Fifty percent of the grain in the Ukraine will be lost due to frost

In the Ukraine this winter about 50 percent of the winter crops will perish, this is due to the severe weather conditions they have suffered. This has been estimated by experts of the Ukrainian club of agrarian business."Under such circumstances our farmers will lose about a thousand of Hryvnias (US$250) €188.47 per one hectare. They will compensate the losses through the rise of the cost.

So we can expect a significant jump in prices for grain and flour in the coming agricultural season," an expert said. According to preliminary estimates due to deficit of the main grain crops, the cost of feed in Ukraine during the next season could rise by 25 percent, which would lead to a serious crisis in the entire livestock industry, as most manufacturers will not be able to afford feed at such prices. Read more ...