What are the production forecasts for Ukraine?

Published 2023년 6월 19일

Tridge summary

The EU's MARS crop monitoring system has forecasted a record rapeseed harvest for Ukraine, expected to double and reach 5.47 million tonnes this year, a significant increase from the previous forecast of 3.04 million tonnes. This is due to an expansion in the planting of oilseed crops, which has resulted in a decrease in winter crops like soft wheat. Despite the challenges of the war with Russia, oil crops provide greater income to farmers. Additionally, the forecast also predicts a 29% increase in soybean crop and an 8% decrease in sunflower harvest compared to 2021, while the total wheat crop forecast has been revised upwards to 28.28 million tonnes.

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

Original content

At the end of March, the Ukrainian Ministry of Agriculture published official forecasts, according to which the country expected the rapeseed harvest to be around 3.8 million tons this year. Today, the rapeseed crop in Ukraine is expected to double this year compared to the average of previous years and reach a record level, according to the EU's MARS crop monitoring system, Reuters reported. In its latest report from mid-June, MARS estimated that the 2023 rapeseed crop in Ukraine could reach 5.47 million tonnes, a significant revision to the April forecast, when expectations were for 3.04 million tonnes. According to MARS, acreage of oilseed crops has increased in areas controlled by the Kiev government, at the expense of winter crops such as soft wheat, while Ukrainian farmers face financial and logistical problems due to the war with Russia. In general, oil crops provide greater income, the agency explains. Such a harvest would be 99% above the average of 2.75 million tonnes ...

Source: Agri