USDA increased the forecast of wheat yield in Ukraine

Rainfalls in Ukraine increased the forecasts on wheat yields. In June USDA report increased the future crop in Ukraine on 1 mln. tons up to 23 mln. t. The world production of wheat in 2015/2016 will be 721.6 mln. tons, that is on 4.8 mln tons lower than value of last season.

Were increased the forecasts of wheat consumption and trade. The forecast of EU import increased on 0.5 mln tons due higher import potential of Ukraine.

Ukraine to export 11.5 mln tons (+1 mln tons) in 2015/16 season

It should be noted that most of market players not expected such a boost.

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