News

Ukroliyaprom expects reduction of total oilseed production in Ukraine next season

Soybean
Oil & Fats
Ukraine
Market & Price Trends
Published Apr 17, 2024

Tridge summary

Ukraine's total oilseed harvest for the 2024/25 marketing year is expected to slightly decrease by 3.1% to 21 million tonnes, as reported by Ukroliyaprom. This forecast includes a mix of outcomes for different oilseeds: a promising 4.2% increase in soybean production to 5 million tonnes, contrasted with declines in sunflower and rapeseed outputs. Sunflower production is predicted to fall by 4.8% to 12 million tonnes, and rapeseed production is also expected to decrease, reaching 4 million tonnes. This projection reflects the dynamic nature of agricultural production, with varying trends across different oilseed crops.
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

The total harvest of major oilseeds in Ukraine in 2024/25 MY may reach about 21 mln tonnes, which is 3.1% lower than the current season (21.68 mln tonnes). This forecast was announced by the association Ukroliyaprom. In terms of individual crops, next season soybean production is expected to increase by 4.2% compared to the previous year – from 4.8 mln tons to 5 mln tons. At the same time, next season’s sunflower production may reach 12 mln tons, which is 4.8% less than last year’s harvest (2.6 mln tons). Also, ...
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