UN/Ukraine to create world grain reserve

[TOM4CWB]

Dear Charlie et al;

Is this actually possible? I am reading this? The UN is doing this???


"Ukraine to create world grain reserve
World-Grain.com, Aug. 5, 2011
by World Grain Staff

KYIV, UKRAINE — The Minister of Agrarian Policy and Food of Ukraine Mykola Prysyazhnyuk said on Aug. 4 that his country is creating a world grain reserve under the auspices of the United Nations (UN). Ukraine would take on the responsibility to form the reserve of 10 to 12 million tonnes of grain, preserve it and make grain interventions on the market following the respective decisions by the UN.

Ukraine's 2011 grain crop at the moment is 35.6% larger than the amount of crop harvested by August 2010. According to the minister, these indicators allow Ukraine to create the world grain reserve fund.

"We brought a motion to the UN suggesting creating the world grain reserve on the territory of Ukraine," said Prysyazhnyuk. The minister also noted that Ukraine can now position itself as one of the world grain market leaders.

World grain reserve would presumably be used to regulate world grain prices by intervening in the market in times of low grain supply. This would provide for the stability of world grain prices as well as guarantee food security of the global population. Given the ongoing famine in Africa and global food insecurity, the creation of the world grain reserve is expected to be a useful tool for the UN in its struggle to provide humanitarian assistance in line with the UN World Food Programme.

Ukraine used to bear the title of the breadbasket of Europe and has been referred to as such ever since. It is estimated that Ukraine produced approximately one quarter of all agricultural output of the Former USSR. Experts believe Ukraine's annual grain production to be at least 33-35 million tonnes per year, which leaves a substantial amount of grain for export considering the fact that the domestic consumption is set at the mark of 25-26 million tonnes. Ukraine expects to harvest over 40 million tonnes of grain in 2011.

Earlier, the President of the National Academy of Agrarian Sciences of Ukraine Mykola Bezuhly said that the future world grain reserve is to be managed by the Food and Agriculture Organization of the United Nations while international financial institutions will sponsor the fund.

[ColevilleH2S]

Oh great(much rolling of eyes). Just what we need, a bunch of bureaucrats in New York messing with the grain markets.

I predict scandal and corruption will follow. Especially if Ukraine is involved.

[TOM4CWB]

Cole,

I really do wonder when they say:

"We brought a motion to the UN suggesting creating the world grain reserve on the territory of Ukraine," said Prysyazhnyuk. The minister also noted that Ukraine can now position itself as one of the world grain market leaders.

World grain reserve would presumably be used to regulate world grain prices by intervening in the market in times of low grain supply. This would provide for the stability of world grain prices as well as guarantee food security of the global population."

This makes about as much sense as the CWB saying they control global grain prices.

We are sure slow learners!

I guess they needed a replacement after the CWB lost its monopoly... and western Canadians & Ausies will no longer be required to hold the reserve for free!

[sumdumguy]

Think the grain will be there when called upon?

[TOM4CWB]

SDG,

Funny how the CWB had problems getting their 1CWRS and Durum...out of us growers!!!

I don't think I would want to depend on what they store to bake with!

Sounds like a plan Stalin came up with in the 1930's.

If I were a grain grower in Ukraine... I would be really scared!

[hedgehog]

how close to chernobyl will the store be? will the grain set off a geiger counter?
sounds the same as the eu intervention system scrapped in 2003.

[furrowtickler]

Sounds like the CWB. Now that it is on the rocks someone else must be the pupet for the global trade masters - interesting timeing.

[Burbert]

A strategic world food supply. HOW
UNETHICAL kin it get. The only food that
should be allowed on this planet, is hand
to mouth type. We kin keep the masses in
line, solve overpopulation. Git good
returns fer Comedian faminers. Yup the
only way to goo, keep the masses hungry
and Comedian faminers will dominate the
markets, yahhhhhhhhhhhhhhhha......

[ColevilleH2S]

Burbert I said it once and I'll say it again. When governments get involved in food production bad stuff like this happens;

[URL="http://en.wikipedia.org/wiki/Holodomor"]Bureaucracies[/URL]

<a href="http://www.nytimes.com/2002/08/07/opinion/zimbabwe-s-man-made-famine.html">Cause</a>

<a href="http://en.wikipedia.org/wiki/Great_Chinese_Famine">Starvation</a>

not the market.

[TOM4CWB]

Burbert,

How good for domestic grain growers was it for Russia and the Ukraine to put export restrictions on their grain?

Now even when they have a good crop... the UN along with their own gov. will/are preventing the grain growers from participating in the market... yet again. I will be very surprised if these growers get paid anywhere near fair market value.

[wilagro]

Tom...its too bad that you don't understand burbert's logic and his message that he is trying to get across to you and others. Many of his observations of the REAL state of agriculture on the prairies and the politics involved go right over your head.