According to latest USDA estimates world grain production for
2014/15 MY will total 1.98bmt
Now the interesting thing here is Ukraine produces more than
is required for domestic consumption so much so that its share of the world
market of grains is quite significant.
According to APK-Inform estimates Ukraine could in the
current marketing year’s export in excess of 34mmt or 54% of its production or 10.1% of
world grain exports.
It’s this last figure that demonstrates the scale of influence
Ukraine grain production has on the world market and bearing in mind this is very
likely to be down for H15 it might just bring some welcome relief to grain
farmers the world over.