Ukraine-Russia tensions: What it could mean for agriculture (Ag Web) 

Ag Web published an article on the political tensions mounting between Ukraine and Russia. Ukraine is a key player in global agriculture, and how these conflicts play out will have international impacts. In 2020, Ukraine’s agriculture sector generated approximately 9.3% of GDP. Crop farming, which accounts for 73% of agricultural output, dominates Ukrainian agriculture. The country’s main crops are sunflowers, corn, soybeans, wheat, and barley. Globally, Ukraine ranks in the top 10 globally in the production of those crops. “Ukraine has been a global supplier of wheat, corn, and sunflower/sun oil,” stated Senior Research Fellow Joseph Glauber.  “This year, Ukraine is forecast to account for 12% of global wheat exports, 16% for corn, 18% for barley, and 19 percent for rapeseed. The share of agriculture in export revenues for Ukraine increased from 26 percent in 2012 to 45 percent in 2020 amounting to $22.2 billion.”