In Ukraine, the sown area under mustard has almost halved

Published 2021년 2월 24일

Tridge summary

In 2020, the sown area for mustard in Ukraine significantly decreased, leading to a reduction in production due to a drought and an increase in supply, alongside a more aggressive pricing strategy from competitors like India and Russia. Despite these challenges, there is stable demand for mustard seeds on the global market, with the European Union accounting for half. The largest buyers were Germany, the Netherlands, Hungary, Romania, and Greece, contributing to 82% of Ukraine's export revenue. The Ukrainian Agrarian Business Club (UCAB) emphasizes the importance of strategic planning to avoid oversupply and financial losses, while also highlighting the benefits of mustard as a crop due to its profitability and ability to improve crop rotation.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

However, in 2020 the sown area under mustard was reduced by almost 2 times: from 49.6 to 25.2 thousand hectares, which, in turn, led to a significant reduction in production. According to Svitlana Lytvyn, an analyst at the Ukrainian Agrarian Business Club, the reason was a combination of factors. Mustard is a moisture-loving crop, and in the spring of 2020 in the south of Ukraine (the main region for its cultivation) there was a drought. Some growers were forced to cut crops under mustard in order not to suffer significant financial losses, "the expert added. In 2018-2019, the share of mustard seed exports in its production was only 50%, although before that this figure was really higher. The main reasons for the decline in the share of exports from production were the increase in supply of mustard seed by Ukrainian producers and a more aggressive pricing policy by the main competitors in the world market: India and the Russian Federation. In 2020, the share of mustard seed ...

Source: Seeds