Will Ukrainian grain production begin to plummet this year?

Grains, Cereal & Legumes
Market & Price Trends
Published Apr 21, 2024

Tridge summary

Ukraine is expected to see a decrease in its grain harvest from 58 million tons in 2023 to 52 million tons in 2024, a 10% drop, as reported by the Kyiv Ministry of Agriculture. This decline is due to a reduction in the sowing area, particularly with a 4.5% decrease in corn acreage. The ministry suggests farmers adjust their crop choices, notably by planting less spring wheat and sunflower and more spring barley and soybeans, the latter being the only profitable crop in 2023. The forecasted harvest includes 27 million tons of corn, 19 million tons of wheat, and 5 million tons of barley. Additionally, Ukraine's role as a top producer and exporter of sunflower oil could be affected by decreasing sunflower oil prices and a recommended slight reduction in sunflower acreage. Overall, the combined grain and oilseed harvest is anticipated to drop to 76.1 million tonnes in 2024 from 82.6 million the previous year, well below 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 52 million tons this year from 58 million tons in 2023. The reason for this is mainly the expected smaller sowing area - the Kyiv Ministry of Agriculture announced the first official harvest forecast for 2024. This would mean a ten percent drop. The ministry said last month that corn acreage is likely to fall 4.5 percent to 3.863 million hectares this year from 4.043 million in 2023. Farmers can also reduce acreage for spring wheat and sunflower, but are advised to increase acreage for spring barley and soybeans. According to the ministry's crop forecast, 27 million tons of corn, 19 million tons of wheat and 5 million tons of barley can be harvested in the country this year. Ukraine has not released final harvest results for 2023. The latest data put the wheat harvest at around 22.5 million tons. Farms also harvested 5.9 million tons of barley and 28.2 million tons of corn. According to the ministry, farmers can harvest 4 million tons ...
Source: AgroForum
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