News

74 million tons of grain and oil crops will be harvested in Ukraine in 2024

Grains, Cereal & Legumes
Ukraine
Market & Price Trends
Published Apr 18, 2024

Tridge summary

The Ministry of Agrarian Policy in Ukraine has released preliminary estimates for the country's 2024 agricultural output, forecasting a total gross production of approximately 74 million tons, which includes around 52.4 million tons of grain and 21.7 million tons of oilseeds. This projection comes after a year of surpassing expectations with a production of about 82 million tons, thanks to favorable weather. The 2024 forecast anticipates a reduction in the production of wheat, barley, and corn, but expects an increase in soybean production. Additionally, there will be a slight decrease in the sown areas for grain and leguminous crops, with adjustments in the allocations for various crops including winter and spring wheat, barley, corn, and oilseeds.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to preliminary estimates of the Ministry of Agrarian Policy in 2024 gross production of grain and oil crops will amount to about 74 million tons Of them, about 52.4 million tons of grain and 21.7 million tons of oilseeds. This was reported by the press service of the Ministry. It is noted that at the beginning of last year, the total gross harvest of grain and oilseeds for 2023 was also predicted to be almost 13% lower compared to the previous period, at the level of 63.5 million tons. But the weather conditions contributed to an increase in the harvest. So in 2023, the gross production was about 82 million tons, of which more than 60 million tons of grain, and about 22 million tons of oil. Therefore, the forecasts regarding the indicators of gross fees are preliminary and will be adjusted during the year depending on the circumstances, especially weather conditions. It is predicted that this year farmers will be able to collect grain in the following volumes: wheat — ...
Source: Superagronom
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.