BR100 Increased By (2.94%)
BR30 Increased By (3.47%)
KSE100 Increased By (2.69%)
KSE30 Increased By (2.84%)
BECO 5.62 Increased By ▲ 0.04 (0.72%)
BML 59.51 Decreased By ▼ -1.71 (-2.79%)
BOP 34.61 Increased By ▲ 0.93 (2.76%)
CNERGY 8.08 No Change ▼ 0.00 (0%)
DCL 12.05 Increased By ▲ 0.41 (3.52%)
FCCL 54.40 Increased By ▲ 2.26 (4.33%)
FCSC 5.52 Decreased By ▼ -0.11 (-1.95%)
FFL 18.05 Increased By ▲ 0.04 (0.22%)
FNEL 1.33 Decreased By ▼ -0.02 (-1.48%)
HUMNL 11.07 Increased By ▲ 0.03 (0.27%)
KEL 8.05 Increased By ▲ 0.21 (2.68%)
KOSM 5.88 Increased By ▲ 0.15 (2.62%)
MLCF 90.52 Increased By ▲ 4.01 (4.64%)
NBP 190.17 Increased By ▲ 5.87 (3.19%)
PACE 11.53 Decreased By ▼ -0.12 (-1.03%)
PAEL 41.07 Increased By ▲ 1.11 (2.78%)
PIAHCLA 25.84 Increased By ▲ 0.17 (0.66%)
PIBTL 17.51 Increased By ▲ 0.24 (1.39%)
PPL 225.84 Increased By ▲ 3.17 (1.42%)
PRL 34.63 Increased By ▲ 0.17 (0.49%)
PTC 64.62 Increased By ▲ 0.88 (1.38%)
SEARL 91.38 Increased By ▲ 0.92 (1.02%)
SSGC 26.97 Increased By ▲ 0.30 (1.12%)
TELE 8.93 Increased By ▲ 0.02 (0.22%)
THCCL 69.16 Increased By ▲ 0.69 (1.01%)
TPLP 10.90 Decreased By ▼ -0.30 (-2.68%)
TREET 24.64 Decreased By ▼ -0.06 (-0.24%)
TRG 69.78 Decreased By ▼ -0.81 (-1.15%)
WAVES 11.16 Increased By ▲ 0.05 (0.45%)
WTL 1.27 No Change ▼ 0.00 (0%)

The UkrAgroConsult agriculture consultancy on Tuesday cut its forecast for Ukraine's 2018/19 crop year wheat and barley harvest and exports due to a severe drought across the country. The consultancy reduced its wheat harvest forecast by 3 percent to 25.5 million tonnes and exports to 16 million tonnes from the 17 million it forecast in May.
The harvest of barley is likely to decrease by 4 percent to 7.1 million tonnes, while 2018/19 barley exports could fall to 3.7 million tonnes from a previous estimate of 4 million tonnes, the consultancy said in a statement. "A precipitation deficit combined with record high air temperatures in May led to rapid exhaustion of soil moisture content," UkrAgro Consult said. "These agro-meteorological conditions will cause a decrease in potential barley and wheat yields in Ukraine," it said.
The Ukrainian state hydro-meteorological centre said last week that drought in eastern and southern regions could shrink Ukraine's 2018 wheat harvest by 15-30 percent below original forecasts. Last month, forecasters said Ukraine's 2018 winter wheat harvest was likely to fall to 24 million tonnes from 25.4 million tonnes in 2017 due to extremely dry weather this spring which will reduce the yield.
This year's winter barley crop could total 2.5 million tonnes compared with 3.03 million tonnes in 2017. UkrAgro Consult said drought could also affect late crops like maize. "It should also be noted that the dry weather may result in some shortfall in maize plantings as growers are expected to prefer sunflower," it said.
"The weather conditions are not yet critical to maize, but this crop will also suffer unless it receives enough precipitation in the summer," UkrAgro Consult said. Ukraine's agriculture ministry has said it keeps the 2018 grain harvest forecast unchanged at around 60 million tonnes despite poor weather.

Copyright Reuters, 2018

Comments

Comments are closed for this article.