Drought leads to Ukranian ban on exports
Published 31/10/2012 | 06:00
The Ukraine has confirmed that it will ban wheat exports from November 15 next after poor weather conditions slashed its harvest yield.
Drought across the Ukraine, Russia and Kazakhstan during the growing season is estimated to have reduced wheat yields for the region by close on 40pc.
The Ukraine is one of the top 10 wheat exporting countries in the world and its export ban in set to cause worldwide grain price hikes.
Some 3.8m tonnes of wheat have already been exported from the Ukraine, with contracts for a total of 5.4m tonnes signed.
While the Ukrainian agriculture ministry has insisted that these contracts can be fulfilled, buyers are rushing to get as much grain exported as possible in the next fortnight.
Slaughterings drop by 26,500
Cattle slaughterings fell by over 17pc in September, compared to the same month last year, CSO figures have revealed.
Some 126,100 cattle were killed in September this year, a fall of 26,5000 hd on September 2011.