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State Reserve to sell 500.000t grain in Sept
21.09.2005 11:44 "Agro Perspectiva" (Kyiv) —
As to State Committee for Material Reserves press published announcement, State Reserve is going to sell 500.000t grain from State reserves on Sept contests in order to renew grain stocks.
Committee will hold grain selling contests on Sept 1, 8 and 15, runs announcement.
As earlier reported, State Reserve had sold 1999 crop 3 class 35.660t wheat (UAH490/t) from State reserves on Aug 11 contest.
It is to be reminded, earlier State Reserve had tried to obtain external markets 300.000t wheat sale Cabinet permission in order not to beat down domestic grain market prices.
In 2004 State Reserve, having purchased over 1 million tons 2004 crop grain, created 5 months food grain stock.
In 2004 agrarians had harvested 41.809 million tons grain (up against 20.2 million tons in 2003).
Domestic market food grain annual requirement is estimated 67 million tons.
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