Business news from Ukraine

Business news from Ukraine

USDA IMPROVES FORECAST FOR CORN EXPORTS FROM UKRAINE TO 25 MILLION TONNES

The U.S. Department of Agriculture (USDA) in September improved its forecast for corn exports from Ukraine in the 2018/2019 marketing year (MY, July-June) by 500,000 tonnes compared with the August forecast, to 25 million tonnes. According to a report on the website of the U.S. department, the forecast for corn harvest for 2018 has been maintained at the level of 31 million tonnes.
The USDA also kept the forecast for wheat exports from Ukraine in the 2018/2019 MY at the level of 16.5 million tonnes with the yield standing at 25.5 million tonnes, which corresponds to the figures released in August.
In general, the U.S. agency downgraded its forecast for grain harvest in Ukraine by 400,000 tonnes, to 65.2 million tonnes, raised that for exports by 300,000 tonnes, to 45.96 million tonnes.
As reported, the Ministry of Agrarian Policy and Food of Ukraine predicts the increase in grain harvest in 2018 by 1.1 million tonnes compared to the previous year, to 63.1 million tonnes. Grain exports in the 2018/2019 marketing year are projected to be 42 million tonnes.

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UKRAINIAN LARGEST FOOD RETAILERS ASKING AUTHORITIES TO INTRODUCE PARALLEL IMPORTS

Ukraine’s Agricultural Policy and Food Ministry predicts that corn harvest in Ukraine would increase by 19.4% in 2018 compared with 2017, to 29.5 million tonnes.
“We expect the corn harvest this year to be about 29.5 million tonnes, while the export of the crop this agricultural year [2018/2019 agri-year, July-June] will amount to 22 million tonnes,” First Deputy Minister of Agricultural Policy and Food Maksym Martyniuk said at a press conference on Tuesday.
The ministry estimates that the wheat harvest in 2018 may decrease by 7.6%, to 24.2 million tonnes, barley by 13%, to 7.2 million tonnes, rye – by 15%, to 0.38 million tonnes, buckwheat – by 25%, to 0.14 million tonnes, soybean – by 2.6%, to 3.8 million tonnes, and sugar beet – by 10.7%, to 13.3 million tonnes.
The harvest of sunflower can grow by 9.8%, to 13.4 million tonnes, and rapeseed – by 18.2%, to 2.6 million tonnes.
The areas planted with crops for the 2019 harvest will be 8.09 million hectares, in particular 6.2 million hectares with winter wheat, 0.89 million hectares with winter rape, and 0.87 million with winter barley.

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