Ukraine's Arable Land Decreases By 20% Since Russia's Full-Scale Invasion
Date
12/30/2024 7:10:07 AM
(MENAFN- UkrinForm) Since the onset of the full-scale invasion, the area of arable land available for harvest in Ukraine has decreased by 20%.
Vitalii Koval, Ukraine's Minister of Agrarian Policy and Food, shared this information during a television broadcast , as reported by Ukrinform.
"We are facing objective factors contributing to rising food prices. For instance, the area of arable land today is 20% smaller than before the war. This year, crops were harvested from 19.8 million hectares. Additionally, the price increase for each type of product depends on how integrated Ukraine is into the global market for that particular product," Koval explained.
The minister noted that Ukraine produces three times more food than it consumes. When it comes to grain and oilseeds, Ukrainian products remain leaders on the global stage.
Read also: Ukraine ,
China to
enhance agricultural cooperation
Regarding vegetables, Koval pointed out that Ukraine can meet its domestic needs but sometimes has to import due to a lack of storage facilities. He added that exports are not dependent on domestic harvests, as Ukraine produces three times more than it requires.
However, this year's vegetable harvest dropped by 20% due to drought, which immediately impacted prices. Furthermore, the lack of storage facilities leads to price hikes within 4-6 months after the harvest.
As previously reported, the full-scale invasion has caused USD
13 billion in direct losses to Ukraine's agricultural sector.
MENAFN30122024000193011044ID1109041608
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.