USDA forecast for export of ukrainian wheat to 19 mln tonnes

The U.S. Department of Agriculture (USDA) has reviewed downwards the forecast for export of Ukrainian wheat in 2019/20 agricultural year (July-June) by 0.5 million tonnes, to 19 million tonnes, and harvest – by 1 million tonnes, to 29 million tonnes, according to a July report of the USDA posted on its website. According to the report, compared with the June report, the forecast for the export of barley in 2019/20 agri-year was also lowered to 4.2 million tonnes (by 0.3 million tonnes) due to the deterioration of the forecast for the production of this crop to 8.5 million tonnes (by 0.5 million tons).

At the same time, the forecast for the export of corn has been increased to 28 million tonnes (by 1 million tonnes) with improving the forecast of the corn harvest to 34 million tonnes (by 1 million tonnes).

Thus, in general, the grain harvest forecast for 2019/20 agri-year in Ukraine has been reduced to 72.55 million tonnes (by 0.5 million tonnes compared with the June forecast), exports increased to 51.39 million tonnes (by 0.2 million tonnes).

As reported, Ukraine’s Agricultural Policy and Food Ministry predicts an increase in the yield of grain in 2019 to 70.8 million tonnes with a gross harvest of grain in the 2018/19 agricultural year at the level of 70.1 million tonnes.

Open4business.com.ua.