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Ukraine

Welcome to the price transmission page for Ukraine. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.

Ukraine

Historic Warnings per Commodity

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Background information

The lower middle-income country has a diversified natural resource base and engages in the heavy industry, chemicals and food processing sectors and increasingly in IT. However, the output of the second largest country in Europe fell considerably since 1991 due to its vulnerability to external shocks and its political instability. The Ukrainian economy is further contracting. The annexation of the Crimean Peninsula in 2014 by Russia led to a still ongoing conflict between Ukrainian armed forces and separatists in the east of the country.

With its high-yielding black earth, the land area is well suited for agricultural use and more than half of it is used as arable land for grain, sugar beets and sunflower seeds. Another 10% is used as grassland for livestock. Having once been the backbone of the economy, the sector is currently contributing to only slightly more than one-tenth of GDP and employing 5% of the labor force. Overall, Ukraine is a net cereals exporter.

The unstable political and economic situation puts further pressure on the 44 million Ukrainians. Furthermore, the country has a negative population growth rate, driven by emigration and the second highest death rate worldwide. Official statistics estimate that one in ten Ukrainians is unemployed with higher estimates of unregistered underemployed workers. The armed conflict results in ongoing escapes from the eastern provinces. Roughly 1.5 million people in eastern Ukraine alone are food insecure and food inflation currently ranks among the highest worldwide.