USDA released an optimistic forecast for next season’s grains in Ukraine

UkrAgroConsult

Ukraine. The 2020/21 estimates were brought into compliance with the official grain harvest results published by to the State Statistics Committee of Ukraine. The figure for 2020/21 wheat exports was reduced by 0.5 MMT, to 17 MMT, because of slow shipments.

According to the forecast, the 2021/22 grain crop in Ukraine may hit a record high of 77 MMT, UkrAgroConsult reports.

Russia and Kazakhstan. The estimates of next season’s grain production in Russia and Kazakhstan are roughly at the 2020/21 level, while export potential may increase because of high carryovers.

Thus, the 2021/22 grain crop in the Black Sea region will rise by 5.8%, to 214.2 MMT (mostly due to a production gain in Ukraine), while its export potential will increase by 13.2%, to 114.2 MMT.

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UkrAgroConsult

Tags: Ukraine, USDA, Grains, optimistic forecast