Forecast of Ukrainian corn export in 2021/22 MY down by 4.5 mln tonnes – USDA - 11.04.2022

Forecast of Ukrainian corn export in 2021/22 MY down by 4.5 mln tonnes – USDA - 11.04.2022

In 2022, Ukraine may harvest 63 mln tonnes of grains and oilseeds throughout 20 mln ha, forecasts the Ukrainian Grain Association.

Wheat crop may total 18.2 mln tonnes, down from the last year’s record of 33 mln tonnes. However, this volume is still 3 times higher than the annual domestic consumption in Ukraine. The carry-over stocks of wheat of the harvest-2021 are close to 10 mln tonnes. Taking into account the expected crop size and the stocks, Ukraine can export up to 10 mln tonnes of wheat in 2022/23 MY.

Barley crop may amount to 6.2 mln tonnes in 2022 (10.1 mln tonnes in 2021). The export of barley is forecasted at 2 mln tonnes. Corn crop and export can be at 23.1 mln tonnes (37.6 mln tonnes in 2021) and 20 mln tonnes correspondingly.

The UGA forecasts sunflower seed production at 9.8 mln tonnes (16.9 mln tonnes), rapeseed – 1.5 mln tonnes (2.9 mln tonnes), soybean – 1.8 mln tonnes (3.5 mln tonnes). Rapeseed export in 2022/23 MY may total 1.3 mln tonnes, soybean export – 0.6 mln tonnes.

The overall export of grains and oilseeds from Ukraine in 2022/23 MY can reach 35 mln tonnes, in case if the country manages to increase the capacity of all logistic facilities under the condition of blocked ports.

Source: https://www.apk-inform.com/