Grain consumption to hit abysmal low in Ukraine

30.11.2016

Domestic grain consumption in Ukraine is likely to drop to its thirteen-year low in the 2016/17 season, Elizaveta Malyshko, leading expert of grain market at UkrAgroConsult, estimates. These changes have been driven by population and its purchasing ability decrease, as well as reduction of demand from the livestock farming industry.

Official statistics show that flour production by large and medium-sized enterprises declined by approximately 5% in January-October 2016 compared to last year.

Feed grain consumption is also declining, and the reason remains almost the same – reduction of demand due to decreasing livestock and poultry inventory in Ukraine, reports UkrAgroConsult. Nevertheless, production drawdown rate is less significant compared to flour output.

Full version of the article is available to subscribers for weekly ag market report “Black Sea Grain & Oil” and “Online market review” by UkrAgroConsult.

 

UkrAgroConsult

Readers choice: TOP-5 articles of the month by UkrAgroConsult