Ukraine 2017/18 grain exports down 9.5 %

KIEV (Reuters) – Ukraine has exported about 22.8 million tonnes of grain in the agricultural year that began in July, down from about 25.2 million in the same period last year, the state service for food protection said on Wednesday.

Exports included 11.7 million tonnes of wheat, 3.8 million tonnes of barley and about 6.7 million tonnes of maize, it said in a statement.

Exports at the same point a year ago included about 12.3 million tonnes of wheat, 4.4 million tonnes of barley and 8 million tonnes of maize.

Analyst UkrAgroConsult cut Ukraine’s 2017/18 maize export forecast this week by 2.6 percent to 19 million tonnes due to a smaller harvest and tight competition from South American countries.

It lowered its forecast for the 2017 maize harvest to 24.7 million tonnes from its previous estimate of 25 million because of a smaller-than-expected maize yield.

Ukraine has said it harvested 62.3 million tonnes of grain this agricultural year compared with a record 66 million tonnes in 2016. The season runs from July to June.

The acting agriculture minister last month cut Ukraine’s 2017/18 grain export forecast to about 41 million tonnes from 42 million tonnes previously, mainly due to transport problems.

 

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