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Traders cut Ukraine 2022 combined grain and oilseeds crop forecast

Published by Wanda Rich

Posted on August 22, 2022

1 min read

· Last updated: February 4, 2026

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Traders analyzing Ukraine's reduced grain and oilseeds crop forecast - Global Banking & Finance Review
This image depicts traders reviewing the latest forecast for Ukraine's 2022 grain and oilseeds crop, which has been cut due to the impact of the Russian invasion. Key commodities include wheat and corn.
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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 […]

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

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)

Frequently Asked Questions

What is grain?
Grain refers to the seeds of cereal crops, such as wheat, corn, and barley, which are cultivated for food, animal feed, and other products.
What are oilseeds?
Oilseeds are seeds that are grown primarily for the extraction of oil, such as sunflower seeds, soybeans, and rapeseeds.
What is the impact of war on agriculture?
War can disrupt agricultural production by damaging infrastructure, displacing farmers, and reducing access to land and resources.
What is an export projection?
An export projection is an estimate of the quantity and value of goods that a country expects to sell to other countries in a given period.

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