As worries about last spring’s drought fade, the Agriculture Ministry is raising its grain harvest forecast this year by 5% to 63.1 million tons. This would mean a grain harvest 2% larger than last year’s. The ministry also predicts that Ukraine’s grain exports during the 2017/18 marketing year will hit 42 million tons, up 5% over last year. Dragon Capital writes that “a stronger corn yield +10-12% from last year’s” level is compensating for a weak wheat harvest. Minister Maksym Martyniuk writes on Facebook that poor harvests in competitor countries means that Ukraine’s ‘good’ harvest will be ‘magnificent.’
As worries about last spring’s drought fade, the Agriculture Ministry is raising its grain harvest forecast this year by 5% to 63.1 million tons.
