The decrease in the harvest of grain crops in Ukraine is felt not only in the domestic market, but also in the whole world, notes the general director of the Ukrainian Agrarian Confederation, Pavlo Koval.
It is predicted that this season Ukrainian farmers will harvest a total of 74 million tons of grain and oil crops, which is 8 million tons less than last year.
According to Koval, growing wheat 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 conditions of financial, operational and security difficulties, it becomes more difficult for many farmers to function in this field.
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 in the world market.
Experts emphasize that structural changes in the Ukrainian agricultural sector will have a great 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 consequences of a decrease in wheat exports from Ukraine. Even if other suppliers replace Ukraine, this will lead to an increase in prices.
