KIEV, Sept 5 (Reuters) - Analyst UkrAgro Consult on Tuesday raised Ukraine's 2017/18 grain exports forecast by 3.4 percent to 42.06 million tonnes underpinned by higher-than-expected harvest.
It revised the 2017 grain harvest estimate to 63.2 million tonnes from 61.7 million tonnes a month earlier due to a higher grain yield and larger harvested area, the consultancy said in a statement.
UkrAgroConsult said Ukrainian wheat harvest this year is likely to reach 26 million tonnes compared with 26.1 million tonnes from a year-ago period. A month earlier, the consultancy had expected the wheat harvest to come in at 25 million tonnes.
"The wheat harvest outcomes were also greater than expected by the market. Although wheat plantings were somewhat reduced in favour of oilseeds, a larger area of wheat survived the winter than last year," the consultancy said.
UkrAgroConsult said the 2017 barley crop could total 8.5 million tonnes versus 8 million tonnes expected a month earlier, and compared with 9.45 million tonnes threshed last year.
The Agricultural Ministry said Ukraine could harvest up to 63 million tonnes of grain this year, and had harvested a record 66 million tonnes in 2016. However, analysts saw the output at 64.2 million tonnes.
UkrAgroConsult did not provide forecast for this year's maize crop, which had totalled 28 million tonnes last year.
Weather forecasters last week said hot and dry weather in Ukraine's eastern and southern regions in August may reduce maize harvest by 10-15 percent and could hamper winter grain sowing.
The 2017 maize harvest could decrease to 25.5-26 million tonnes, said Tetyana Adamenko, head of the agriculture department for the state weather centre.
She added weather conditions were unfavourable for winter grain sowing.
Winter wheat accounts for around 95 percent of Ukraine's total wheat area while the share of winter barley reaches around 60 percent.
The ministry said farmers have already started winter grain sowing, seeding the first 12,000 hectares.
This year, farmers plan to sow around 7.2 million hectares of winter grains, including 6.1 million hectares of winter wheat.
It revised the 2017 grain harvest estimate to 63.2 million tonnes from 61.7 million tonnes a month earlier due to a higher grain yield and larger harvested area, the consultancy said in a statement.
UkrAgroConsult said Ukrainian wheat harvest this year is likely to reach 26 million tonnes compared with 26.1 million tonnes from a year-ago period. A month earlier, the consultancy had expected the wheat harvest to come in at 25 million tonnes.
"The wheat harvest outcomes were also greater than expected by the market. Although wheat plantings were somewhat reduced in favour of oilseeds, a larger area of wheat survived the winter than last year," the consultancy said.
UkrAgroConsult said the 2017 barley crop could total 8.5 million tonnes versus 8 million tonnes expected a month earlier, and compared with 9.45 million tonnes threshed last year.
The Agricultural Ministry said Ukraine could harvest up to 63 million tonnes of grain this year, and had harvested a record 66 million tonnes in 2016. However, analysts saw the output at 64.2 million tonnes.
UkrAgroConsult did not provide forecast for this year's maize crop, which had totalled 28 million tonnes last year.
Weather forecasters last week said hot and dry weather in Ukraine's eastern and southern regions in August may reduce maize harvest by 10-15 percent and could hamper winter grain sowing.
The 2017 maize harvest could decrease to 25.5-26 million tonnes, said Tetyana Adamenko, head of the agriculture department for the state weather centre.
She added weather conditions were unfavourable for winter grain sowing.
Winter wheat accounts for around 95 percent of Ukraine's total wheat area while the share of winter barley reaches around 60 percent.
The ministry said farmers have already started winter grain sowing, seeding the first 12,000 hectares.
This year, farmers plan to sow around 7.2 million hectares of winter grains, including 6.1 million hectares of winter wheat.
![]() |
| Wheat exports imports |

No comments:
Post a Comment