Business news from Ukraine

USDA REVIEWS DOWNWARDS FORECAST FOR EXPORT OF UKRAINIAN RAPESEEDS TO 2.7 MLN TONNES

21 September , 2019  

The U.S. Department of Agriculture (USDA) reviewed downwards its forecast for exports of rapeseeds from Ukraine in the 2019/20 agricultural year (September-August) by 0.1 million tonnes compared with the August forecast, to 2.7 million tonnes.

According to the September report, published on the USDA website, the forecast for the export of Ukrainian soybean meal was reduced by 0.2 million tonnes to 0.7 million tonnes due to stronger domestic demand.

In general, the forecast for the export of oilseeds from Ukraine in September was reduced by 0.1 million tonnes compared to the forecast in August, to 4.75 million tonnes, meal exports – by 0.2 million tonnes, to 5.8 million tonnes, while at the same time, the forecast for the export of vegetable oil remained at 6.3 million tonnes, oilseed refining – at 17.15 million tonnes.

As reported with reference to the Ministry of Agricultural Policy and Food, in 2018, Ukraine harvested 13.7 million tonnes of sunflower, 4.4 million tonnes of soybeans, and 2.6 million tonnes of rapeseed.

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