This year, Ukraine grew 6% of the world’s grain production.

Thhe Ukrainian Grain Association (UGA) notes that in 2023 farmers produced 81 million tons of gross grain harvest.

“Ukraine is located on such soils that we depend on weather factors more than technologies. Technologies in Ukraine have advanced over the past 20-30 years and helped to grow 100 million tons compared to 30 million tons a few decades back. This year, Ukrainian farmers were lucky with the weather, leading to the higher-than-average-yield for all crops. We harvested a record yield for each crop type,” said the head of the Grain Association.

He said this allowed the country to compensate for the loss of six million hectares of arable land.

At the same time, more than 2.5 billion tons of grain are produced worldwide; Ukraine accounts for about 5-6% of the world’s grain market. UGA hopes that the 2023-2024 marketing year will equalize global prices and that Ukrainian agricultural producers will not suffer losses.