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After more than 100 days of the Russian-Ukrainian war, wheat prices have surged almost 60 percent globally, hitting their highest levels in 14 years. Egypt, similar to the rest of the world, has been affected by the impacts of this war, especially since 82 percent of its wheat imports over the last five years originated in Russia and Ukraine.
The MY 2022/23 sugar production forecast is down 23 percent from the previous estimate. Producers face a shrinking domestic market and fluctuating world prices, as well as the strain of conflict with Russia in terms of ensuring production and exports.
Russia’s invasion of Ukraine has become an ultimate test of the resilience of Ukrainian agriculture. The country’s food security depends on a variety of factors, including farmers’ ability to produce key staple foods.
Serbia is closely following the impact of the Russian-Ukrainian crisis, especially because 80 percent of Serbia’s grain exports travel to the world via Black Sea ports.
A number of factors have converged over the last 18 months to send global agricultural commodity prices to near-record levels. Russia’s invasion of Ukraine – and the potential loss of Ukrainian exports – was the latest development to push commodity prices higher.
Russian invasion of Ukraine is expected to significantly affect Thai agriculture. Agricultural production costs are expected to increase 7-13 percent in livestock production and 10-17 percent in field crops due to the surge in prices of feed-quality grains and fertilizers.
Black Sea regional producers Ukraine and Russia are significant suppliers to India of nitrogen and potassic fertilizers utilized in agricultural production. FAS New Delhi sources indicate that a short supply of potassic fertilizers is unlikely to affect agricultural production prospects in the upcoming crop year in the major food grain belt of northwest India and the Indo Gangetic plains.
Since initiating the hostilities, Vladimir Putin’s Russian Federation’s war of aggression against neighboring Ukraine has led to volatility in different sectors of the global economy. For India and the region, trade is disrupted in the grains, oilseeds, fertilizer, and energy sectors.
This report contains updated Marketing Year (MY) 2020/21 and MY2021/22 production, trade, and consumption estimates for Ukraine. According to the recent national statistical data MY2021/22 production numbers for wheat, barley, corn and rye are higher compared to MY2020/21, thus translating into higher export volumes.
The Ministry of Economy of Ukraine published a draft order which, if passed, establishes a general framework for food safety system equivalency determination. As a part of this framework, Ukraine plans to cancel the Ukraine-EU equivalency status for products of animal origin, which was established in April 2014.
Ukraine is a lower-middle income country in Eastern Europe. Its economy is rebounding after the political and economic turmoil of recent years. Ukraine’s imports of agricultural products grew over thirteen percent in the first eight months of 2020...
The biotechnology regulatory system in Ukraine is still not fully developed, but the country has committed to shape its policy in line with European Union’s regulations.