Ukraine's Ministry of Agriculture raised its grain production forecast by 7%

Ukraine's Ministry of Agriculture announced on June 14 that it had raised its grain production forecast by 7% for the upcoming 2024-25 marketing year, which begins July 1.

Taras Vysotsky, acting agriculture minister, said in a press release that production in the war-torn country had been revised upward to 56 million tons, up from 52.6 tons in the previous estimate. The forecast includes 21 million tons of wheat, 28.5 million tons of corn and 5 million tons of barley.

He also noted that total exports of agricultural products, including grains, oils and oilseeds, are expected to exceed 60 million tons. Including 25 million tons of corn and 15 million tons of wheat.

Despite Russian attacks on Ukrainian infrastructure, Ukraine managed to maintain significant volumes of grain exports. Ukraine remains the world's fourth-largest corn exporter and sixth-largest wheat exporter in 2023-24, according to the USDA.