Business news from Ukraine

Business news from Ukraine

Harvest of oilseeds in 2024 will amount to 22.5 mln tons – Ukroliyaprom

12 July , 2024  

In Ukraine, in 2024/25 marketing year (MY, July 2024 – June 2025), the harvest of seeds of major oilseeds will amount to 22.5 mln tonnes, up 3.8% compared to the previous season and higher than the forecast of 21.686 mln tonnes by the State Statistics Service, the industry association Ukroliyaprom said.
According to the industry association’s forecast, sunflower and soybean production is expected to grow this season, while the gross harvest of rapeseed may decline.
The largest increase in 2023/24 MY is expected for soybeans – 5.1 mln tonnes, up 7.5% compared to last year’s figure of 4.743 mln tonnes.
This growth is due to the increase in the planted area by 7.4% to 1.97 mln ha, while the oilseed yield will remain at the level of the previous season and amount to 25.9 c/ha, the experts explained.
According to the analysts’ forecast, the sunflower production in 2024 is expected to reach 13 mln tonnes, up 2% compared to 12.76 mln tonnes in the previous year. The yield of the oilseed will not change and will amount to 24.5 c/ha, while its area will expand to 5.3 mln hectares (+2%).
Ukroliyaprom forecasts the rapeseed harvest at 4.1 mln tonnes, which is 2% lower than in 2023/24 (4.184 mln tonnes). The projected decline in production will be due to a 4.3% decrease in oilseeds acreage to 1.37 mln ha, while rapeseed yield will remain at the level of last year and amount to 29.2 c/ha.

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