Latest news with #ASAPAgri
Yahoo
03-06-2025
- Business
- Yahoo
Exclusive-Ukraine's 2025 grain harvest may fall 10%, minister says
By Pavel Polityuk KYIV (Reuters) -Ukraine's 2025 grain harvest may decrease by 10% to around 51 million metric tons compared to 56.7 million tons in 2024, according to the most pessimistic estimates, Ukrainian agriculture minister Vitaliy Koval said on Tuesday. Ukraine is a global producer of grains and oilseeds, but the harvest is highly dependent on favourable weather conditions during both the autumn sowing and spring months. Military risks associated with the ongoing Russian invasion are also reducing output as farmers are afraid or unable to plant and harvest crops. Significant areas have also been seized or mined. "A difficult season awaits us. An abnormally warm winter, first there was no humidity, then prolonged rains delayed the sowing campaign in some regions for two weeks. Therefore, we expect a decrease in the harvest," Koval told Reuters. "The most negative forecast is minus 10%. According to expectations the harvest of grain is minus 10%, oilseeds minus 5%. It's definitely not a failure, but God willing we will harvest everything," he said. Giving the first detailed forecast, for 2025 Koval said Ukraine could harvest around 26 million tons of corn, 4.5 million tons of barley, 1.5 million tons of minor grains, 11.5 million tons of sunflower seeds, and 11 million tons of sugar beet. He said the wheat harvest may be between 20 and 22 million tons and the final figure would depend on weather and war-related factors. Koval said the 2025 overall oilseed crop could decrease to around 20.16 million tons from 21.18 in 2024, partially due to a decrease in the rapeseed crop by 600,000 tons. Ukraine is the world's largest sunflower oil exporter. The minister declined to provide Ukraine's 2025/26 grain export forecast, based on an as yet unclear final harvest figure, but analysts say exports will total 40.9 million tons, including 15 to 15.5 million tons of wheat. Analyst ASAP Agri said last week Ukraine's wheat exports were expected to fall in the 2025/26 July-June season due to possible changes in the EU's import policy, uncertain harvest prospects and a better crop outlook in EU importing countries.
Reuters
03-06-2025
- Business
- Reuters
Exclusive: Ukraine's 2025 grain harvest may fall 10%, minister says
KYIV, June 3 (Reuters) - Ukraine's 2025 grain harvest may decrease by 10% to around 51 million metric tons compared to 56.7 million tons in 2024, according to the most pessimistic estimates, Ukrainian agriculture minister Vitaliy Koval said on Tuesday. Ukraine is a global producer of grains and oilseeds, but the harvest is highly dependent on favourable weather conditions during both the autumn sowing and spring months. Military risks associated with the ongoing Russian invasion are also reducing output as farmers are afraid or unable to plant and harvest crops. Significant areas have also been seized or mined. "A difficult season awaits us. An abnormally warm winter, first there was no humidity, then prolonged rains delayed the sowing campaign in some regions for two weeks. Therefore, we expect a decrease in the harvest," Koval told Reuters. "The most negative forecast is minus 10%. According to expectations the harvest of grain is minus 10%, oilseeds minus 5%. It's definitely not a failure, but God willing we will harvest everything," he said. Giving the first detailed forecast, for 2025 Koval said Ukraine could harvest around 26 million tons of corn, 4.5 million tons of barley, 1.5 million tons of minor grains, 11.5 million tons of sunflower seeds, and 11 million tons of sugar beet. He said the wheat harvest may be between 20 and 22 million tons and the final figure would depend on weather and war-related factors. Koval said the 2025 overall oilseed crop could decrease to around 20.16 million tons from 21.18 in 2024, partially due to a decrease in the rapeseed crop by 600,000 tons. Ukraine is the world's largest sunflower oil exporter. The minister declined to provide Ukraine's 2025/26 grain export forecast, based on an as yet unclear final harvest figure, but analysts say exports will total 40.9 million tons, including 15 to 15.5 million tons of wheat. Analyst ASAP Agri said last week Ukraine's wheat exports were expected to fall in the 2025/26 July-June season due to possible changes in the EU's import policy, uncertain harvest prospects and a better crop outlook in EU importing countries.
Al Arabiya
03-04-2025
- Business
- Al Arabiya
Ukraine's corn could benefit from US tariffs: Analyst
Ukrainian corn, a key element in the country's grain sector, could benefit from the tariffs imposed by the US, as it is able to partially substitute for US corn if retaliatory sanctions are imposed, analysts said on Thursday. US President Donald Trump announced a 10 percent minimum tariff on most imports, with significantly higher duties on goods from dozens of countries including China, which is likely to prompt countermeasures potentially driving up prices and reducing demand for US goods. Ukraine is a major global corn grower and exporter. 'If key importers do end up imposing tariffs on US corn, it will open a huge window of opportunity for alternative suppliers,' ASAP Agri consultancy said in a statement. 'Ukrainian corn is in a strong position here: competitive pricing, stable logistics, and close ties with the European Union and Asian markets,' it added. The consultancy said Brazil is first in line, but its harvest cannot cover all the demand and that is where Ukraine can step in and claim its share. Another consultancy, Barva Invest, said Ukraine perceives the US as an export competitor in the grains and oilseeds market, not a trading partner, and potential counter-restrictions by other countries on US exports will have the greatest impact. It added that the EU, Australia and China are most likely to impose such measures which opens up strategic opportunities for Ukraine where it competes directly with the US 'First of all, this is the market for corn, soybeans and wheat, more indirectly for rapeseed, sunflower oil and barley,' Barva Invest said on Telegram messenger. Ukraine produced 32 million metric tons of corn in 2023 and 26 million tons in 2024. The country exported almost 30 million tons in the 2023/24 season and is likely to ship abroad 22 million tons in 2024/25, according to the UCAB business association. Farmers are likely to increase areas sown for corn this year as corn export prices are lucrative. Ukraine also harvested a record 6.2 million tons of soybean in 2024 and around half of the volume could be exported this season. Ukraine's 2025 soybean crop could be between 5.8 and 6.2 million tons and the final volume will depend on the presence or absence of rain in May and June.
Reuters
03-04-2025
- Business
- Reuters
Ukraine's corn could benefit from US tariffs, analyst says
KYIV, April 3 (Reuters) - Ukrainian corn, a key element of the country's grain sector, could benefit from the tariffs imposed by the U.S., as it is able to partially substitute for U.S. corn if retaliatory sanctions are imposed, ASAP Agri analysts said on Thursday. Ukraine is a global major corn grower and exporter. U.S. President Donald Trump announced a 10% minimum tariff on most U.S. imports, with significantly higher duties on goods from dozens of countries including China, which is likely to prompt countermeasures potentially driving up prices and reducing demand for U.S. goods. "If key importers do end up imposing tariffs on U.S. corn, it will open a huge window of opportunity for alternative suppliers," ASAP Agri said in a statement. "Ukrainian corn is in a strong position here: competitive pricing, stable logistics, and close ties with the European Union and Asian markets," it added. The consultancy said Brazil is "first in line", but its harvest simply cannot cover all the demand and that is exactly where Ukraine "can step in and claim its share". Ukraine produced 32 million metric tons of corn in 2023 and 26 million tons in 2024. The country exported almost 30 million tons in the 2023/24 season and is likely to ship abroad 22 million tons in 2024/25, according to the UCAB business association. Farmers are likely to increase area sown for corn this year as corn export prices are lucrative.
