The U.S. Department of Agriculture (USDA) in the report for August improved the forecast for the export of Ukrainian wheat in the 2021/2022 marketing year (MY, July-June) by 2.5 million tonnes compared to the forecast in July, to 23.5 million tonnes.
The forecast for wheat harvest in Ukraine in the new marketing year has been increased by 3 million tonnes compared to the July forecast, to a record 33 million tonnes. As noted in the USDA, this figure has been increased due to the expansion of the area under this crop, as well as due to its higher yield this season.
In the August report, the USDA also improved the forecast for the corn crop and its exports from Ukraine in 2021/2022 MY by 1.5 million tonnes compared to the July forecast. Thus, corn production is expected to grow from 37.5 million tonnes to 39 million tonnes, its export – from 30.5 million tonnes to 32 million tonnes. As explained, the forecast for corn harvest in Ukraine has been increased, as the reduction in acreage under this crop is more than offset by an increase in its yield prospects.
As reported, since the beginning of 2021/2022 MY and as of August 6, 2021, Ukraine has exported 3.63 million tonnes of grains and legumes, which is 12% more than on the same date of the previous MY. It also exported 1.31 million tonnes of barley (23.2% more compared to the same date in 2020/2021MY), 1.25 million tonnes of wheat (a quarter less), 1.05 million tonnes of corn (2.1 times more), 13,500 tonnes of flour (1.6 times less).
