Business news from Ukraine

USDA REVISES UPWARD WHEAT HARVEST AND EXPORTS IN UKRAINE BY 1 MLN TONNES

11 June , 2015  

KYIV. June 11 (Interfax-Ukraine) – The U.S. Department of Agriculture (USDA) in June revised upward the forecast for wheat harvest in Ukraine and its exports in the new agricultural year by 1 million tonnes compared to the previous month forecast, to 23 million tonnes and 11.5 million tonnes respectively.

Fodder grain harvest forecast was revised slightly downward compared to May – from 33.325 million tonnes to 33.125 million tonnes, while the forecast for fodder grain exports has not changed, being 18.18 million tonnes.

In particular, corn harvest would total 26 million tonnes and exports – 16 million tonnes.

USDA said that in the 2014/2015 agricultural year Ukraine would export 11.5 million tonnes of wheat with 24.75 million harvest, 20.885 million tonnes of fodder grain with 39.345 million harvest (including 18 million tonnes of corn with 28.45 million harvest).

Ukraine’s State Statistics Service reported that the grain and leguminous crops harvest in Ukraine in 2014 totaled a record high of about 63.8 million tonnes, including 24.1 million tonnes of wheat, 9.04 million tonner of barley, and – 28.45 million tonnes of maize.

Ukraine’s Agrarian Policy and Food Ministry projects grain exports in the current marketing year to reach 32 million tonnes.