Ukrainian Soybean-Exports Forecast Is Cut by Researcher ProAgro
Agriculture researcher ProAgro (PGR) cut its forecast for Ukraine’s soybean exports in the marketing year that ends June 30 by 8.4 percent on an increased estimate for domestic consumption.
Soybean exports will be 1.42 million metric tons, the Kiev- based researcher said in e-mailed statement late yesterday. That compares with a forecast a month ago for 1.55 million tons and with 1.4 million tons shipped a year earlier, according to the researcher.
Domestic consumption is estimated at 872,000 tons for the season from July 1 compared with the previous forecast of 747,000 tons, according to ProAgro. The soybean harvest rose to 2.29 million tons this year from 2.26 million tons, the researcher said.
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