News

Ukraine sees 2024 grain crop falling about 10% to 52 million metric tons

Maize (Corn)
Soybean
Published Apr 17, 2024

Tridge summary

Ukraine is expected to see a decrease in its grain harvest from 58 million metric tons in 2023 to about 52 million metric tons in 2024, as reported by the country's farm ministry. This reduction is mainly due to a decrease in the sowing area for crops such as corn, spring wheat, and sunflowers, despite an increase for spring barley and soybeans. The 2024 forecast includes 27 million tons of corn, 19 million tons of wheat, and 5 million tons of barley, along with 4 million tons of rapeseed, 12.5 million tons of sunseed, and 5.2 million tons of soybeans, highlighting a significant rise in soybean sowing area owing to its profitability in 2023. Overall, the grain and oilseed harvest is anticipated to drop to 76.1 million tons from 82.6 million tons in the previous year, marking a substantial decrease from the pre-invasion level of 107 million tons.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Ukraine’s grain harvest is likely to fall to about 52 million metric tons this year from 58 million tons in 2023, mostly due to an expected smaller sowing area, the farm ministry said on Tuesday in its first official harvest forecast for 2024. The ministry said last month that the sowing area for corn was likely to drop4.5% to 3.863 million hectares this year from 4.043 million in 2023. Farmers may also reduce the area sown for spring wheat and sunflowers, but are tipped to increase it for spring barley and soybeans. The ministry’s crop forecast shows the country could harvest 27 million tons of corn, 19 million tons of wheat and 5 million tons of barley this year. Ukraine has not published final 2023 harvest results. The latest figures put the wheat harvest at around 22.5 million tons, with farms also harvesting 5.9 million tons of barley and 28.2 million tons of corn. The ministry said farmers this year might thresh 4 million tons of rapeseed, 12.5 million tons of sunseed and ...
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