Business news from Ukraine

EXPERTS PREDICT GRAIN AND OILSEED HARVEST IN UKRAINE AT LEVEL OF 66 MLN TONS, WHICH IS 1.6 TIMES LESS THAN IN 2021

27 May , 2022  

Ukraine in 2022 can harvest a crop of 66 million tons of grain, leguminous and oilseeds, which is 1.6 times less compared to the record harvest over the years of independence in 2021, when 106 million tons were harvested.

As reported on the website of the association Ukrainian Club of Agrarian Business (UCAB) on Thursday evening, this year it is expected to produce 50.4 million tons of grains and legumes (1.7 times less than in 2021), and 16 million tons of oilseeds ( 41.2% less),

According to her, this year the wheat harvest is expected to be 18 million tons (-44% by 2021), corn – 25.7 million tons (-39%), barley – 5.2 million tons (-55%).

As for oilseeds, in 2022 it is expected to produce 10.6 million tons of sunflower (-35% by 2021), soybeans – 3.0 million tons (-14%), rapeseed – 2.7 million tons (-22% ).

According to the UCAB, soybean and rapeseed show the lowest rates of decline in the expected gross harvest. This is due to the relatively small mass of their crop, combined with a high price for it, which facilitates logistical issues when exporting these oilseeds.

The Association emphasized that the decrease in sown area in 2022 was due to the partial occupation of part of the territory of Ukraine by Russian troops, the inability to sow in fields mined by Russians, and also due to damage to the material and technical base of Ukrainian farmers.

In addition, this year, yields are expected to decrease by about 10% due to the inability of some farms to comply with all technological procedures.

“In any case, the grown grains and oilseeds will be enough to meet the domestic needs of Ukrainians, as well as partial export sales. The main thing is that exports recover to their previous volumes, and farmers have sufficient financial resources to carry out the next sowing season,” summed up the UCAB in forecast

As reported, in 2021 Ukraine harvested a record harvest of grains, legumes and oilseeds in the amount of 106 million tons: grains and legumes – UAH 84 million and oilseeds – 22.6 million tons.

In 2020, the harvest of grains, legumes and oilseeds amounted to 84 million tons, including grains and legumes – 65.5 million tons, oilseeds – 18.5 million tons.