Ukraine Grain Exports
Ukraine exported 1.78 MMT of grain in January, of which 680,000 MT was wheat, 400,000 MT barley and 700,000 MT corn.
That brings exports for the marketing year to date to 15.4 MMT (incl 7.5 MMT of wheat, 4.1 MMT of barley and 3.5 MMT of corn).
The January grain export figure is up 180,000 MT on 2009, and the year to date total is 800,000 MT higher than in 2008/09. Yet the official target for exports during the current marketing year is only 16-17 MMT.
Either the official target is wildly out, or exports are going to slow to a trickle from hereon in.
I suspect that the truth of the matter is that Ukraine only have 16-17 MMT to export to balance the supply/demand books, but in reality they will allow much more than that to leave the country to get some foreign reserves in.
A bit like selling all your stuff at a car boot sale to pay this month's rent. The question is what are you going to do next month? Ah, we'll worry about that when the time comes....that's ten quid love, it's an antique majolica Louis XIV jardiniere by Faberge hand painted by David Hockney himself, very rare. Look I'll even throw in this autographed pair of Stephen Hawking football boots, what a centre forward he was eh? Used to just glide across the pitch...
That brings exports for the marketing year to date to 15.4 MMT (incl 7.5 MMT of wheat, 4.1 MMT of barley and 3.5 MMT of corn).
The January grain export figure is up 180,000 MT on 2009, and the year to date total is 800,000 MT higher than in 2008/09. Yet the official target for exports during the current marketing year is only 16-17 MMT.
Either the official target is wildly out, or exports are going to slow to a trickle from hereon in.
I suspect that the truth of the matter is that Ukraine only have 16-17 MMT to export to balance the supply/demand books, but in reality they will allow much more than that to leave the country to get some foreign reserves in.
A bit like selling all your stuff at a car boot sale to pay this month's rent. The question is what are you going to do next month? Ah, we'll worry about that when the time comes....that's ten quid love, it's an antique majolica Louis XIV jardiniere by Faberge hand painted by David Hockney himself, very rare. Look I'll even throw in this autographed pair of Stephen Hawking football boots, what a centre forward he was eh? Used to just glide across the pitch...
