Harvest in Ukraine will be 20% lower due to the war, UK Defence Intelligence says

26 April, 05:39 PM
Grain harvest in Ukraine will fall by 20% due to the war (Photo:latifundist.com)

Grain harvest in Ukraine will fall by 20% due to the war (Photo:latifundist.com)

Rising grain prices due to the war in Ukraine could have significant implications for global food markets, as Ukraine’s 2022 harvest is likely to be around 20% lower compared to last year, due to reduced sowing areas, said the UK’s Ministry of Defense on Twitter on April 26.

As a result, knock-on effects from this reduced harvest should be expected, as the MoD notes that Ukraine is the fourth largest producer and exporter of agricultural goods in the world.

“The reduction in grain supplies from Ukraine will generate inflationary pressure, elevating the global price of grain,” the ministry stressed.

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High grain prices could have significant implications for world food markets and threaten global food security, particularly in the least economically developed countries.

Despite the war, Ukraine plans to harvest at least 70% of last year's harvest, reports Ukraine’s Office of the President.

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