Poster in Dec 18, 2022 05:05:44

Russia to procure 5.8 million tons of Ukrainian wheat in 2022, NASA says

Russia to procure 5.8 million tons of Ukrainian wheat in 2022, NASA says

Satellite photo of wheat crops in Ukraine (July 2022) - NASA HARVEST. Photo: Collected

 According to data published by the US space agency (NASA), in 2022 Russia will procure about 5.8 million tons of Ukrainian wheat worth about $1 billion.

NASA's food security and agriculture program, NASA Harvest, is based on satellite data and modeling in collaboration with various related organizations.

The data show that around 26.6 million tonnes of wheat have been harvested across Ukraine this year, significantly higher than initially forecast.

However, this number is lower than last year's record harvest, when 33 million tons were achieved.


"The analysis showed that 5.8 million tons of wheat were harvested in areas that were not under Ukraine's control. That represents a loss of at least $1 billion," said expert Abdolreza Abbassian.

From these figures, 22 percent of the wheat, which was grown in the Russian-controlled eastern part of the country, must be subtracted.

Declining global wheat demand and increasing supplies helped stabilize world wheat prices over the summer, said Joseph Glauber, a NASA Harvest advisor and senior researcher at the Food Policy Research Institute.

"But this does not mean the food crisis is over," Glauber reminded.

"International food prices remain high by historical standards, markets remain tight, and high price volatility continues, especially for wheat," he concluded.

Source:
Online/SZK

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