Business news from Ukraine

USDA FORECASTS UKRAINIAN GRAIN HARVEST IN COMING FARM YEAR AT 58.9 MLN TONNES

13 May , 2016  

KYIV. May 13 (Interfax-Ukraine) – The U.S. Department of Agriculture (USDA) forecasts that Ukraine will harvest 58.925 million tonnes of grain in the coming agricultural year (July 2016-June 2017) and export 31.83 million tonnes of grain.

Ukraine’s feed grain harvest will total 34.925 million tonnes, including 24 million tonnes of corn, the USDA said. Ukraine will also harvest 7.8 million tonnes of barley and 24 million tonnes of wheat.

The USDA forecasts Ukrainian wheat exports at 11.5 million tonnes in the 2016/2017 farm year. Feed grain exports will amount to 20.33 million tonnes, including 17 million tonnes of corn.

Ukraine estimates grain harvest in 2015 at 59.96 million tonnes, which is 6.1% less than a year earlier, the State Statistics Service reported.

Grain exports in the past farm year totaled 34.6 million tonnes, including 18.837 million tonnes of corn, 11.234 million tonnes of wheat, 4.46 million tonnes of barley and 280,000 tonnes of other grain crops.

The Agricultural Policy and Food Ministry forecasts grain exports in the 2015/2016 farm year will total 37 million tonnes. The Ukrainian Grain Association expects the exports to weigh in at 36 million tonnes.