Ukraine: Barley and wheat stocks as of November 1 lower than last year

According to the State Statistics Service, grain and pulse inventories in Ukraine totaled 24.23 mln tonnes as of November 1, 2017, or 10.6% less than at the same time last year (27.11 mln tonnes), UkrAgroConsult reported.

Wheat stocks as of the reporting date were down 4.2% year-on-year at 11.62 mln tonnes against 12.13 mln tonnes as of November 1, 2016. Barley stocks were down 28.3% year-on-year at some 1.98 mln tonnes (2.76 mln tonnes was in November 2016).

Corn inventories are also lower than last year. They totaled 9.23 mln tonnes as of the reporting date, or 12.4% less than last year (10.54 mln tonnes).

The decrease in grain inventories stems primarily from some crop downturn this year. In addition, barley and wheat exports were quite active in the first third of the season, unlike corn shipments.