Ukraine may double its wheat and corn exports in the next marketing year, which began on July 1, according to researcher UkrAgroConsult.
Estimates show the country exporting roughly 10 million metric tons of corn and the same amount of wheat, according to Serhiy Feofilov, director of UkrAgroConsult. Ukraine exported 4 million metric tons of wheat and 5 million metric tons of corn in the previous year, when the country had quotas in place to protect domestic supply amid poor harvests due to a drought.
UkrAgroConsult raised its corn production forecast to 15.5 million metric tons from August's 15 million metric ton estimate, said Feofilov. Wheat production was dropped to 20.3 million metric tons from an August estimate of 20.6 million metric tons.