Business news from Ukraine

Business news from Ukraine

GRAIN HARVEST IN UKRAINE IN 2020 MAY REACH 72 MLN TONNES

29 April , 2020  

The grain harvest in 2020 may reach about 72 million tonnes (75.1 million tonnes in 2019), about 51 million tonnes from this volume can be exported, UkrAgroConsult analytical agency said.
“Despite draughts in March and April, in case of May rainfall, the wheat harvest’s level will be high enough, about 26 million tonnes (28.3 million tonnes in 2019). At the same time, its yield is forecast to be 5% lower than the trend value and 5% lower than last year,” UkrAgroConsult said on its website.
According to leading expert on the grain market Yelyzaveta Malyshko, with such harvest, Ukraine may well export 17 million tonnes of wheat.
According to preliminary forecasts, the corn harvest may reach 36 million tonnes in 2020 (35.9 million tonnes in 2019), and barley of 8 million tonnes (8.9 million tonnes).