British intelligence predicts a reduction in Ukraine's grain harvest by about 20% in 2022
Reducing the supply of grain from Ukraine will cause inflationary pressures and raise world grain prices
It was informed that British intelligence predicts a reduction in Ukraine's grain harvest by about 20% in 2022.
Source. This was reported by British intelligence on its Twitter page.
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Details. According to it, Ukraine's grain harvest this year is likely to be lower than last year due to reduced sown areas following the invasion. As the russian invasion of Ukraine significantly disrupted the process of Ukrainian agricultural production.
Ukraine is the fourth largest producer and exporter of agricultural products in the world. Reduced grain supply from Ukraine will generate inflationary pressures, elevating the global price of grain.
“High grain prices could have significant implications for global food markets and threaten global food security, particularly in some of the least economically developed countries,” the intelligence said.
Previously. Earlier it was informed that British supermarkets have limited the amount of oil that customers can buy due to supply chain problems caused by russia's invasion of Ukraine.
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