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USDA lowers forecast for production, export of corn in Ukraine in Oct

KYIV. Oct 13 (Interfax-Ukraine) – In its October report, the U.S. Department of Agriculture (USDA) lowered its forecast for the production of Ukrainian corn in the 2021/2022 marketing year (July-June) by 1 million tonnes – from 39 million tonnes to 38 million tonnes, and its export – by 0.5 million tonnes, from 32 million tonnes to 31.5 million tonnes.

The USDA said that the forecast for corn exports has been increased for India, the United States and the EU, while it has been downgraded for Ukraine, Russia and Vietnam.

In the October report, the USDA also kept the forecast for the wheat harvest in 2021/22 at 33 million tonnes, and its exports from Ukraine at 23.5 million tonnes.

As reported, Ukraine since the beginning of 2021/22 and as of October 8, 2021 exported 15.38 million tonnes of grains and legumes, which is 18.1% more than on the same date of the previous year. Among crops, 9.74 million tonnes of wheat were exported (6.6% more compared to the same date in 2020/21); 3.91 million tonnes of barley (27.9% more); 1.49 million tonnes of corn (2.1 times more); 37,100 tonnes of flour (28.5% less).