Drought and war: how this year’s harvest will impact Ukraine’s economy

In 2024, farmers expect to harvest less than a year ago. According to forecasts, the corn harvest will be down by 21%, barley by 15%, wheat and sunflower by 10%. In addition to unfavourable weather, farmers are also facing power cuts, labour shortages and security challenges.

We discussed this with representatives of the government and agribusiness.

Additionally, we traditionally reviewed the main changes in the country’s economy over the past month. Reports from previous months are available on our website, and data visualization can be found in the Ukraine War Economy Tracker.

Participants:

• Tetiana Adamenko, Head of the Department of Agrometeorological Forecasts in Ukrainian Hydrometeorological Center
• Taras Vysotskyi, First Deputy Minister of Agrarian Policy and Food of Ukraine
• Nataliia Shpyhotska, Senior Analyst at Dragon Capital
• Viacheslav Chuk, Chief Commercial Officer of Astarta-Kyiv. 

Moderator: Hlib Vyshlinsky, Executive Director of CES.