On Tuesday, APK-Inform, a consultancy, predicted that the cultivated area of sunflower seeds in Ukraine might drop to 4.2-4.4 million hectares in 2022, with a decrease of 35% YOY, the lowest level in 13 years.

The decreasing cultivated area of soybeans may not be prominent because the main soybean-producing areas are located in the central and western regions. The Company estimates that the cultivated area of soybeans in Ukraine will be 12 million hectares in 2022, a decrease of 11% YOY.

The production prospect of rape seeds may be even worse. Although farmers have planted 1.4 million hectares of rape seeds, the highest in 12 years, Approximately half of cultivated land of rape seeds is located in the conflict zone, so the proportion of crop loss therefrom may be high.