Ukraine's wheat crop may reach 25 million tonnes next year, maize area expected to increase and sunflower to remain normal: Agriculture Minister
19-Nov-2024 04:03 PM
Ukraine's wheat crop may reach 25 million tonnes next year, maize area expected to increase and sunflower to remain normal: Agriculture Minister
Ukraine's agricultural outlook for 2025 presents both opportunities and challenges. Here's a summary of key points:
Wheat Production: Ukraine's wheat crop is expected to rise from 22 million tonnes in 2024 to 25 million tonnes in 2025. This increase is attributed to improved growing conditions and efforts to expand sowing areas, which could reach 5 million hectares in 2025, compared to 4.6 million hectares in 2024.
Maize Production: Ukraine is a major producer of maize, but its maize sowing area has shrunk significantly due to difficulties in export logistics and market conditions. From 5.5 million hectares in 2021, the area dropped to 3.9 million hectares in 2024. However, the decline in maize prices due to a large soybean crop may encourage farmers to boost maize cultivation in 2025, as they seek to recover profitability.
Sunflower Sowing: Sunflower cultivation is expected to remain stable in 2025, with an estimated sowing area of 5.5 million hectares. Ukraine remains one of the world’s largest exporters of sunflower oil, and stability in sunflower production is important for the country's agricultural economy.
Soybean Growth: Soybean production has surged in recent years, reaching a record 6 million tonnes in 2024. While this boost in production has led to a drop in prices, it highlights Ukraine’s growing diversification in crop production, even though soybean prices may be less competitive on the global market.
This agricultural shift reflects Ukraine's resilience amidst the ongoing conflict and economic disruption. The strategic focus on wheat and potential recovery in maize production may help stabilize the sector in the coming years. However, challenges like export bottlenecks, price fluctuations, and logistical difficulties remain key concerns for Ukrainian farmers.
