Ukraine’s farm output could take 20 years to recover

Published Jun 16, 2023

Tridge summary

A research center in Kyiv predicts that Ukraine's agricultural sector may take 20 years or more to recover from the damage caused by the Russian invasion. The war has significantly diminished the country's production of wheat, corn, sunflower, and sunflower oil. According to the research, some sectors may not return to their previous levels for seven years or more. The sectors expected to recover by 2040 include sunflower, barley, and wheat. Meanwhile, the maize, rye, oats, and rapeseed sectors are predicted to recover by 2050. Ukraine's grain and oilseed harvest is projected to decrease from 106 million tonnes in 2021 to around 65 million tonnes in 2023.

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

Original content

Ukraine’s agricultural sector could take 20 years or more in parts to recover from the ravages of Russia’s full-scale invasion, according to a Kyiv-based research centre. Ukraine is a major global grower and exporter of wheat, corn, sunflower and sunflower oil, but its production has fallen sharply since the war start in February 2022. “According to the modelling results, some of the sectors will not reach the pre-war levels even after seven years of peace,” Kyiv School of Economics said in a report. It said the sunflower, barley and wheat sectors were expected to recover by 2040, while the maize, rye, oats and rapeseed sectors were expected to recover by 2050. “This means that it may take as long as 20 years for Ukraine to regain its strength in agriculture after the devastation brought by the Russian ...

Source: Hellenic Shipping News