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15
August
2022

USDA in Aug increases estimate of corn harvest in Ukraine in 2022/23 by 5 mln tonnes

KYIV. Aug 15 (Interfax-Ukraine) – In its August report, the US Department of Agriculture (USDA) increased the forecast for the harvest of Ukrainian corn in 2022/23 (July-June) compared to July by 5 million tonnes, to 30 million tonnes from 25 million tonnes, and its export estimate has been raised by 3.5 million tonnes to 12.5 million tonnes from 9 million tonnes.

According to a report on the website of the USDA, the estimate of domestic corn consumption in Ukraine has been increased by 1 million tonnes – from 9.5 million tonnes to 10.5 million tonnes.

In the new forecast, the department also increased the forecast for wheat exports from Ukraine in 2022/23 by 1 million tonnes, to 11 million tonnes from 10 million tonnes, while the assessment of its harvest remained at the same level – 19.5 million tonnes. At the same time, the forecast for its domestic consumption in Ukraine was also left at the same level of 10.2 million tonnes.

In addition, the forecast for ending stocks of wheat at the end of the current year has been reduced – from 5.24 million tonnes to 4.24 million tonnes compared to 5.84 million tonnes at its beginning.

According to the report, in general, the forecast for the coarse grains harvest in Ukraine for 2022/23 was increased by 5.7 million tonnes, to 37.46 million tonnes from 31.76 million tonnes, and its export – by 3.5 million tonnes, to 14 .33 million tonnes from 10.83 million tonnes.