USDA lowers grain harvest forecast for Ukraine to 44.6mn tonnes in 2012.

By bne IntelliNews October 12, 2012
The United States Department of Agriculture (USDA) has cut the grain harvest forecast for Ukraine by mere 0.04% to 44.56mn tonnes (compared with forecast made in September). In particular, the wheat harvest forecast remained at 15.5mn tonnes, and the forecast of the feed grain harvest was cut by 0.07% to 29.06mn tonnes. Moreover, USAD has retained its forecast for Ukraine's exports of grain crops in the 2012/13 marketing year (July 2012-June 2013) at 19.01mn tonnes. The expected volume of wheat exports remained at the level of 4mn tonnes, of feed grain - at 15.01mn tonnes. The forecast of domestic consumption in October remained at 12.3mn tonnes.

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