USDA raises grain yield forecast for Ukraine

The U.S. Department of Agriculture (USDA) has increased its forecast for the grain yield in Ukraine in the current market year of July 2016 through June 2017 by 4.5%, compared to the July forecast, to 64.1 million tonnes, according to a posting on the agency`s website.

In August, the USDA increased its forecasts for wheat production in Ukraine in the 2016-2017 MY by 2 million tonnes, as compared with the July forecast, to 27 million tonnes. The export of maize is forecast at 14.5 million tonnes against 12.5 million tonnes in the July forecast.

The maize harvest in Ukraine has remained unchanged – at 26 million tonnes, according to the USDA August forecast. Maize exports are projected to reach 17 million tonnes, in line with the previous forecast.

At the same time, the USDA raised its forecast for the output of coarse grains from 36.23 million tonnes to 37.05 million tonnes, and their export is projected at 21.73 million tonnes, as compared to the previous forecast of 21.33 million tonnes.

As UNIAN reported earlier, Ukraine`s Ministry of Agrarian Policy anticipates that the gross yield of grain and leguminous crops in Ukraine this year will reach 61 million tonnes.

The yield of grain and leguminous crops in 2015 was 60.1 million tonnes, which was 5.8% down from the record high of 63.8 million tonnes recorded in 2014. This data does not include information from occupied areas in Donbas and Crimea.

Ukraine`s exports in the 2015-2016 MY were at a record high. Farmers exported 39.4 million tonnes of grain, compared to 34.8 million tonnes in the 2014-2015 MY.

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