The Ukrainian Grain Association predicts a smaller harvest in 2024: 76.1 million tons of grain and oil crops

Published 2024년 3월 12일

Tridge summary

The Ukrainian Grain Association (UZA) has projected a decrease in the harvest of grain and oil crops in 2024, with an estimated yield of 76.1 million tons compared to 82.6 million tons in 2023. The decline is attributed to a reduction in sown areas due to unfavorable price conditions and costly export logistics. The 2024/2025 exports are expected to be around 43.7 million tons. The forecasted harvest includes 20 million tons of wheat, 4.6 million tons of barley, 26.3 million tons of corn, 13.7 million tons of sunflower, 4.2 million tons of rapeseed, and 5.5 million tons of soybeans.

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

Original content

The Ukrainian Grain Association estimates the potential harvest in 2024 at the level of 76.1 million tons of grain and oil crops. While the 2023 harvest, according to UZA, amounted to 82.6 million tons of grain and oil crops. The current forecast is based on the average weather conditions for the last 5 years, so improvements or deterioration of these conditions in the spring and summer may make adjustments. The potential decrease in the harvest in the new season will be caused by the reduction of sown areas mainly under grain crops due to unfavorable price conditions on the world market and relatively expensive export logistics. Under such conditions, exports in the new season of 2024/2025 may amount to about 43.7 million tons. In the current season, according to UZA, the export of grain and oilseeds may reach 53.1 million tons of grain and oilseeds under the conditions of uninterrupted operation of the Ukrainian maritime corridor and the Danube route . UZA forecasts the wheat ...

Source: Agroconf