20% less Grain Harvest in Ukraine will lead to huge Inflation

World » UKRAINE | April 26, 2022, Tuesday // 10:13
Bulgaria: 20% less Grain Harvest in Ukraine will lead to huge Inflation @Pixabay

Russia's invasion of Ukraine has "affected a significant part" of Ukrainian agricultural production. That's according to a report by the British Ministry of Defense, published late Monday night.

In another intelligence report on military action in Ukraine, experts say Ukraine's grain harvest this year is likely to be about 20 percent lower than in 2021 due to reduced acreage.

Reduced grain supplies from Ukraine will generate "inflationary pressures" and raise world grain prices.

"High grain prices could have significant implications for global food markets and threaten global food security, especially in some of the least developed economies," the report said.

Follow Novinite.com on Twitter and Facebook

Write to us at editors@novinite.com

Информирайте се на Български - Novinite.bg


We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Ukraine » Be a reporter: Write and send your article
Tags: Ukraine, grain, food, inflation
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria