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Bloomberg: Ukraine’s grain export forecast cut 9.3% by UkrAgroConsult

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Aug. 29, 2012 08:15
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Ukraine’s grain export forecast was cut by 9.3 percent by agriculture researcher UkrAgroConsult because wheat and corn yields declined after a summer drought.
Photo by AFP

Ukraine’s grain export forecast was cut by 9.3 percent by agriculture researcher UkrAgroConsult because wheat and corn yields declined after a summer drought.

Grain exports will be 21.15 million metric tons in the marketing year which started on July 1, the researcher said in a statement e-mailed yesterday. This compares with a month-earlier forecast of 23.33 million tons. The harvest forecast was cut to 42.4 million tons from 43.9 million tons in July, according to the note. 

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