Ukraine’s UGA lowers 2024 grain harvest estimates on dry weather

Published May 30, 2024

Tridge summary

The Ukrainian Grain Association (UGA) has revised Ukraine's grain and oilseed crop harvest estimate for 2024 downward to 74.6 million mt from 76.1 million mt, attributed to a decrease in planting area and dry weather in certain regions. The forecast now includes a corn crop harvest of 25.5 million mt and wheat at 19.1 million mt, a decrease from previous projections. The UGA notes that weather conditions could still lead to further adjustments. Despite these revisions, export projections remain largely consistent across different sources, with corn and wheat exports expected to reach 20.5 million mt and 13 million mt, respectively, in the 2024-25 marketing year.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Ukraine’s grain union, Ukrainian Grain Association (UGA), has lowered the country’s grain and oilseed crop harvest estimate in 2024 to 74.6 million mt from 76.1 million mt projected earlier, it said. The cut comes following a reduction in planting area, particularly grains, and dry weather in several regions of eastern and southern Ukraine, the UGA said. Corn crop harvest is projected at 25.5 million mt and wheat at 19.1 million mt, down from the previous forecast of 26.3 million mt and 20 million mt. In oilseeds, the sunflower harvest will be at 13.7 million mt, rapeseed at 4.3 million mt and soybean at 5.5 million mt, the agency said. “The current forecast is based on the average weather conditions of the last 5 years, so the improvement or deterioration of these conditions in the spring and summer may lead to adjustments,” the association said. April and May rains were sharply below normal, which worsened grain crop conditions in Ukraine, according to the UGA. Recent frosts in ...
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