In its September report, the US Department of Agriculture (USDA) increased the forecast for the harvest of Ukrainian corn in 2022/2023 marketing year (MY, July-June) by 1.5 million tons compared to August, up to 31.5 million tons from 30 million tons, and its export estimate has been raised by 0.5 million tons to 13 million tons from 12.5 million tons.
According to a report on the US Department of Agriculture website on Tuesday, the estimate of domestic corn consumption in Ukraine has been increased by 1 million tons – from 10.5 million tons to 11.5 million tons.
In the new forecast, the agency also raised the forecast for wheat production in Ukraine in 2022/2023 MY by 1 million tons – up to 20.5 million tons from 19.5 million tons, while the estimate of its exports remained at the same level – 11 million tons. At the same time, the forecast for its domestic consumption in Ukraine has also been increased by 0.5 million tons – up to 5.5 million tons from 5 million tons.
“Forecast of production (wheat – IF) in Ukraine increased by 1 million tons, to 20.5 million, as the harvest is almost completed, and government statistics indicate higher final yields in the forest and forest-steppe zones,” the Ministry of Agriculture said in a report. USA.
In addition, the forecast for carry-over stocks of wheat at the end of the current marketing year has been increased – from 4.24 million tons to 4.71 million tons compared to 5.84 million tons at its beginning.
According to the report, in general, the forecast for the feed grain harvest in Ukraine for 2022/23 MY was increased by 1.5 million tons – up to 38.96 million tons from 37.46 million tons, and its export – by 0.5 million tons, up to 14 .83 million tons from 14.33 million tons.
As reported, from the beginning of the 2022/2023 marketing year and until September 9, Ukraine exported 5.29 million tons of grain and leguminous crops, which is 1.94 times less than the previous marketing year. The country supplied to foreign markets 3.17 million tons of corn (2.37 times more than in the same period in 2021/2022 MY), 1.65 million tons of wheat (3.6 times less), 447 thousand tons of barley (6 .7 times less) and 15.6 thousand tons of flour (1.7 times less).
