Ukraine records one of its hottest summers and the implications of global warming.

With temperatures regularly rising above 40C, this threatens its agriculture sector that accounts for “Water unavailability and heat stress during periods of increased temperature already impact the yield of the crops,” Mykola Shlapak, a Kherson-based independent consultant on climate change mitigation,” says. Climate change is creating more and more “extreme weather events.” In July, farmers in the Kherson region lost a significant portion of their products because of heavy rainfalls.

Well-timed rains are pushing this year’s harvest to a record 100 million tons of grains, oilseeds and beans,

Nikolay Gorbachov, president of the Ukrainian Grain Association predicted at the recent International Grains Council’s Grain Conference. “What I can tell you about Ukraine is the conditions are just perfect,” Gorbachov told the online conference, The Western Producer reports from Saskatchewan, Canada. Ukraine’s previous harvest record was 98.3 million tons set in 2019-20. Twenty years ago, this combined harvest was 9.5 million tons.

The farmland market is designed to be transparent, Agriculture Minister Roman Leshchenko writes in an Atlantic Council essay:

“Land reform can make Ukraine an agricultural superpower.” “Once Ukraine’s land market opens, all transactions will be tracked to record buyers and sellers, along with the price and the source of payment,” the Minister writes. “An open data portal will allow anyone to view detailed information about the ownership and usage of Ukrainian farmland…Anyone will be able to participate in e-auctions, with bidding taking place via the government’s Prozorro digital platform.”

China’s growing appetite for wheat and soybeans, a severe drought in Brazil,

growing demand for vegetable oil for biodiesel, and supply chain disruptions caused by the pandemic were cited last week by the Financial Times as reasons for rising food prices. “The drought in Brazil turned out to be worse than everyone expected,” FAO senior economist Abdolreza Abbassian tells the FT. “Therefore, it remains to pray that the weather in the United States is good.”