USDA decided to revise its Black Sea grain export estimates

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Ukraine. The forecast for Ukrainian corn exports was reduced by 1 MMT because of a slow pace of shipments. At the same time, the respective figure for barley exports, on the contrary, was increased by 100 KMT.

Russia. The wheat export estimate was raised by 0.5 MMT because a domestic price drop had made Russian wheat more competitive in the world market.

Kazakhstan. The barley export estimate was cut by 200 KMT because of a slow pace of shipments, UkrAgroConsult reports.

USDA: Estimates of Black Sea grain production and exports in 2020/21 season, MMT (April)

Thus, in April, grain export potential of the Black Sea region decreased by 0.6 MMT (-0.06% from the March estimate) to 101.36 MMT.

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Tags: Ukraine, Russia, Kazakhstan, USDA, Black Sea region, export estimates