Business news from Ukraine

Business news from Ukraine

USDA FORECASTS GRAIN HARVEST IN UKRAINE AT 55.3 MLN TONNES, EXPORTS AT NEARLY 28.7 MLN TONNES IN 2015

13 May , 2015  

KYIV. May 13 (Interfax-Ukraine) – The U.S. Department of Agriculture (USDA) has forecasted that the Ukrainian grain harvest in 2015 will reach 55.33 million tonnes against 64.1 million tonnes in 2014.

In particular, the USDA projects that in 2015 Ukraine will harvest 22 million tonnes of wheat, 33.33 million tonnes of fodder grain, and 26 million tonnes of maize.

According to the USDA, Ukraine may export 28.68 million tonnes of grain in the 2015/2016 marketing year (July through June), which will be 16.1%, or 5.51 million tonnes, down on exports expected in the current marketing year (34.19 million tonnes: 22.690 million tonnes of fodder grain and 11.5 million tonnes of wheat).

Ukraine is expected to supply 10.5 million tonnes of wheat to the world market in the new season, while fodder grain exports are expected to total 18.18 million tonnes, including 16 million tonnes of maize.

Ukraine’s State Statistics Service reported that the grain and leguminous crops harvest in Ukraine in 2014 totaled a record high of about 63.8 million tonnes, including 24.1 million tonnes of wheat, 9.04 million tonner of barley, and – 28.45 million tonnes of maize.

Ukraine’s Agrarian Policy and Food Ministry projects grain exports in the current marketing year to reach 32 million tonnes.