Ukraine: Despite Significant Ag Production Ukraine Ag Industry Struggled in 2022
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. Although a worst-case scenario was avoided, the Ukrainian economy suffered significant damage. Although agricultural production in Ukraine remained significant, many producers declared substantial losses and are struggling to stay afloat. Total agricultural industry loss in 2022 reached billions of dollars, undermining the industry’s resilience in 2023.