The FINANCIAL — Ukraine will not suddenly decrease prices for new crop wheat after the finishing of the harvesting campaign, declared Nikholay Dzubinskiy, the head of the department of agro industrial production of the Main department of agro industrial development of Lugansk oblast state administration.
According to the analysis of price fluctuations, the general decrease of production volumes in the world, growing demand for grains from bioethanol producers due to high prices for petroleum products, became the main reason of sudden growth of prices for grains in 2007-2008 period. And then the sudden fall of prices for petroleum caused the reduction of interest in bioethanol and the harvest-2008.
According to the expert, the demand for feed grains will decrease, and Ukraine will have to produce milling grains to satisfy foreign importers.
