Analysts raise Ukraine 2019/20 soybean export forecast by 6.3% – media
APK-Inform agriculture consultancy on Thursday increased its forecast for soybean exports from Ukraine in the 2019/20 season by 6.3% to 2.55 million tonnes.
It also cut its forecast for domestic consumption and ending stocks of soybeans, the consultancy said in a report, Successful Farming reported with reference to Reuters.
The soybean harvest fell by around 9% in 2019 to 4.35 million tonnes.
Ukraine had exported 2.027 million tonnes of soybean as of April 10 compared with 1.106 million tonnes by the same point last season.