A Year Of Famine And Total Price Rise Predicted For Ukraine

Only the optimistic statement made by the government lightens up this gloomy picture. Thus, according to Prime Minister Mykola Azarov, the weather did not affect the crop much, and it will not be much worse than last year. Cabmin (Cabinet of Ministers) predicts the harvest of the grains cultures at the level of 46-47 million tons. 

Agrarians themselves are called official words to be nonsense, and say that harvest will be significantly reduced. For example, in the Crimea, the yield fell by three times. "This year Ukraine will bring the worst harvest in the past five years. It will be about 40 million tons", – the president of the Ukrainian club of agrarian business (UCAB), Lissitsa Alex, is convinced. 

The losses are estimated at 40 billion hryvnia by the agricultural sector of UCAB , but only 5.5 are caused by bad weather. What's more important is that Ukrainian Most importantly grain prices are below world prices: because of this, agrarians will lose 29 billion UAH(hryvnia), and increase in the price of land rent will increase their spending by another 4.5 billion.