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- (-) April 2023
- (-) Ukraine
- (-) United Arab Emirates
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By early April 2023, many Ukrainian official agencies and private companies published their end-of-the-year results. This report provided valuable insight into wartime macroeconomic and agricultural developments.
The full-scale invasion launched by Russia in February 2022 sent seismic shocks throughout the Ukrainian economy, with agriculture bearing a direct impact. It led to a breakdown of farming operations due to the fighting and shelling on farm lands, while crippling agricultural logistics out of the country, leaving farmers unable to sell their crops at reasonable prices.
The United Arab Emirates' food processing sector continues to expand, bolstered by strong economic growth and local demand. There are over 568 food and beverage processors and manufacturers in the UAE, most of which are small to medium size.
Strong tourism, high petroleum rents, and an accompanying economic boom in the United Arab Emirates are forecast to grow the consumptive base and drive imports of wheat and rice higher in the coming marketing year.