Business news from Ukraine

Business news from Ukraine

Ministry of Agrarian Policy of Ukraine has again improved forecast of grain and oilseed crops harvest

10 August , 2023  

The Ministry of Agrarian Policy and Food of Ukraine has updated its forecast for gross production of grain and oilseeds. This year Ukrainian agrarians can harvest about 56.4 million tons of grains, as well as 20.3 million tons of oilseeds, the ministry’s press service reported.

“At the beginning of spring 2023, the total gross harvest for the current year was projected at 63.5 million tons, which was 13% less in relation to the indicator of 2022. In June, after harvest began, the forecast was raised to 68 million tons, which was 7% less than the 2022 figure. Now, thanks to favorable weather conditions, there is every reason for another change in the forecast in a positive direction to 76.7 million tons, which is 5% more than the figure of 2022,” – noted on the website of the Ministry.

According to the report, despite the fact that the total area of sown spring and winter cereals this year was less by 980 thousand hectares than last year and amounted to 10,895 thousand hectares, weather conditions contributed to almost record yields of grain crops (up to 51.8 c/ha), which allows to significantly increase the volume of crop production.

According to preliminary estimates of the Ministry of Agrarian Policy, in 2023 agrarians will be able to harvest grain in the following volumes: wheat – 20.9 million tons, barley – 5.8 million tons and corn – 28.1 million tons.

Gross production of oilseeds, according to the Ministry’s forecasts, will reach 20.3 million tons, in particular, sunflower – 12 million tons, rapeseed – 4 million tons, soybeans – 4.2 million tons.

Agrarians will harvest 13.7 million tons of sugar beet this year.

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