News

Harvest of grains and oilseeds in Ukraine will be 10% less in 2024

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

Tridge summary

The Ministry of Agrarian Policy of Ukraine has projected the 2024 gross production of grains and oilseeds to be around 74 million tons, a decrease from the previous year's 82 million tons, due to expected reductions in the harvest volumes of key crops such as wheat, barley, corn, sunflower, and rapeseed. However, an increase in soybean production is anticipated. These estimates also reflect changes in the planted areas, with a significant rise in soybeans and minor adjustments for other crops. The projections are based on preliminary data and could be revised depending on future weather conditions and other influencing factors.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

According to preliminary estimates of the Ministry of Agrarian Policy of Ukraine, in 2024, gross production of grains and oilseeds will amount to about 74 million tons. Of these, about 52.4 million tons of grains and 21.7 million tons of oilseeds, the Ministry said in a statement. At the beginning of last year, the total gross harvest of grains and oilseeds for 2023 was also forecasted to be almost 13% lower compared to the previous period, at 63.5 million tons. However, weather conditions contributed to the increase in harvest. Therefore, in 2023, the gross production amounted to about 82 mln tons, of which more than 60 mln tons were grains and about 22 mln tons were oilseeds. Therefore, the forecasts for gross harvest figures are preliminary and will be adjusted throughout the year depending on circumstances, primarily weather conditions. This year, farmers are expected to harvest the following volumes of grain: wheat – 19.2 million tons (last year 22.2 million tons were ...
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