Agrarian Fund to purchase a million tons of wheat

The Agrarian Fund will purchase one million tons of wheat to prevent the price rise for bread and flour products till the year end, deputy Agrarian Minister Mykola Bezugly told a briefing in the Cabinet, ForUm correspondent reports.

The official explained that such measures are needed due to foreseen fall of the wheat whole yield of this year twofold comparing to the last year. Bezugly specified that at the worst scenario it is expected to harvest 10-12 million tons of wheat and at the best one - about 14-15 million tons.

Speaking about grain export, the official noted that this year export of wheat will reduce, while export of corn and barley will increase. "At the worst scenario we will export 4-5 million tons of wheat, and at the best one - about 8-10 million tons," he summed up.