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- (-) April 2020
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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.
Total European Union (EU) oilseeds area in MY 2020/21 is forecast to remain essentially flat compared to the previous year.
Ukraine introduced export restrictions for wheat at 20.2 million metric tons (MMT) until the end of marketing year (MY)2019/20.
With the onset of the COVID-19 pandemic, it is difficult to generalize consumer behavior and market developments across all 27 EU Member States.
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.