Soybeans increase their share in oilseed production in Ukraine

Published 2024년 12월 23일

Tridge summary

Ukroliyaprom has forecasted a slight decrease in Ukraine's oilseed production to 21.7 million tons, which is 94% of the previous season's production. This is due to a predicted decrease in sunflower and rapeseed harvests, despite an expected increase in soybean production by 28% to 6.1 million tons, thanks to a 46.6% increase in harvested area. Sunseed production is estimated to decrease by 14% to 12 million tonnes, while rapeseed production is expected to decrease by 11.2% to 3.6 million tons. However, there is a discrepancy between the official production estimates and those of market experts, particularly with sunflower seed production.

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

Original content

The production of seeds of the main types of oilseeds in Ukraine is preliminarily estimated at 21.7 mln tons, which will be 94% of the previous season’s figure, which Ukroliyaprom estimates at 23.1 million tons. This forecast was made by the association as of December 1. According to experts, this season soybean production is expected to increase, while sunflower and rapeseed harvests will decrease. Thus, the association estimates the soybean harvest in the current season at 6.1 mln tons, which will be 28% more than last year (4.8 mln tons according to Ukroliyaprom). This increase will be due to a significant increase in the harvested area – by 46.6%, to 2.66 million hectares, while the oilseed yield decreased by 11.2%, to 2.3 t/ha. The sunseed production in the current season is estimated at 12 mln tonnes, down from 13.9 mln tonnes in MY 2023/24 (-14%). The oilseed yield preliminarily decreased by 7.8% to 22.6 centners per hectare, the harvested area – by 5.4% to 5.3 mln ha. As ...

Source: UkrAgroConsult