BLACK SEA GRAIN.KYIV: what to expect from the new season

Source:  AgroPortal.ua

The key event for the agribusiness of Ukraine and the Black Sea region brought together the main players of the grain and oilseed markets in Kyiv, who know firsthand what it is like to build a business in a storm.

According to analysts, the current 2024/25 season can be called relatively successful for many Ukrainian agricultural producers. During the season, prices of major grain crops increased by almost one and a half times, which resulted in better profitability compared to the previous season. Corn prices rose particularly strongly.

It is the margin that will be the main driver of the increase in corn acreage for the next harvest. In particular, UkrAgroConsult analysts forecast an increase in the area under this crop by 4-5% compared to the previous season.

The main competition for spring areas will traditionally be between corn and sunflower. According to experts, the sunflower area will also increase year-on-year, as the demand for sunflower was extremely high during the season, and the peak prices were almost 60% higher than the starting prices.

The opposite is true for soybeans, where a record harvest in Ukraine and globally did not allow for profit and reduced its attractiveness.

UkrAgroConsult notes that, if the weather and the enemy do not get in the way, the 2025 grain and oilseed harvest could be 5-10% higher than last year’s, which means an increase in export potential. Given the increase in forward prices of the new harvest by 20-35% over last year’s, export revenues could grow significantly in the coming season. This will support not only the agricultural sector, but also Ukraine’s economy as a whole.

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