Ukraine will have 7.5 million metric tons of wheat in carryover inventories when the coming crop year begins on July 1, less than predicted a month ago though still a record high, UkrAgroConsult said.
The estimate is 400,000 tons lower than the previous forecast, Liza Malyshko, a grain analyst at the Kiev-based researcher, said in e-mailed comments today. Corn stockpiles will be about 800,000 to 900,000 tons at the current marketing year’s end on June 30, Malyshko said.
Grain exports this month and next will probably total about 2 million tons, according to the analyst. Outbound shipments fell to 510,000 tons in May’s first two weeks from 1.14 million tons a month earlier, Malyshko said.
Agriculture Minister Mykola Prysyazhnyuk on March 13 predicted grain exports of about 2 million tons a month from April through June.
End-of-season carryover stocks of grain will come to 12 million tons, Sergey Stoianov, director of the Ukrainian Agrarian Confederation, said in a statement on the group’s website yesterday.
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