Ukraine Faces Drop in 2024 Corn Harvest Due to Drought

The Ukrainian Agrarian Council forecasts a significant drop in Ukraine's 2024 corn harvest, potentially falling to 20-21 million metric tons from 30 million tons in 2023 due to prolonged drought conditions. July's heatwave is expected to reduce late crop yields by about 30%.

Ukraine's corn harvest in 2024 is projected to decline sharply to between 20 and 21 million metric tons from approximately 30 million tons in 2023, according to the Ukrainian Agrarian Council.

The group cited ongoing drought conditions as a major factor. An abnormal heatwave in July has led producers to anticipate a 30% reduction in late crop yields.

The situation presents serious challenges for the country's agricultural sector and broader economy.

(With inputs from agencies.)