Experts predict a sharp rise in price of buckwheat

At the same time in the agriculture Ministry sees no reason for the price increase.

In September, the buckwheat in Ukraine can rise to 40 hryvnia per kilogram.

However, this situation will last long – with the advent of the new crop prices should again be somewhat reduced.

For example, now, according to the State statistics service, the average cost of a kilogram of buckwheat is 24,25 UAH.

In turn, the Ministry of agrarian policy and food of Ukraine sees no reason to raise the price of buckwheat.

“The harvest of buckwheat in 2017 will fully satisfy the needs of the domestic market in order to maintain a stable price for this product”, – stated in the message Department, transmit Ukrainian news.

According to the report, the sown area under buckwheat in the current year amounted to 183 thousand hectares, which is 22% more compared with the year 2016. As of 1 September the buckwheat was threshed on an area of 50 thousand ha, threshed 55 million tons (a yield of 11.0 t/ha).

“Market balances do not indicate a risk of a price increase, therefore, such fluctuations can be purely speculative,” – said the first Deputy Minister of agrarian policy Maxim Martyniuk.

He also noted that the state’s agricultural operators have a reserve of a given culture which can be used in the case of sharp fluctuations in prices.

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