Business news from Ukraine

The Ukrainian Grain Association (UGA) in its August forecast predicts growth in grain and oilseeds production in the country in the 2019/20 agricultural year to 95.2 million tonnes (the previous forecast had 94.7 million tonnes), and exports – to 58.2 million tonnes (56.9 million tonnes).
According to the information on the association’s website, in the context of crops, changes relate to: wheat production is projected at 27.7 million tonnes (against 28.9 million tonnes in the previous forecast), exports – 21 million tonnes (20 million tonnes); barley production – 8.6 million tonnes (8.4 million tonnes), exports – 4.7 million tonnes (4.9 million tonnes); corn production – 34.5 million tonnes (32.2 million tonnes), export – 27 million tonnes (26 million tonnes).
As reported, the Ministry of Agricultural Policy and Food of Ukraine predicts an increase in the grain harvest in 2019 under favorable conditions up to 70.8 million tonnes compared with 70.1 million tonnes in 2018.
The U.S. Department of Agriculture (USDA) predicts a grain harvest in Ukraine this year at 72.6 million tonnes, exports – 51.4 million tonnes.