Grain losses in Ukraine this year might reach 8m tonnes, the country's Prime Minister Mykola Azarov said, cited by Interfax-Ukraine.
"Speculators have raised their heads but, despite the forecast high price for grain this year, prices for bread, milk, butter and other food products in Ukraine won't increase unlike the situation with the poor harvests in 2003 and 2010. The state has large food and grain reserves, which will support the Ukrainian market," he said.
Ukraine's Ministry of Agricultural Policy forecasts the country's grain harvest this year at 45.3 million tonnes. Expert and official forecasts have been adjusted several times because of unfavorable weather conditions such as drought and anomalously high temperatures.