Corn harvest forecast in Ukraine increased by 2.5 million tons in USDA report for June
According to USDA forecasts, Ukraine’s corn production in 2023/24 MY will reach 24.5 mln tonnes, up 2.5 mln tonnes from the previous report. The export of corn from Ukraine is forecast at 19 mln tonnes (+2.5 mln tonnes). Analysts left the ending stocks estimate unchanged at 1.39 million tons.
According to the latest report, the world corn harvest in 2023/24 MY will amount to 1.222 mln tonnes (+3 mln tonnes).
Experts raised the estimate of global corn exports by 197.76 mln tonnes (+2.5 mln tonnes). The ending stocks of corn in the world will be at 313.98 million tons (+1.08 million tons).
USDA analysts left unchanged the estimate of corn production in the United States – 387.75 million tons and exports – 53.34 million tons. The ending stocks will be at the level of 57.32 (+ 0.89 million tons).
Read also
Soybean harvesting nears completion in Ukraine, with production exceeding 3 mln tons
Palm oil prices in Malaysia rise to four-week high
Cambodia exports over 1 mln tons of rice for the first time as shipments to the Ph...
China loses share of Argentine beef exports as US and Israel increase purchases
Global sugar market faces deficit of over 6 mln tons due to poor harvests
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon