USDA: Soybean crop in Ukraine reduced by 250 KMT
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USDA: Soybean crop in Ukraine reduced by 250 KMT

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Author:

Consulting Agency UkrAgroConsult

UkrAgroConsult

In the May report, the USDA left unchanged its estimate for 2018/19 oilseeds production in the Black Sea region at 45.588 MMT.

The forecast for oilseeds output in MY 2019/20 was decreased to 45.898 KMT (-250 KMT) because of a reduction in the Ukrainian soybean crop, reports UkrAgroConsult.

USDA: Oilseed production estimates for Black Sea and CIS countries, KMT

 

Sunseed

Soybeans

Rapeseed

2019/20

June

2019/20

May

2019/20

June

2019/20

May

2019/20

June

2019/20

May

Ukraine

14 800

14 800

4 050

4 300

3 900

3 900

Russia

12 500

12 500

4 300

4 300

2 050

2 050

Kazakhstan

900

900

-

-

320

320

Moldova

800

800

-

-

50

50

Turkey

1 550

1 550

100

100

88

88

Belarus

-

-

-

-

490

490

Total

30 550

30 550

8 450

8 700

6898

6898

 

More detailed information on the latest trends in oilseeds/vegoils/meals exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Grain" by UkrAgroConsult.

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Please be reminded that on September 5, UkrAgroConsult will host a major meeting point of the oilseed industry operators - the 7th International Conference “Black Sea Oil Trade-2019” in Hilton, Kyiv, Ukraine.

‘Black Sea Oil Trade’ conference annually brings together key players of the global agribusiness at the start of a new oilseed season. The goal of the conference is to discuss prospects and directions of the Black Sea and global oilseed market development, exchange international contacts, share recommendations for adapting business strategies in the changing market and global trade.

More than 250 delegates from 25+ countries attend the conference annually. Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of veg oils, investment companies, banks, legal, shipping, brokerage, insurance, surveyor and other companies.

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