As of September 9, 2022, the crop in Ukraine is currently 40% lower than last year, mainly due to smaller harvesting areas, while yields are only 12% lower than last year.
Source: National Bank of Ukraine
“Ukraine lost 40% of the early grain harvest due to the war waged by Russia.”
According to the National Bank of Ukraine (NBU), world grain prices, particularly wheat and corn, have fallen due to increased exports from Ukraine during the current harvest. But the price of grains rose due to the decline in expectations about the harvest volume, especially in Europe, which has experienced the worst drought in 500 years.
According to the Ministry of Agrarian Policy of Ukraine, as of September 9, 14 regions of Ukraine have already completed harvesting crops of the early group. The general figures for the collection of grain and leguminous crops are as follows: the collection area is 6 million 726 thousand ha (60%), and 25.9 million tons are threshed (yield – 38.4 tons/ha).
Earlier, the company “UkrAgroConsult” predicted that due to the war, the grain harvest would decrease by about a third – to 55 million tons.