Wheat: Sharp harvest decline in Ukraine

Agricultural , Commodities Aug 08, 2012 No Comments

Wheat droughtThe Ukrainian Minister of Agriculture announced last weekend figures for grain production. Between the beginning of the year and August 3rd, the country harvested 24 million tons of various grains, compared with 30.4 million last year in the same period, a decrease of 21%.

More specifically, production was 15.5 million tonnes for wheat and 3.95 million tonnes for barley, the two main crops of the country, reports the agriculture agency APK. Harvests are expected to finish in late September.

After a very good year 2011, the country suffers from bad weather in 2012. Frost in winter and the lack of precipitation since the spring prevented crops from growing properly. The expected poor harvest in countries around the Black Sea, and drought in the U.S., are pushing world prices up.

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Pascal Blanc

Pascal has implemented numerous software solutions in the areas of procurement, sourcing, spend management, supplier evaluation and performance. His clients include Fortune 500 companies in Europe, Asia and North America. He is a co-founder of Source & Procure.

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