Since the start of the new agricultural season, which will start on July 1 this year, Russia will hold one-fifth of the world wheat export market. At the same time, Ukraine’s share, on the contrary, will decrease by 5% at the end of February 2022 compared to the period before the start of the military conflict, informs Bloomberg agency cites data from the US Department of Agriculture (USDA).
Increasing Russia’s share in the global agricultural export market will be possible depending on several factors. One of the most important is the large-volume grain harvest in the North Caucasus and other fertile parts of the country. The article also states that Ukraine will have to reduce the share of exported products due to logistical difficulties.
“While another fruitful harvest begins in fertile agricultural lands such as the North Caucasus region, Russia will be the source of one out of every five wheat exports in the season as of July 1st. By contrast, Ukraine’s share will fall to around 5% from pre-invasion levels due to long-term damage to production from mined fields and disrupted supply chains.
June 27 on the website of the Federal State Budgetary Institution (FGBU) “Agroexport” published According to information, at the end of 2022, Russia ranks 17th in the ranking of the world’s largest exporters of food and agricultural raw materials. At the global level, the share of the Russian Federation was 2.1%.
formerly farmers in Eastern Europe estimated Disaster due to the flow of grain and other agricultural products from Ukraine.
Source: Gazeta
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