September 18, 2018 / 5:46 AM / a month ago

Analyst sees larger 2019 barley, wheat sowing area in Ukraine

KIEV, Sept 18 (Reuters) - Ukrainian farmers are likely to expand the 2019 sowing area under barley and wheat taking advantage of favourable prices, but reduce the maize sowing area, analyst UkrAgroConsult said on Tuesday.

“UkrAgroConsult believes that there are good reasons for expanding the winter barley and wheat planted area. Barley export prices are now the highest over the past four and a half years. Wheat prices – the highest over the last three and a half years,” the consultancy said in a report.

But it said that maize prices did not show a steady upward trend, and there are more bearish factors in the maize market in the 2018/19 season than in the markets of other cereals. (Reporting by Pavel Polityuk; Editing by Subhranshu Sahu)

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