Forecast for the harvest of oil seeds in Ukraine in 2024/25 MR: significant growth is expected

Forecast for the harvest of oil seeds in Ukraine in 2024/25 MR: significant growth is expected

Introduction

The Ukrainian agro-industrial sector is on the verge of significantly increasing the yield of oil crops in the 2024/25 marketing year (MR). According to forecasts of the association “Ukroliyaprom“, the total production of the main types of oil crops will reach 22.5 million tons, which is 3.8% higher than the previous season. The relevant data were provided by the State Statistics Service of Ukraine (State Statistics Service).

Sunflower: Strategic culture for Ukraine

Sunflower remains a key oil crop for Ukraine, occupying a significant part of the cultivated area. In 2024/25 FY, the sunflower yield is forecast to increase to 13 million tons, which is 2% more compared to 2023/24 FY.

Reasons for the growth of sunflower production

1. Increase in planted area: The area under sunflower will increase to 5.3 million hectares, which is 2% more compared to the previous season.
2. High yield: The yield is expected to remain at the level of 24.5 quintals per hectare (c/ha), indicating stable agricultural technical development.

Soybeans: The leader in growth rates

A particularly significant increase in production is expected for soybeans. According to experts’ forecasts, their production will grow by 7.5%, reaching 5.1 million tons in 2024/25 MY.

Factors affecting the increase in soybean yield

1. Expansion of cultivated areas
2. Stable yield

Rapeseed: Production reduction is possible

Despite the overall positive background, a reduction in the rapeseed harvest is forecast. Rapeseed production may decrease by 2% to 4.1 million tons.

Reasons for a possible reduction in rapeseed production

1. Reduction of cultivated areas
2. Stable yield: The yield of rapeseed will remain at the level of 29.2 t/ha, which indicates stable agricultural technical conditions, but the reduction of sown areas will negatively affect the total volume of production.

Economic aspects of increasing the yield of oil crops

An increase in the yield of the main oil crops will have a positive effect on the economy of Ukraine.

Firstly, this will increase the country’s export potential, because oil crops are an important item of Ukrainian exports.

Impact on the domestic market

1. Oil prices: An increase in the harvest will contribute to the stabilization of oil prices within the country, which will have a positive effect on consumers.
2. Development of the processing industry: An increase in the volume of raw materials will stimulate the development of the processing industry, which will create additional jobs and increase the added value of products.

Export opportunities

Ukraine is traditionally one of the leading exporters of oil crops. An increase in yield will strengthen the country’s position on international markets.

1. Competitiveness: An increase in production volumes will reduce the cost of production, which will make Ukrainian oil more competitive on world markets.
2. Expansion of sales markets

Agricultural technical innovations and their impact on productivity

The high yield of the main oil crops is largely due to the use of modern agricultural technical innovations.

Modern agricultural technical solutions

1. High-yielding varieties
2. Soil cultivation technologies
3. Irrigation systems

Environmental aspects

An important component of agricultural technical innovations is the environmental component. Modern methods of farming contribute to reducing the negative impact on the environment.

1. Preservation of biodiversity
2. Waste recycling

Conclusions and perspectives

The increase in the production of the main oil crops in 2024/25 MR is a positive signal for the agro-industrial sector of Ukraine. Increasing the yield of sunflower and soybeans will contribute to the strengthening of the country’s economic position, the development of the processing industry, and the expansion of export opportunities. Despite the possible reduction in rapeseed production, the overall outlook is encouraging.

Strategies for the future

For the further development of the agro-industrial sector, it is necessary to continue the implementation of modern agricultural technical innovations aimed at increasing productivity and reducing the environmental burden. It is also important to focus efforts on expanding sales markets and increasing the competitiveness of Ukrainian products on international markets.

Ukraine has all the prerequisites for becoming a world leader in the production and export of oil seeds, and the implementation of these strategies will contribute to the achievement of this goal.