Business news from Ukraine

USDA IMPROVES FORECAST OF GRAIN EXPORTS FROM UKRAINE

14 January , 2021  

The U.S. Department of Agriculture (USDA) in January improved the forecast for grain exports from Ukraine in the 2020/2021 agricultural year (July-June) by 0.2 million tonnes compared to the December forecast, to 45.81 million tonnes with a yield of 64.21 million tonnes due to a reduction in consumption estimates.
According to the ministry’s monthly report, this concerns crops such as barley, oats, rye, millet and sorghum, while the forecast for wheat and corn is kept unchanged.
In particular, the U.S. Department of Agriculture expects the export of 24 million tonnes of corn with a harvest of 29.5 million tonnes and exports of 17.5 million tonnes of wheat with a harvest of 25.5 million tonnes, respectively.
According to the U.S. Department of Agriculture, in the previous agricultural year Ukraine exported 16.02 million tonnes of wheat with a harvest of 25.06 million tonnes, 30.32 million tonnes of corn with a harvest of 35.81 million tonnes, and in general, grain exports amounted to 50.09 million tonnes with a harvest of 69.56 million tonnes.

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