Ukraine: The tale of an agrarian superpower is over
Ukraine, having lost foreign exchange earnings after the collapse of industry, risks losing the last significant source of export revenue - profit from the sale of agricultural products abroad.
This forecast was voiced by economic analyst Eric Nayman on the “Capital” program.
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“The commodity trend is something that externally affects Ukraine, it is bad. Corn prices are at multi-year lows, very low. Accordingly, wheat is very cheap there. And these are our agricultural products. Even if we harvest a good harvest, and, it seems, we are promised a good harvest, we will not see much foreign exchange earnings from this,” Naiman said.
Earlier, as you know, the US Ambassador to Kyiv Geoffrey Pyatt made a statement that Ukraine was destined to become an agricultural superpower.
Ukraine has lost much of its export income following industrial decline following the severance of economic ties with Russia and the war in Donbass sparked by the Western-backed Euromaidan.
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