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A number of factors have converged over the last 18 months to send global agricultural commodity prices to near-record levels. Russia’s invasion of Ukraine – and the potential loss of Ukrainian exports – was the latest development to push commodity prices higher.
The Government of Ukraine (GoU) abolished the existing sugar quota regime, which was coupled with price supports in the form of minimum prices for both refined sugar and sugar beets.
Fluid milk production in Ukraine is expected to decline slightly in 2018 and 2019.
This report contains revised production and trade forecasts for MY2018/2019, as well as updated trade estimates for MY2017/2018.