Ukraine Expects Bumper Crop in 2023: Grain and Oilseed Harvest Forecast Revised Up

Agriculture – Larger Ukrainian crop

Ukraine’s Grain Association revised up its 2023 grains and oilseed harvest forecast by 3.7mt to 80.5mt on better yield prospects along with favourable weather conditions. Ukraine harvested around 73.8mt of grains and oilseed in 2022. For wheat, the association now estimates the harvest to rise by 9% YoY to 22mt with potential exports of 16mt including 4.4mt of carryover stocks. Meanwhile, the corn harvest is projected to grow by 4% YoY to 28mt and roughly 22mt could be used for exports. Meanwhile, unsurprisingly there was no breakthrough in talks between Turkey and Russia to restart the Black Sea Grain deal.