Ukraine predicted a sharp drop in the harvest due to a special operation

Published 2022년 4월 11일

Tridge summary

Ukraine's agricultural sector is expected to experience a significant decline in crop yields for 2022, with some crops potentially seeing a 50% reduction from 2021. This is due to the lack of fuel, fertilizers, and mining of cultivated areas, as well as the occupation of some territories by Russian troops. The result will be a significant decrease in the production of cereals, wheat, sunflower, and oilseeds, with estimates ranging from a 30% to 55% drop. The closure of most Ukrainian seaports and logistical challenges have further complicated the situation. This decline could lead to a global food shortage and a surge in prices, particularly affecting countries already struggling with hunger and famine.

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

Original content

Yields of key agricultural crops in Ukraine will fall sharply in 2022 - some of them could be halved compared to 2021 levels, experts interviewed by Bloomberg said. Prior to the start of the special operation, the country was one of the world's largest exporters of corn, sunflower oil and wheat. Ukrainian farmers have recently started sowing corn and sunflower, but its volumes are significantly less than the norm due to a lack of fuel and fertilizers, as well as the presence of field mines in the cultivated areas. Some of these territories, where crops were sown a few months before the special operation, are currently occupied by Russian troops. In this regard, analysts predict a decline in cereal production by 30-55 percent, depending on the crop. According to the expectations of analysts from the Ukrainian company Barva Invest, the wheat harvest could reach 16.7 million tons - about half of last year's volume. The agricultural holding Maxigrain predicts that the sunflower ...

Source: Zol