UkrAgroConsult’s first estimates of Ukraine’s 2023 oil seed harvest

Published 2023년 1월 13일

Tridge summary

Ukrainian farmers are strategically reducing production costs and expanding the cultivation of profitable crops for the 2023 harvest due to falling farming margins. The total area under oilseeds is projected to increase by 5% year-on-year, with an expected 11% rise in harvest. The planting of sunflower seeds is on the rise, especially in regions still in operation due to the 'grain corridor' for vegoil exports. Soybean planting is also expanding in safer western regions of Ukraine, driven by high European demand and active export shipments. Despite the decrease in winter rapeseed plantings, the expansion of sunflower and soybean plantings is expected to compensate, with detailed analysis available in the 'BLACK SEA VEGOIL' Weekly Report by UkrAgroConsult.

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

Original content

In 2022/23, the fall in farming margins pushes Ukrainian farmers to implement a strategy of reducing production costs and expanding the area of the most profitable crops for the 2023 harvest. Currently, the impact of each of these factors encourages significant savings in production costs. The winter rapeseed area for the 2023 harvest is down 29% y/y after its expansion in 2021. Farmers sowed some 1 Ml ha, which is not a critical decrease for Ukraine. Growers are increasingly encouraged to plant oilseeds for 2023. The fall in winter rapeseed plantings in the south and north was partially offset by other regions of Ukraine. Sunflower seed (SFS) is one of the most profitable crops. Since 2018, its average area has been exceeding 6.5 M ha for all Ukraine. SFS are is expected to increase by 10% from 2022. In addition, the expansion of sunflower plantings is driven by continued operation of crushers in the central and even southern regions of Ukraine thanks to vegoil exports renewal ...

Source: UkrAgroConsult