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Traders cut Ukraine 2022 combined grain and oilseeds crop forecast
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KYIV (Reuters) -Grain traders union UGA on Monday cut Ukraine’s 2022 combined grain and oilseeds crop forecast to 64.5 million tonnes from the previous outlook of 69.4 million due to a smaller than expected harvested area caused by the Russian invasion.
KYIV (Reuters) -Grain traders union UGA on Monday cut Ukraine’s 2022 combined grain and oilseeds crop forecast to 64.5 million tonnes from the previous outlook of 69.4 million due to a smaller than expected harvested area caused by the Russian invasion.
The union said in a statement that Ukraine could export 32.8 million tonnes of its key agriculture commodities in the 2022/23 season, including 10 million tonnes of wheat.
The government has said Ukraine could harvest at least 50 million tonnes of grain this year, compared with a record 86 million tonnes in 2021, because of the loss of land to Russian forces and lower grain yields.
UKRAINE 2022 GRAIN/OILSEED CROP FORECAST
commodity 2022 harvest (T) 2021 harvest (T)
Wheat 19,000,000 33,000,000
Corn 24,000,000 37,600,000
Barley 5,400,000 10,100,000
Sunflower seeds 9,000,000 16,900,000
Rape seeds 3,000,000 2,900,000
Soy beans 1,800,000 3,500,000
(Source – UGA)
(Reporting by Pavel Polityuk; Editing by Edmund Blair)
Grain refers to the seeds of cereal crops, such as wheat, corn, and barley, which are cultivated for food, animal feed, and other products.
Oilseeds are seeds that are grown primarily for the extraction of oil, such as sunflower seeds, soybeans, and rapeseeds.
War can disrupt agricultural production by damaging infrastructure, displacing farmers, and reducing access to land and resources.
An export projection is an estimate of the quantity and value of goods that a country expects to sell to other countries in a given period.
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