Less buckwheat is sown in Ukraine this year

Published 2024년 4월 4일

Tridge summary

In Ukraine, Svitlana Lytvyn from the Ukrainian Club of Agrarian Business predicts a significant sowing of buckwheat, totaling 125,000 hectares, with an expected yield of 162,000 tonnes for the year. This forecast comes despite the challenges of overproduction and low consumer prices experienced last year, underscoring the volatile nature of buckwheat farming in the country. The article emphasizes the cyclical trends in buckwheat prices and cultivation areas over the past decade, largely due to its limited international demand and primary consumption within the domestic market. These fluctuations highlight the unpredictable profitability for farmers and varying consumer prices, reflecting the broader complexities of Ukraine's agricultural sector.

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Original content

Such a forecast was voiced by Svitlana Lytvyn, head of the analytical department of the "Ukrainian Club of Agrarian Business" (UKAB) association, in a comment for "Suspilny". This year, UCAB expects to sow 125,000 hectares with buckwheat. The forecasted harvest is 162,000 tonnes. It is noted that last year Ukraine had large buckwheat crops, in fact overproduction was observed. The end consumer immediately felt this thanks to the low prices — about UAH 28/kg, which is equal to the price of 2020. That is, since 2020, the prices of all food products have increased significantly, and buckwheat is sold below cost. This is exactly the factor that leads to the reduction of buckwheat sown areas. "Fluctuations in buckwheat prices in Ukraine have been observed over the past 10 years. Sown areas also change every year. So, in 2022, the area of buckwheat crops amounted to more than 121 thousand hectares. At that time, almost 148,000 tons of crops were harvested. And the price of groats was ...

Source: AgroPortal.ua