US Department of Agriculture has increased the forecast of wheat exports from Ukraine
Experts from the US Department of Agriculture (USDA) have icreased their forecast for wheat exports from Ukraine in the new season.
In the November USDA report, the projected volume of wheat exports from Ukraine in 2021/2022 MY is 24 million tons – 0.5 million tons more than in the previous forecast, Elevatorist reports.
At the same time, analysts have not changed the forecast for the wheat harvest in Ukraine in the new season. The final grain balance is forecasted at the level of 1.41 million tons – 0.3 million tons less than the October forecast.
In turn, the world wheat trade forecast was raised by 3.5 million tons – to a record 203.2 million tons. According to analysts, this is due to an increase in wheat exports from the countries of the European Union, as well as India, Russia and Ukraine.
Recently, analysts from Barva Invest specifically for USM told how the export of grain crops in Ukraine is progressing in the new season, and what to expect next in the wheat, barley and corn markets.