Despite the current weather risks, in 2019/20 MY the general grain production in Ukraine will reach the record results. In particular, in the current season the production of wheat and barley can grow by 17% and 27%, and reach almost 29 mln tonnes and 9 mln tonnes respectively, declared the independent expert of the Ukrainian market of grains and oilseeds, Oleg Levchenko to APK-Inform journalists.
Such high rates of the general harvest highlight the possibility of increasing of the export potential of Ukraine in the current season to 20.5 mln tonnes of wheat and 5.1 mln tonnes of barley, or up 35% and 47% respectively compared with 2018/19 MY, said O.Levchenko.
At the same time, the expert forecasted decreasing of the production and exports of corn in 2019/20 MY to 33.6 mln tonnes and 27 mln tonnes respectively, or down 6.5% and 8.5% compared with the record figures of the season-2018/19. Despite the slight downward trend, the figures still remained among the highest ones in the history of Ukraine. At the same time, the volumes will grow by 36% and 51% compared with the production and export rates of Ukrainian corn in 2017/18 MY, he stressed.
It should be noted that Lebanon is one of the major sales markets for the reporting crops. According to APK-Inform figures, in July-May period of 2018/19 MY the country imported more than 322 thsd tonnes of Ukrainian wheat, nearly 270 thsd tonnes of corn, and 25 thsd tonnes of barley.
You can receive more detailed information about the forecasts of O.Levchenko, by visiting the international conference Middle East Grains&Oils Congress: Beirut edition, on September 18-19, 2019, in Beirut, Lebanon (Crowne Plaza Hotels&Resorts). The expert will make a presentation "Ukrainian grain market: production and exports".