Business news from Ukraine

Business news from Ukraine

UKRAINE IN THE CURRENT SEASON WILL COLLECT APPROXIMATELY 65 MILLION TONS OF CROPS

13 June , 2022  

Grain harvest in Ukraine in 2022 will be approximately 65 million tons, including up to 50 million tons of grains and 15-15.3 million tons of oilseeds, which is less than the record previous year, but comparable to the harvests harvested in the country in the current decade.
“Maybe about 48-50 million tons of grain in total. Of course, this is less than in previous years, when we are used to 60-75-85 million tons, but if we take a ten-year history, when we had 40-45 million , then this is not critical,” First Deputy Minister of Agrarian Policy and Food Taras Vysotsky said on the air of the national UA-marathon on Monday.
He specified that this season’s corn harvest is expected to be about 24 million tons, 18-20 million tons of wheat, and about 5 million tons of barley.
According to Vysotsky, it is also expected to produce about 10 million tons of sunflower, 2.5-2.8 million tons of soybeans and about 2.5 million tons of winter rapeseed.
“These are average indicators, looking at the average statistical indicators of previous years, and we will correct them upon the fact of harvesting,” the deputy minister specified.
As reported, the U.S. Department of Agriculture (USDA), in a report published last week for June, raised its forecast for Ukrainian corn crop this year by 5 million tons compared to a month ago forecast – up to 25 million tons, while maintaining export estimates at 9 million tons.
In early June, the Ukrainian Grain Association (UGA) increased the forecast for grain and oilseeds harvest in Ukraine this season by 5.2% compared to the April forecast of 63 million tons – up to 66.5 million tons.
According to UGA forecasts, in 2022, a wheat harvest is expected at the level of 19.2 million tons (+5.2% compared to the April forecast of the organization); 26.1 million tons of corn (+13%); 6.6 million tons of barley (+6%); 9 million tons of sunflower (-8.8%); 2.1 million tons of soybeans (+16.6%); 1.5 million tons of rapeseed (forecast kept).