The war between Russia and Ukraine, the two major grain exporters, has hit the global grain supply. The war has caused a shortage of fertilizers and labor in Ukraine. Analysts predict that Ukraine’s grain harvest this year may be 50% lower than before the war. Although Ukraine has been hit by the war and the closure of Black Sea ports, However, the harvest and export volume of grains such as wheat were still considerable last year, but this year's production and shipments may shrink. Andrew Whitelaw, co-founder of agricultural analysis company Episode 3, said that Ukraine's wheat exports last year were quite good, but Production may drop by 20% this year as farmers reduce grain planting. Whiterow pointed out that Ukraine's lack of financing, shortages of fertilizers, fuel and labor, and the sharp drop in grain prices in Ukraine have reduced incentives for farmers to plant, which may affect this year's production and Export. Whiterow said that the acreage of corn and wheat in Uzbekistan has gradually decreased. In terms of supply and demand fundamentals, the impact may be felt more strongly this year than last year. According to data from the United Nations Food and Agriculture Organization (FAO), due to fuel shortages, About 20% to 30% of the land area planted with winter wheat in China last year may not be harvested this summer. Citi Research is more pessimistic. Compared with the pre-war level, it has been cut in half.
Original content
The war between Russia and Ukraine, the two major grain exporters, has hit the global grain supply. The war has caused a shortage of fertilizers and labor in Ukraine. Analysts predict that Ukraine’s grain harvest this year may be 50% lower than before the war. Although Ukraine has been hit by the war and the closure of Black Sea ports, But last year's crops and exports of grains such as wheat were still substantial, although production and shipments are likely to shrink this year. Andrew Whitelaw, co-founder of agricultural analysis firm Episode 3, said Ukraine's wheat exports last year were quite good, but production could be down by 20 percent this year as farmers plant fewer grains. Whiterow pointed out that Ukraine's lack of financing, shortages of fertilizer, fuel and labor, and the sharp drop in Ukrainian grain prices have reduced incentives for farmers to plant, which may affect production and exports this year. Whiterow said that the acreage of corn and wheat in Uzbekistan ...
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