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Russian invasion of Ukraine is expected to significantly affect Thai agriculture. Agricultural production costs are expected to increase 7-13 percent in livestock production and 10-17 percent in field crops due to the surge in prices of feed-quality grains and fertilizers.
Black Sea regional producers Ukraine and Russia are significant suppliers to India of nitrogen and potassic fertilizers utilized in agricultural production. FAS New Delhi sources indicate that a short supply of potassic fertilizers is unlikely to affect agricultural production prospects in the upcoming crop year in the major food grain belt of northwest India and the Indo Gangetic plains.
Since initiating the hostilities, Vladimir Putin’s Russian Federation’s war of aggression against neighboring Ukraine has led to volatility in different sectors of the global economy. For India and the region, trade is disrupted in the grains, oilseeds, fertilizer, and energy sectors.
In Marketing Year (MY) 2017/18 Ukrainian sugar exports were lower than expected, resulting in an accumulation of significant ending stocks.
Ukraine is a lower-middle income country in Eastern Europe. Its economy is slowly recovering after the political and economic turmoil of recent years.
Ukraine is a developing country with market-oriented economy.
Ukraine is a developing country with a market-oriented economy.
The political and economic crisis of 2013-2015 resulted in significant currency devaluation and domestic demand decrease for red meat.