Ukraine: Grain and Feed Annual

  |   Attaché Report (GAIN)   |   UP2023-0012

The full-scale invasion launched by Russia in February 2022 sent seismic shocks throughout the Ukrainian economy, with agriculture bearing a direct impact. It led to a breakdown of farming operations due to the fighting and shelling on farm lands, while crippling agricultural logistics out of the country, leaving farmers unable to sell their crops at reasonable prices. Production volumes for all major grains dropped in MY2022/23 due to military activities. Post forecasts a further drop in production for MY2023/24 as Ukrainian farmers are employing mitigation strategies to stay afloat during the crisis. Grain exports are forecast to decrease alongside production for MY2023/24. MY2022/23 exports were below pre-war levels and remained at the level of the previous MY as the result of ability for exporting large ending stocks amassed back in MY2021/22 due to a port blockage.

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