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2022 08 22T114135Z 1 LYNXMPEI7L0E7 RTROPTP 4 UKRAINE CRISIS GRAIN HARVEST - Business Express

Traders cut Ukraine 2022 combined grain and oilseeds crop forecast


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

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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)

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