Harvest forecast: Ukraine expects about 74 million tons of grain and oil

Ukraine is preparing for the next agricultural season with optimism. According to preliminary forecasts of the Ministry of Agrarian Policy, in 2024 the gross production of grain and oil crops will reach about 74 million tons. Of this volume, about 52.4 million tons fall on cereals and 21.7 million tons on oil crops.

It is predicted that this year grain production will consist of the following volumes: wheat – 19.2 million tons, barley – 4.9 million tons, and corn – 26.7 million tons. Compared to last year, these numbers are lower due to some factors such as changes in acreage and growing conditions.

Regarding oil crops, the production of soybeans is expected to increase to 5.2 million tons, sunflower - 12.4 million tons, and rapeseed - 4.1 million tons. Compared to last year, these figures indicate a slight decrease in rapeseed and sunflower production.

As for cultivated areas, it is assumed that their total area will be about 10.6 million hectares. Changes in crops occurred in both grain and oil crops. In particular, soybean acreage increased, while sunflower and rapeseed acreage remained stable compared to the previous year.

The increase in production is expected to help ensure stability in the market for grain and oil crops in the next agricultural season. Implementation of these forecasts will contribute to the development of agriculture and support of the country's economy.