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Despite a record harvest in Ukraine and the world, demand and prices for Ukrainian grain in foreign markets will remain stable, director of the agrarian market economic development department of the Agrarian Policy Ministry Vitaly Sabluk told on air of the BTB TV channel.
He noted that at Ukrainian traders plan to export more than 50% of grain of the expected 57-58 million tons of crop. Sabluk is convinced that the demand for Ukrainian grain will remain stable.
"Traditional markets for food, feed grains, wheat are North Africa and the Middle East.
"Maize is actively making its way to the Asian region," he said and added that now Japan is the largest importer of our corn (16 million tons).
He also believes that, despite the good grain harvests in the world, prices for Ukrainian grain will be stable. "We expect a reasonably stable price situation on food wheat and barley. The financial crisis of the past years and a high price on the world market resulted in reducing grain classes in many poor countries. This year the price is more affordable for them, so we expect the same level of prices in the future," Sabluk said.
He added that a good quality of our grain will also contribute to that.
According to the Agrarian Policy Ministry data, as of the beginning of August, Ukraine exported about 1.7 million tons of early grain.