Business news from Ukraine

Business news from Ukraine

UKRAINE’S GRAIN HARVEST FORECAST INCREASES TO 94 MLN TONNES, EXPORTS TO 57.2 MLN TONNES

The Ukrainian Grain Association (UGA) in the April report updated its forecast for the harvest of grain and oilseeds in the 2020/2021 marketing year (MY) compared to March, to 94 million tonnes from 92.6 million tonnes.
According to the association’s Thursday press release, the forecast for grain and oilseeds exports for next season is also increased from 55.6 million tonnes to 57.2 million tonnes.
According to the association, in the current marketing year, Ukraine produced 98 million tonnes of grain and oilseeds, exports can reach 60 million tonnes.
The association said that a slightly decrease in the forecast for the harvest of grain and oilseeds in 2020 does not change the upward trend of the last three years, when Ukraine harvested more than 90 million tonnes. In the medium term, gross harvest in the country will approach 100 million tonnes and will continue growing.
The forecast for the harvest and export of wheat in the next marketing year has not changed compared to the March report and will reach 25.8 million tonnes and 18 million tonnes, respectively.
The association said that in 2019, Ukraine had a record-hitting wheat harvest of 28.2 million tonnes, and exports, according to its estimates, will reach 20.2 million tonnes in the 2019/2020 marketing year.
The forecast for corn harvest in the April report of the association increased from 34.3 million tonnes to 36.8 million tonnes, and export for the next season from 27.5 million tonnes to 30 million tonnes. Thus, Ukraine in the 2020/2021 marketing year may break its own record for the current marketing year, when 35.2 million tonnes were harvested with an expected export of about 28.5 million tonnes, the association said.
At the same time, the association decreased the forecast for barley harvest compared to the previous month forecast from 7.96 million tonnes to 6.8 million tonnes, and export for the next season from 4.5 million tonnes to 3.5 million tonnes.
According to its estimates, in the current marketing year in Ukraine, some 9 million tonnes of barley were grown with the planned export of about 4.6 million tonnes.
The Ukrainian Grain Association is an association of producers, processors and large exporters of grain, which annually export about 90% of Ukrainian grain products.

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GRAIN HARVEST IN UKRAINE TOTALS 75 MLN TONNES IN 2019

Grain and leguminous crop harvest in Ukraine in 2019 was around 75 million tonnes compared with 70.1 million tonnes in 2018, according to the Ministry of Economic Development, Trade and Agriculture.
“According to the ministry, the grain harvest amounted to about 75 million tonnes, of which 54 million tonnes will be exported to foreign markets. We will receive final forecasts for grain production in March according to the State Statistics Service,” Deputy Minister of economic, Economic Development, Trade and Agriculture Taras Vysotsky said.
The ministry said that as of January 10, 2019 and from the beginning of the 2019/2020 agricultural year (July-June), Ukraine exported 32.08 million tonnes of grain, which is 7.8 million tonnes more than in the same period of the previous agri-year.
In particular, the following crops were delivered to foreign markets: 15.1 million tonnes of wheat, 12.8 million tonnes of corn, 3.8 million tonnes of barley, and 5,000 tonnes of rye.
In addition, 197,000 tonnes of wheat flour and other crops were exported, which is 68,500 tonnes more than in the corresponding period of the previous agri-year.

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UKRAINE GETS RECORD GRAIN HARVEST THIS YEAR – MINISTER

Ukraine as of November 28 had threshed 74.3 million tonnes of grain and leguminous crops from an area of 15 million hectares, exceeding the result of the grain harvest for the whole of 2018, when the gross harvest amounted to 70.1 million tonnes. “Some 74.3 million tonnes of grain and leguminous crops were harvested from an area of 15 million hectares, or 98% of the forecast, with the average yield being 4.93 tonnes/ha (4.7 tonnes/ha in 2018),” Minister of Economic Development, Trade and Agriculture Tymofiy Mylovanov said on his Facebook page.
As reported, the Ministry of Economic Development, Trade and Agriculture predicts grain harvest in 2019 at the level of 74 million tonnes, including 28.1 million tonnes of wheat and 35 million tonnes of corn.

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HARVEST OF GRAIN CROPS IN UKRAINE IN 2019 WILL BE 74 MLN TONNES

The harvest of grain and leguminous crops in Ukraine in 2019, according to preliminary data, will be about 74 million tonnes, which is 4 million tonnes more than in 2018, Economy Minister Tymofiy Mylovanov has stated.
“In particular, wheat will amount to 28.1 million tonnes (3.5 million tonnes more), corn to 35 million tonnes (800,000 tonnes less), and barley to 8.9 million tonnes (1.6 million tonnes more),” he wrote on Facebook.

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HARVEST OF GRAIN IN UKRAINE IN 2019 COULD RAISE TO 71.8 MLN TONNES

The harvest of grain and leguminous crops in Ukraine in 2019, according to preliminary data from the regions, could reach 71.8 million tonnes, which is 1.7 million tonnes more than in 2018, the Ministry of Agrarian Policy and Food has reported. According to the agency, wheat production may increase by 3.5 million tonnes, to 28.1 million tonnes, the yield of barley by 1.6 million tonnes, to 8.9 million tonnes, oats by 26,000 tonnes, to 444,000 tonnes, millet by 84,000 tonnes, to 165,000 tonnes.
At the same time, the ministry expects the reduction in the harvest of corn by 3 million tonnes, to 32.8 million tonnes, peas by 203,000 tonnes, to 572,000 tonnes, rye by 60,000 tonnes, to 333,000 tonnes, buckwheat by 52,000 tonnes, to 85,000 tonnes, rice by 6,000 tonnes, to 63,000 tonnes.
In addition, the forecast for rapeseeds in 2019 was raised by 472,000 tonnes, to 3.2 million tonnes, for sunflower seeds decreased by 589,000 tonnes, to 13.6 million tonnes, soybeans by 827,000 tonnes, to 3.6 million tonnes.
The Ministry of Agriculture expects that 9.8 million tonnes of sugar beets will be harvested, which is 4.2 million tonnes less than in 2018.
The forecast for potato was reduced by 2.2 million tonnes, to 20.3 million tonnes, vegetables by 575,000 tonnes, to 8.9 million tonnes.

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GRAIN HARVEST IN UKRAINE COULD HIT RECORD OF 80 MLN TONNES

Deputy Governor of the National Bank of Ukraine (NBU) Dmytro Sologub has said that grain harvest in Ukraine this year could reach 80 milion tonnes compared with 70.1 million tonnes in 2018. “This year, grain crops harvest in Ukraine could hit a record of 80 million tonnes, and this is not a coincidence, not a factor of favorable weather conditions, but rather an increase in the effectiveness of the agricultural sector, which has invested a lot in updating machinery and technologies in recent years,” the NBU said in a message on its Facebook page citing the deputy NBU governor.
In addition, according to Sologub, 80 million tonnes of grain is not the limit, and land reform can contribute to a significant increase in crop yields in the coming years.
As reported with reference to the Ministry of Agricultural Policy and Food, this year the harvest in Ukraine may reach 71.1 million tonnes (of which wheat – 27.8 million tonnes) compared to 70.1 million tonnes in 2018.

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