Ukraine’s corn and wheat exports are both projected to fall in marketing year 2023-24 amid Russia’s ongoing invasion, informed the Ukrainian Grain Association (UGA). Nikolay Gorbachov, president of the UGA, said the corn harvest is forecast to fall to 21.1 million tonnes, down from 27.3 million tonnes the previous season due to a lower planted area. […]
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Ukraine’s corn and wheat exports are both projected to fall in marketing year 2023-24 amid Russia’s ongoing invasion, informed the Ukrainian Grain Association (UGA). Nikolay Gorbachov, president of the UGA, said the corn harvest is forecast to fall to 21.1 million tonnes, down from 27.3 million tonnes the previous season due to a lower planted area. He said corn exports are expected to drop to 19 million tonnes in 2023-24, off 30% from an expected 27 million tonnes in 2022-23. “The lower export forecast is due to a lower (crop) area, but also because we compare it to the high ones in the current campaign, when we had huge stocks,” Gorbachov said аt the GrainCom conference in Geneva, Switzerland, Ukraine’s wheat crop is projected to fall to 17 million tonnes from 20.2 million last year. Of this, 14 million tonnes could be exported in the upcoming season, down from 15.5 million in 2022-23, Gorbachov said. Oilseed production looks set to rebound, with the sunflower seed harvest up ...
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