Ukraine. Ag Ministry raised its grain crop and export forecasts


The Ministry of Agrarian Policy and Food has raised its forecasts for the 2018 crop of grains by 5%, to 63.1 MMT. This was reported by First Deputy Ag Minister Maksym Martyniuk.

According to the report, the previous estimate of 60 MMT was adjusted upwards. The grain crop in Ukraine is expected at 63.1 MMT. The increase will be accounted for by late grains. Although the weather conditions were far not optimal, grain losses occurred just sporadically. Consequently, the milling / feed wheat ratio is estimated at 60/40.

In addition, the grain export forecast was advanced to 42 MMT.

As a reminder, because of a smaller crop, grain exports from Ukraine fell in the 2017/18 season for the first time in five years. They totaled 40.6 MMT versus 44.9 MMT in the previous season, reports UkrAgroConsult.

More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Grain" by UkrAgroConsult.




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