The decrease in grain yields in Ukraine is felt not only in the domestic market, but also throughout the world, notes Pavlo Koval, Director General of the Ukrainian Agrarian Confederation.
It is predicted that this season Ukrainian farmers will harvest a total of 74 million tons of grain and oilseed crops, which is 8 million tons less than last year.
According to Koval, wheat cultivation is becoming less profitable, and the harvest is expected to decrease by 13.5% to 19.2 million tons. At the same time, the soybean harvest is forecast to increase by 10% to 5.2 million tons.
Experts point out that in the face of financial, operational, and security difficulties, it is becoming more difficult for many farmers to function in this industry.
Pavlo Koval says that Ukraine is losing certain foreign markets due to problems with logistics and exports, and in some cases it is being replaced by Russia, which, in addition, sells stolen grain from Ukrainian fields. However, even with such difficulties, the country remains an important player on the world market.
Experts emphasize that structural changes in the Ukrainian agricultural sector will have a major impact on global price trends.
According to Koval, some countries in Europe and the Persian Gulf region, as well as countries in Africa and Asia, will feel the effects of reduced wheat exports from Ukraine. Even if other suppliers replace Ukraine, this will lead to an increase in prices.
