In Ukraine, oilseed crops are becoming a priority for agrarians

Published 2023년 1월 10일

Tridge summary

Ukraine is planning to shift its sown areas towards oilseed crops, including sunflower, soybean, and rapeseed, as they fetch a higher price despite having a lower yield, says Taras Vysotskyi, the First Deputy Minister of Agrarian Policy and Food of Ukraine. The country expects to see an increase in the cultivation of these crops, despite a predicted decrease in the physical harvest. Ukraine's international market ready to absorb larger volumes of oilseed crops, making the logistics more profitable for farmers. This shift is expected to bring positive results for both oilseed and grain crops, including winter wheat, due to improved logistics and higher prices.

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

Original content

Sown areas in Ukraine will be reoriented to oilseed crops. Taras Vysotskyi, the First Deputy Minister of Agrarian Policy and Food of Ukraine, stated this on TV, according to a statement from the Ministry of Agrarian Policy. “Oilseed crops are becoming a priority for agrarians. This is already noticeable on the example of winter rapeseed, the area of which was sown compared to the previous year did not decrease. We also expect an increase in sunflower and soybean acreage. Although oil crops have a lower yield, give a lower gross harvest in weight, but their cost is much higher compared to grain – by 2-2.5 times. Therefore, if we are talking about the physical harvest, we predict that the decrease will be at the level of 10-15%. This is our assessment at the moment,” said Taras Vysotskyi. He believes that the surplus of oilseed crops does not threaten the country, since Ukraine is export-oriented in both oilseed and grain crops. “The international market is ready to consume larger ...

Source: UkrAgroConsult