Ukraine, the third-biggest corn exporter, lowered its corn crop estimate by 8 percent because of hot weather damage.
The crop will be 23 million to 24 million metric tons, Agriculture Minister Mykola Prysyazhnyuk said in an interview in Kiev yesterday. The ministry’s previous estimate on June 20 was 25 million to 26 million tons.
“Ukraine increased corn plantings this year but unfortunately abnormal weather has not left Ukraine aside,” Prysyazhnyuk said. “For this year we see the minimum corn harvest of 23 to 24 million tons.”
