The increase in prices for grain, oilseeds, and corn in Ukraine will last until the new harvest in June 2021

Published 2021년 4월 11일

Tridge summary

The article highlights the insights of Ivan Miroshnichenko, Chairman of the Business-Guard NGO, who forecasts a significant increase in the prices of grain, oilseeds, and corn until the new harvest in June 2021, with an estimated rise of 15-25%. This situation is expected to cause a ripple effect, impacting up to 15-25% of various consumer goods. The current state of Ukraine's wheat market is discussed, with 12.3 million tons already exported, covering 70% of total exports and leaving 9-10 million tons for internal consumption. The article also touches on the factors contributing to consumer price growth in Ukraine.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The increase in prices for grain, oilseeds and corn will last until the new harvest - until June 2021. Ivan Miroshnichenko, Chairman of the Board of the Business-Guard NGO, shared this opinion in a comment for AgroPolit.com. According to him, the cost of the above product categories will range from 15-25% and will last until the new harvest (until June 2021). There will be no famine, but prices will rise by 15-25% for various categories of consumer goods. It will be recalled that, according to the State Statistics Service, the growth of consumer prices in February 2021 as a percentage of the previous month was: 7.6% - sunflower oil; 3.5% - fruits, 6.3% - vegetables; 2.8% - bread; 5.5% - sugar; 1.5% - fish and fish products; 1.3% - pasta and butter. Wheat production - 25-26 million tons, export expectations - 16.5-17 million tons, of which 12.3 million tons have already been exported. The entire export surplus will be exported by mid-spring 2021. 12.3 million tons of grain or more ...

Source: Agropolit