The FINANCIAL — The US Department of Agriculture (USDA) increased grains export forecast from Ukraine in 2010/11 MY by 0.62 mln tonnes till the level of 15.63 mln tonnes compared to the last month forecast.
According to the publication of the USDA from September 10, the experts decreased the estimation of the domestic maize demand from 6.5 to 6 mln tonnes, which allowed to increase maize export forecast from 5 to 5.5 mln tonnes.
Besides, the USDA decreased the carry-over stocks estimations of other feed grains by 0.12 mln tonnes, which also allowed to increase the export forecast.
The American specialists kept the previous estimations concerning other crops. In particular, the experts still forecast wheat production at the level of 17 mln tonnes, and wheat exports – 6 mln tonnes. According to the USDA forecasts, feed grains production in Ukraine will total 21.75 mln tonnes, including maize – 11.5 mln tonnes, which exceeds the level of the Ministry of Agrarian Policy of Ukraine forecast, which estimates the present year harvest volumes at the level of 40 mln tonnes.
According to the announcement of Viktor Slauta, the Vice-Premier of Ukraine, according to grain balances, Ukraine potentially is able to export 15-16 mln tonnes of grains in the present MY, however, as of the current moment, the Custom Service delays the loadings under the pretext of the wrong grain classification by Ukrainian exporters.