Traders cut Ukraine’s combined grain & oilseeds crop forecast; more ships leave


Grain Traders Union UGA cut Ukraine’s 2022 combined grain and oilseeds crop forecast. According to Reuters, it is due to a smaller than expected harvested area caused by the Russian invasion.

They have now changed the forecast to 64.5 million tons from 69.4 million tons.

10 more ships loaded up with Ukrainian grains got ready to leave port Friday. The country’s infrastructure minister says 31 ships have already left ports under an export agreement brokered last month and are carrying 630,000 tons of ag goods.

He also says more than 40 applications have been submitted for shipping to Ukrainian ports, but the country’s grain exports are still down more than 50 percent on the year.


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