Ukrainian Exports Up, Harvest 91% Complete

Ukrainian grain is again flowing, pushing down global prices as thenewly opened crop-export corridorshows some initial success, reportsBloomberg.

More than500,000 tonsof foodstuffs aboard 25 ships were exported from the country’s major Black Sea ports in the first half of August, under adeal agreed late last month. That’s far below a normal pace, but is providing some relief to grain supplies strained by Russia’s invasion and bad weather curbing harvests elsewhere.

Ukrainian harvest is 91% complete

Ukraine’s 2022 wheat harvest is 91% complete at 17.4 million tonnes despite hostilities in eastern and southern regions, grain traders union UGA toldReuterson Friday.

The union’s statement said farmers had harvested a total of 25.7 million tonnes of grains and oilseeds so far.

In 2021, Ukraine harvested a record 86 million tonnes of grain, including 42.1 million tonnes of corn and 32.2 million tonnes of wheat.

政府表示，今年的收成可能会降至约65至6700万吨谷物和油料种子。

International Grains Council adjusts global output downward

Global output of grain is expected to fall 2% in 2022-23, led by a reduction in corn and rice production, theInternational Grains Council说。

IGC has cut grain forecasts for the current year by 4 million metric tons to 2.248 billion tons, and consumption estimates by 3 million tons to 2.274 billion tons

In the 2021-22 season, global grain production came in at 2.291 billion tons.

—Lisa Cleaver