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USDA boosts forecast for coarse grain, corn harvest in Ukraine
USDA boosts forecast for coarse grain, corn harvest in Ukraine

The U.S. Department of Agriculture has raised its forecast for the coarse grain and corn harvest in Ukraine in 2007 by 1 million tonnes, or by 500,000 tonnes each.

The USDA said in a report issued on Friday that it was raising the forecast for Ukraine's coarse grain harvest to 14.55 million tonnes in 2007 and the forecast for transfer stocks in the current marketing year (July 2007 to June 2008) to 1.53 million tonnes from 1.24 million tonnes. The forecasts for Ukrainian grain exports and domestic consumption were left unchanged at 2.51 million tonnes and 12.65 million tonnes, respectively.

The corn harvest forecast was raised to 7 million tonnes, while the forecast for corn transfer stocks was boosted to 970,000 tonnes from 470,000 tonnes. The corn export and domestic consumption forecasts were left unchanged at 1.5 million tonnes and 5.6 million tonnes.

The forecast for the production, consumption, export and transfer stocks of wheat in the 2007/2008 marketing year was left unchanged at 13.8 million tonnes, 12.2 million tonnes, 1.5 million tonnes and 1.54 million tonnes, respectively.

A drought engulfed southeastern Ukraine in May and early June that led to the loss of about 1.1 million tonnes of grain, according to the Ukrainian Agriculture Policy Ministry.

The ministry predicts the grain harvest will total 29 million-30 million tonnes (in weight after processing) in 2007. Annual domestic wheat consumption amounts to about 27 million tonnes.

Ukraine saw its grain harvest fall 9.9% to 34.3 million tonnes (in weight after processing) in 2006. Ukraine harvested 13.947 million tonnes of wheat, 11.341 million tonnes of barley and 6.426 million tonnes of corn in 2006.
MGR Archive 14.11.2007
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Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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