FAO raised its forecast for global grain stocks
The Food and Agricultural Organization of the United Nations (FAO) has increased the forecast of world grain production in 2023 to 2,819 million tons. This is 0.9% more than last year.
The Food and Agricultural Organization of the United Nations (FAO) has increased the forecast of world grain production in 2023 to 2,819 million tons. This is 0.9% more than last year.
In the new season, the export of Ukrainian agricultural products can reach almost 49 million tons.
The forecast for the production of Ukrainian corn remained unchanged, while exports may increase to 23.5 million tons.
The United States Department of Agriculture (USDA) has updated its global forecast of the balance of major agricultural crops for the 2022/23 marketing year.
This season Ukraine is waiting for an almost record grain harvest, which will be the second largest in the entire history of Independence – after 2019. It is expected that in this regard, the volume of exports will also grow. Therefore, USM asked the question: is the desire to increase grain transshipment capacity justified, and how will this affect transshipment rates? What was the capacity of grain facilities 5 years ago and what is it now? What is the current reserve of transshipment capacity at deep-water terminals, will the plans to increase these capacities be justified in the near future?
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