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For 2020/21 oilseeds will remain a top choice for Ukrainian farmers due to higher profitability compared to grains.
Ukraine harvested a record-breaking volume of wheat and barley for MY2019/20, while corn production was similar to the MY2018/19 volume.
Ukraine introduced export restrictions for wheat at 20.2 million metric tons (MMT) until the end of marketing year (MY)2019/20.
Ukraine is a developing country with a market-oriented economy. Following several years of recovery from the 2014 – 2015 economic crisis, the retail food sector has recently demonstrated slow growth.
The Government of Ukraine (GoU) abolished the existing sugar quota regime, which was coupled with price supports in the form of minimum prices for both refined sugar and sugar beets.
Fluid milk production in Ukraine is expected to decline slightly in 2018 and 2019.
This report contains revised production and trade forecasts for MY2018/2019, as well as updated trade estimates for MY2017/2018.