Grain Highlights 20.09.2024

According to a forecast by Ukroliyaprom, the 2024/25 oilseed production in Ukraine will be 20.32 – 21.6 million tons (21.69 million in 2023/24).

- As of 18.09.2024, Russia has harvested 102 million tons of grain (119.8 million a year earlier) from nearly 75% of the fields. The sunseed production is 3.7 million tons (1.4 million), and rapeseed productions reaches 3 million tons (2.7 million). Winter cereal planting has been completed on 7.5 million hectares (7.9 million), with a target of 20 million hectares.

- For the week of 25.09 – 01.10.2024, the export tax on Russian wheat will be 1,076.7 rubles/ton (956.9), barley remains without a duty, and the export tax on corn is 292.7 rubles/ton (446.3).

- As of 19.09.2024, Ukraine has harvested 7.511 million hectares of grain, which is 68% of the total area. 31.875 million tons of grain have been harvested, with an average yield of 4.24 tons/hectare, compared to 4.36 tons/hectare a year earlier. Corn has been harvested from 13% of the areas, with 2.4 million tons of grain and a yield of 4.66 tons/hectare. The wheat production has increased to 22.272 million tons, and barley production to 5.533 million tons. Sunseed has been harvested from 49% of the area, with 4.89 million tons of production and an average yield of 2.01 tons/hectare. Rapeseed has been fully harvested, with 3.438 million tons and a yield of 2.72 tons/hectare, while soybeans have been harvested on 49% of the areas, with 2.642 million tons and a yield of 2.04 tons/hectare.

- Between 01.07 – 20.09.2024, Ukraine exported 9.28 million tons of grain (5.902 million in 2023/24), including 1.814 million tons in September (1.315 million). Wheat exports totaled 5.267 million tons (1.484 million), barley exports reached 1.207 million tons (94,000), and corn exports were 2.549 million tons (0.213 million).

- As of 19.09.2024, Kazakhstan harvested over 9.1 million hectares of grain, collecting 13.5 million tons with an average yield of 1.47 tons/hectare. Wheat was harvested from 6.8 million hectares, producing 9.7 million tons with a yield of 1.41 tons/hectare, and barley from 1.5 million hectares, yielding 2.5 million tons with a yield of 1.65 tons/hectare. Notably, in recent years, the wheat yield has increased from around 1 ton/hectare to 1.4 tons/hectare.

- According to a forecast by Ukroliyaprom, the 2024/25 oilseed production in Ukraine will be 20.32 – 21.6 million tons (21.69 million in 2023/24). The soybean production is expected to be 5.1 – 5.5 million tons (4.75 million), sunseed production is projected at 11.8 – 12.5 million tons (12.76 million), and rapeseed production is estimated at 3.42 – 3.6 million tons (4.19 million).

- On 19.09.2024, Tunisia purchased 125,000 tons of soft wheat at prices ranging from 245.83 – 247.83 USD/ton C&F and 100,000 tons of durum wheat at prices between 338.68 – 346.49 USD/ton C&F.