World Bank2014-08-202014-08-202008-05https://hdl.handle.net/10986/19522World market prices for grains and oilseeds have risen dramatically over the last 24 months. Despite a recent drop, wheat prices are still about twice what they were two years ago. Given the underlying causes, this situation is likely to persist for the medium term (International Food Policy Research Institute-IFPRI and World Bank projections use a time horizon until 2015). Rising food prices are causing significant hardship worldwide and threatening to cast large numbers of people into poverty. However, the current situation is a major opportunity for Ukraine, a net grain exporter with a significant exploitable yield gap and one of the few countries in the world that are in a position to significantly increase net exports and make up for emerging deficits elsewhere. With appropriate policies and investments, Ukraine could significantly increase its grain harvest and gain global market share in an environment of rising global demand. Even relatively conservative estimates of growth in yields and acreage indicate that a regular harvest of over 40 million tons will be possible. Seizing this opportunity will require a shift in policies and corresponding increases in private and public investment. Ukraine is in a position to make a significant contribution to the international effort to deal with the food crisis, while providing attractive investment and employment opportunities in the agriculture sector (in rural areas) that are expected to yield significant income, trade, and fiscal benefits.en-USCC BY 3.0 IGOACREAGEADJUSTMENT ASSISTANCEADMINISTERED PRICESAGRARIAN POLICYAGREEMENT ON AGRICULTUREAGRIBUSINESSAGRIBUSINESS LEADERSAGRICULTURAL AREASAGRICULTURAL COMMODITIESAGRICULTURAL COMMODITYAGRICULTURAL DEVELOPMENTAGRICULTURAL MARKETAGRICULTURAL MARKETSAGRICULTURAL OUTPUTAGRICULTURAL POLICIESAGRICULTURAL POLICYAGRICULTURAL PRODUCEAGRICULTURAL PRODUCTIONAGRICULTURAL PRODUCTION SYSTEMSAGRICULTURAL PRODUCTSAGRICULTURAL RAW MATERIALSAGRICULTURAL STATISTICSAGRICULTURAL WORKERSAGRICULTUREAGRICULTURE ORGANIZATIONAGRICULTURE SECTORAGROINDUSTRIAL COMPLEXASSET VALUESAVERAGE YIELDBAKERIESBAKERY INDUSTRYBAKINGBANKRUPTCYBEVERAGESBREADBUTTERCAPITAL INFLOWSCARTELCEREALSCHEESECOLLATERALCOLLUSIONCOMBINESCOMMODITY PRICECOMMODITY PRICESCOMPARATIVE ADVANTAGESCOMPETITIVE MARKETCOMPETITIVE PRODUCTSCOMPETITIVENESSCONSUMER PRICECONSUMER PRICE INDEXCONSUMER PRICESCORNCROP PRODUCTIONDAIRYDAIRY PRODUCTSDEVELOPING COUNTRIESDIRECT PAYMENTSDOMESTIC CONSUMERSDOMESTIC PRICEDOMESTIC PRICESECONOMIC COOPERATIONEGGSELASTICITYEMERGING ECONOMIESEMERGING MARKETSENERGY PRICEENERGY PRICESENVIRONMENTAL RISKSENVIRONMENTAL SUSTAINABILITYEXCHANGE RATEEXPENDITUREEXPENDITURESEXPORTEXPORTSFARMFARM MANAGEMENTFARM MANAGERSFARM STORAGEFARMERSFARMSFEEDFLOURFOOD AIDFOOD AVAILABILITYFOOD CROPFOOD CROPSFOOD FOR ALLFOOD GRAINSFOOD MARKETSFOOD POLICYFOOD POLICY RESEARCHFOOD PRICEFOOD PRICE INFLATIONFOOD PRICESFOOD PROCESSINGFOOD PRODUCTIONFOOD PRODUCTSFOOD RIOTSFOOD SAFETYFOOD SHORTAGEFOOD SUBSIDIESFOOD SUPPLYFOOD SURPLUSESFOOD WEBFOREIGN MARKETSFREE TRADEFREE TRADE AGREEMENTFRUITFRUIT VEGETABLESFUTURESGDPGDP DEFLATORGLOBAL ECONOMYGLOBAL MARKETGRAINGRAIN PRICESGRAIN PRODUCTIONGRAINSGROSS DOMESTIC PRODUCTGROSS MARGINHOUSEHOLD FOOD SECURITYHOUSEHOLDSHUMAN CAPITALIFPRIIMPORT TARIFFSINCOMEINFLATIONARY EXPECTATIONSINFORMATION ASYMMETRIESINFORMATION SYSTEMSINSURANCEINTERNATIONAL FOOD POLICY RESEARCH INSTITUTEINTERNATIONAL TRADELEGAL FRAMEWORKLIQUIDITYLIVESTOCKLIVESTOCK PRODUCTSLOW-INCOME COUNTRIESMACROECONOMIC MANAGEMENTMACROECONOMIC POLICIESMAIZEMARKET DEVELOPMENTMARKET INFORMATIONMARKET POWERMARKET SHAREMARKET STUDIESMARKETINGMARKETING SYSTEMSMEATMIDDLE INCOME COUNTRIESMILKMILK CHEESEMILLINGMILLING INDUSTRYMONETARY POLICIESMONETARY POLICYMONEY GROWTHNATIONAL BANKNATIONAL ECONOMYNATURAL DISASTERNATURAL RESOURCENET CAPITALNET EXPORTSPENSIONSPER CAPITA INCOMEPER CAPITA INCOMESPOLITICAL UNRESTPOTENTIAL OUTPUTPOULTRYPRICE CHANGESPRICE CONTROLSPRICE FORECASTSPRICE INCREASEPRICE INCREASESPRICE INDEXPRICE LEVELSPRICE SPREADSPRICE SUPPORTPRICE TRENDSPRICE VOLATILITYPRIVATE INVESTMENTPRIVATE INVESTMENTSPRIVATE SECTOR CREDITPRODUCER PRICEPRODUCT QUALITYPRODUCTION INCREASESPROPERTY RIGHTSPUBLIC GOODQUALITY REQUIREMENTSQUALITY STANDARDSQUOTA RENTSQUOTA SYSTEMQUOTASREAL INCOMERICERISK MANAGEMENTRURAL AREASSAFETY ISSUESSAFETY NETSAFETY NETSSALESALESSAVINGSSOCIAL COSTSSOCIAL PROTECTIONSPREADSTAPLE FOODSSTOCKSSTORAGE CAPACITYSUB-SAHARAN AFRICASUGARSUPPLIERSSUPPLY CHAINSUPPLY CHAINSSURPLUSSUSTAINABLE DEVELOPMENTSUSTAINABLE INVESTMENTTARGET MARKETSTAXTRADE AGREEMENTSTRADE POLICIESTRADE POLICYTRADE RELATIONSTRANSACTIONTRANSACTION COSTSVALUE ADDEDVEGETABLE OILSVERTICAL INTEGRATIONVOLUMEWAGE GROWTHWAGESWAREHOUSEWHEATWORLD ECONOMYWORLD MARKETWORLD MARKET PRICEWORLD MARKET PRICESWORLD MARKETSWORLD TRADEWORLD TRADE ORGANIZATIONWTO10.1596/19522