Farmers will plant 30-60% fewer winter crops and might reduce corn production.
Wednesday, July 20, 2022
In 2022, Ukrainian farmers will sow 30-60% fewer winter grain crops than was planned. If Russia continues to block the main export route through Ukraine’s seaports, the world food crisis will worsen. It is noted that Ukraine is currently negotiating with Russia regarding the resumption of food export through its Black Sea ports. However, if Ukrainian ports remain closed next spring, farmers will drastically cut back on corn crops and grow soybeans and sunflowers due to lower yields and higher prices. Reductions in wheat and corn production in 2023 will lead to continued grain shortages worldwide and higher food prices for an extended period of time.