Ukrainian business predicts consumer price growth this year at the level of 23.3%. Also in 2023, an increase in the cost of agricultural products is possible, writes "
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Due to the change in planted areas, it is expected that the structure of the 2023 crop will be significantly different from previous ones.. Analyst of the Ukrainian Club of Agrarian Business Svetlana Lytvyn noted that for the first time in the history of Ukraine, the sown area for oilseeds will be larger than for grain crops.
“According to preliminary estimates, the sown area under grain crops in 2023 will be 8.7 million hectares, which is 22% less than in 2022. At the same time, the sown area under oilseeds is projected at the level of 9.7 million hectares, which is 32% more than in 2022,” the analyst said..
Experts also predict a decline in yields in 2023 due to the fact that farmers are forced to save money and apply 50-60% less fertilizer.. According to experts, the yield per hectare will decrease depending on the region and crop by 10-30% compared to last year's average.
“As a result, it is predicted that the total grain harvest in 2023 may reach 34 million tons, which is 37% less than in 2022.. Oilseeds are expected to be 19.3 million tons, which is 13% more than in 2022,” summed up Svetlana Litvin.
At the same time, according to experts, the reduction in the harvest will not affect the interests of consumers in any way, since agrarians in the conditions of war grow much more bread than is needed for domestic consumption.. However, in 2023, an increase in the cost of agricultural products is possible..
It is difficult for specialists to predict the final price, since it depends on several factors. In particular, the cost of production will be affected by logistical problems..
Recall that buckwheat continues to become cheaper in Ukraine.