The U.S. Department of Agriculture (USDA) in its June report has improved the forecast for the export of Ukrainian wheat in the 2021/2022 marketing year (MY, July-June) by 500,000 tonnes compared to the forecast in May, to 20.5 million tonnes.
In the report, the department also raised the forecast for the wheat harvest in Ukraine in the new marketing year by 500,000 tonnes, to 29 million tonnes due to a long period of favorable weather conditions.
In June, the USDA retained its forecast for corn exports from Ukraine in the 2021/2022 MY at 30.5 million tonnes, the harvest – at 37.5 million tonnes.
As reported, Ukraine has exported 42.61 million tonnes of grains and legumes since the beginning of the 2020/2021 MY and as of June 9, 2021, which is 22.4% less than on the same date of the previous MY. As of the indicated date, 16.04 million tonnes of wheat and 21.77 million tonnes of corn were exported.