KYIV. June 13 (Interfax-Ukraine) – The U.S. Department of Agriculture (USDA) in June 2017 improved its forecast for corn yield in Ukraine in the 2017/2018 marketing year (MY, July-June) by 500,000 tonnes compared to the May forecast, to 28.5 million tonnes.
According to a report on the website of the U.S. department, the forecast for corn exports was also raised by 500,000 tonnes, to 20.5 million tonnes.
The USDA maintained the forecast for wheat exports from Ukraine in the 2017/2018 MY at the level of 14.5 million tonnes with the yield being 25 million tonnes, which corresponds to the figures published in May.
In general, the U.S. agency improved the forecast for grain production in Ukraine by 500,000 tonnes, to 62.29 million tonnes, exports by 500,000 tonnes, to 38.81 million tonnes due to the growth of corn figures.
As reported, Ukraine since the beginning of the 2016/2017 MY and as of June 8, 2017 had exported 41.667 million tonnes of grain.
Grain harvest in Ukraine in 2016, according to the State Statistics Service, amounted to about 66 million tonnes.
