Ukraine’s agricultural production may fall 30% to 40% this year due to the war, but 2023 will be “very bad,” said Dmitriy Skorniakov, CEO of Harveast Agri Holding in Ukraine. “Sooner or later, we’ll find some solution with logistics” for exports, but sales could be later than normal, he said at the GrainCom conference in Geneva. For example, wheat that would usually be sold in July might only be cleared by year’s end. Corn sales that usually took place from October to March might get delayed to the December-to-June timeframe. That means a huge “money gap” for farmers, and they’ll also need to pay for inputs sooner, as seed and input companies are less willing to sell the products on loan.
Next Year Will be Worse for Ukraine Farmers
Ukraine’s agricultural production may fall 30% to 40% this year due to the war, but 2023 will be “very bad” . . .
(stock image)
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