The harvest of corn, according to preliminary estimates of the Ministry of Agrarian Policy and Food, in 2024 will be 25 million tons, sunflower – 12 million tons, soybeans – 5 million tons, said Minister of Agrarian Policy and Food Vitaly Koval in an interview with Forbes Ukraina.
“Ukraine did not receive about 2% of early grains compared to last year’s harvest. This group did not suffer as much as late crops. Soybeans, buckwheat, corn and sunflower suffered the most. They have a shortfall of about 10-15% depending on the region. However, this is not critical for the food security of the country,” he said.
Koval expressed confidence that in the new season the structure of crops will not change globally compared to last year. At the same time, the Ministry of Agrarian Policy has concerns about winter rape: there is not enough moisture to sow it.
“In total, about 5 million hectares of winter crops will be sown,” summarized the Minister of Agrarian Policy.
In its September report, the U.S. Department of Agriculture (USDA) kept the forecast for the production of Ukrainian wheat in the 2021/22 year (July-June) at 33 million tonnes, and its exports at 23.5 million tonnes, which is in line with the Department’s forecast published in August. In the September report, the USDA also kept the forecast for the corn harvest in 2021/22 at 39 million tonnes, and its exports from Ukraine at 32 million tonnes.
As reported, from the beginning of 2021/22 and as of September 10, 2021, Ukraine exported 10.29 million tonnes of grains and legumes, which is 12% more than on the same date of the previous year. Some 5.92 million tonnes of wheat were exported (4.1% less than on the same date 2020/21), 2.99 million tonnes of barley (a rise of 24.7%), 1.34 million tonnes of corn (2.2 times up); 24,700 tonnes of flour (33.7% less).
The analytical agency UkrAgroConsult predicts a wheat harvest of 25.9 million tonnes for 2020 with exports of 17.5 million tonnes and a corn harvest of 36 million tonnes with exports of 29 million tonnes.
“The assessment of export potential for wheat is quite consolidated – 17.5 million tonnes, this figure is fixed in a memorandum, an appendix to which has been recently signed. In any case, exports will be about 3 million tonnes lower than last year,” the UkrAgroConsult export for the grain market, Yelyzaveta Malyshko, said during the Black Sea Grain & Oil Trade 2020 international conference in Kyiv.
According to her, the start of the wheat export season was impressive, for example, from July 1 to August 28, some 4.16 million tonnes of wheat were exported, which is the highest figure for this period in the previous years.
“Now active export contributes to the fact that domestic prices for wheat in September are about $ 30 higher than last year and the demand remains. Expectations in this regard are quite optimistic. Forwards for December are now showing $ 225, but we cannot exclude autumn price deflection after the arrival of Canadian and then Australian wheat crop,” the expert said.
UkrAgroConsult’s estimate of the corn harvest for this year is 36 million tonnes.
The expert noted price expectations for corn are optimistic, however, a decrease in prices during the period of active harvesting cannot be ruled out.
