The agricultural sector of Ukraine will be restored within seven years

Published 2023년 6월 15일

Tridge summary

The agricultural sector in Ukraine is facing significant losses due to the ongoing war, with some sectors likely not to return to pre-prewar levels for up to 20 years, according to the Kyiv School of Economics. The simulation predicts that sunflower, barley, and wheat sectors may recover by 2040, while maize, rye, oat, and canola sectors may recover by 2050. The war has led to a decrease in agricultural land, with grain and oil crop areas expected to further reduce. Despite these challenges, exports of wheat, corn, and barley are expected to increase, but may not reach pre-war levels until 2030. The total crop area is projected to recover by 2030, with corn, wheat, and barley remaining the main crops until 2050.

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Original content

The agricultural sector of Ukraine is losing resources due to the war. Some sectors will not return to pre-war levels even after 7 years of peace. Such simulation results were presented by the Kyiv School of Economics (KSE). “The sunflower, barley and wheat sectors are expected to recover by 2040 through market forces alone. By 2050, at current world market trends and the level of destruction caused by the war, the maize, rye, oat and canola sectors are expected to recover, with wheat, barley and sunflower production increasing, while soybean production is likely to decline significantly. This means that it may take up to 20 years for Ukraine to regain its position in agriculture after the destruction caused by the Russian military invasion," experts say. Before the invasion of the Russian Federation, the areas under grain and oil crops were, respectively, about 24 million hectares and 9 million hectares, in 2022 - 18 million hectares and 7 million hectares. As the war continues, ...

Source: Landlord