Buckwheat crop in Ukraine expected to hit an all-time low
EN UK RU

+38 (044) 364-55-85

Регистрация

one-news

Buckwheat crop in Ukraine expected to hit an all-time low

person

Author:

Maryna Sych

UkrAgroConsult

Grain Market Analyst

Buckwheat planting in Ukraine has ended far behind the target. Farmers only planted 57% of projected area to this crop, specifically 55 Th ha (45% less than by the same date last year), reports UkrAgroConsult.

According to UkrAgroConsult’s estimates, these record small plantings of buckwheat will bring its crop down to an all-time low.

This harvest will not be enough for meeting domestic demand, therefore it will be necessary to step up imports of buckwheat and derived products.

Noteworthy is that Ukraine imported 48 KMT of buckwheat and derived products in the 2017/18 season, mostly from CIS countries. At the same time, that season’s buckwheat output in Ukraine was quite enough for meeting domestic needs. Growth in imports along with already adequate domestic supply of buckwheat provoked a slump in prices for this commodity. This has caused a further decrease in profitability of its growing and consequently slashed its acreage over the past two years.

Full version of the article is available to subscribers for Online Analytics “Black Sea Grain” in the new innovative platform AgriSupp.com by UkrAgroConsult. AgriSupp is a reliable analytical tool for agri market participants that contains historical and current market data, daily updates on grain, oilseed and pulses markets. We offer 2-week trial! Completely free!

 

UkrAgroConsult

 

Share in social media:

More market news:

If you have any questions, please contact us:

Leave us a message, and our manager
will contact you as soon as possible.