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Reaping Ukraine Land

by Writers Room

posted in Food and Drink

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The 2008/09 selling year was a record one for food commodity prices. Trading on commodities such as corn and maize reached levels never seen before. Whereas agricultural experts agree that it's very unlikely that costs in the promoting year 2009/10 will surpass the previous year's benchmark, Ukraine is showing strong signs of bumper crops and an glorious harvest that means that investment in Ukraine land is ready for one more smart year.

In line with the 'Ukraine Grain and Feed Annual Report 2009', last year's bumper crop and giant carryover stocks led to export sales being taken to a historic high. These exceptional export levels meant that Ukraine joined the listing of the globe's high grain exporters. Figures released by the Ukraine State Statistical Committee show that grain production within the 2008/09 selling year experienced a large eighty two% year-on-year rise. The rise in the world of Ukraine land used for agriculture (in particular, grain and pulse crops) was conjointly considerable (14.4% additional land was farmed) while yields grew by an spectacular 59.a pair of%.

Exports are expected to be slightly lower this year, however the Ukraine government estimates that the country's grain exports will amount to around 7 million tonnes of grain, the second highest level ever and well above average.

Part of the explanation behind this export boom comes from favourable climatic conditions. Last winter saw ideal weather in Ukraine for crop planting. The largely delicate conditions have led to 95% of the winter crop being classed as 'good' or 'satisfactory' by the Ukrainian Meteorological Center. The figure is the highest for the last four years and augurs well for crop yields farmed from Ukraine land during the 2009/ten selling year.

Another factor behind the record grain export levels made by Ukraine land is the improved grain storage facilities. Ukraine agriculture is quick catching up with trendy technology and techniques. Higher and bigger storage could be a top priority, notably when yields are high. Total storage capability increased by two million tonnes last year with the development of additional silos and grain elevators planned for this year.

Ukraine's admission to the World Trade Organisation (WTO) in 2008 was a any contributing issue to Ukraine's high grain exports. Membership of the WTO has meant Ukraine has had to adopt international export licensing needs and abolish grain export restrictions.

Agricultural consultants are unanimous in that agriculture on Ukraine land features a very bright future. Ukraine is one in all the terribly few countries in the planet where vast agricultural expansion can not have a negative impact on the environment. Ukraine also enjoys the privilege of some of the globe's most fertile soil. In addition, improved farming techniques can ensure that Ukraine continues to supply high crop yields over the following decade and beyond. And with world food consumption forecast to extend by over forty% by 2030, Ukraine land and therefore the soft commodities created on it are poised to become an important half of everyday life.

About the Author:

Writers Room has been writing articles online for nearly 2 years now. Not only does this author specialize in Agriculture, you can also check out his latest website about:

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