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| Caucasus/Russia/Central Asia |
| A record grain harvest is expected in Ukraine |
| 2021-10-30 |
| Direct Translation via Google Translate. Edited. [Korrespondent] This year, another record harvest of grain and leguminous crops is expected in Ukraine - 81 million tons. This is the third record in the last four years, according to the Inflation Report of the National Bank of Ukraine. "A significant harvest plays a significant role in the recovery of the Ukrainian economy after the coronavirus crisis. It will also have a positive effect on a number of related activities, and will also provide stable export earnings," the report says. According to NBU estimates, an increase in grain harvest by 10 percent gives an additional growth in agriculture by 3.4 percentage points. and a direct impact on real GDP growth, by 0.3 percentage points. Accordingly, only a record grain harvest this year will provide 0.8 percent of real GDP growth in 2021. The report also says that the growth in agricultural productivity has secured Ukraine's role as an important player in the global market. During the period from 2005 to 2020, the volume of exports of food products (together with agricultural and food industry products) in nominal terms increased more than five times, and their share in the export of goods increased from 13 percent to 49 percent. Despite a lower harvest of agricultural crops according to the results of the 2020/2021 marketing year (MG), the country ranked first in the world for the export of sunflower seeds, 4th place for corn and barley, 6th place for the export of wheat, reminded the NBU. "In 2021, the weather turned out to be more favorable for Ukraine compared to other countries in the region. Against the background of poor harvests in other countries and, accordingly, maintaining high prices, this will ensure high export earnings at the end of this year and over the next year," the report says. The NBU also noted that it is the agro-industrial complex that has played a key role in the formation of favorable conditions in the foreign exchange market in recent months. |
| Posted by:badanov |
| #7 Like Tom I'm delighted to see good news, but this does read like a cut-and-paste from Pravda ca. 1960. This is from a Ukrainian government agency reporting on the record harvest. Please note that throughout the history of journalism, you will find that 85 percent of all news stories are institutionally generated, and that includes both eastern and western media. Only in the last 20 years can you find original news generated by independent individuals, thanks to the internet. |
| Posted by: badanov 2021-10-30 14:59 |
| #6 ^ Like Tom I'm delighted to see good news, but this does read like a cut-and-paste from Pravda ca. 1960. |
| Posted by: Matt 2021-10-30 13:29 |
| #5 Warm weather and lots of CO2? I hear India just had a record harvest, too. |
| Posted by: SteveS 2021-10-30 13:28 |
| #4 This isn't one of those 'five year plan' record harvests, is it? |
| Posted by: ed in texas 2021-10-30 11:55 |
| #3 Thanks for an encouraging article among all the gloom-and-doom stuff we usually see. |
| Posted by: Tom 2021-10-30 10:58 |
| #2 Ukraine is blessed with the most fertile soil ("black earth") on the planet. Ukraine is cursed with the most corrupt and dysfunctional society north of the Black Sea. But at least they have Burisma & Biden Inc. |
| Posted by: Merrick Ferret 2021-10-30 05:57 |
| #1 Thank God. |
| Posted by: Woodrow 2021-10-30 05:02 |