Page 57 - UKRRptDec22

November, the Food and Agricultural Organization of the UN reduced their estimate of 2022 world grain production by 4.9mn tons to 2.76bn tons compared to their October forecast. The FAO noted that this is 1.8% lower than last year's collection. The forecast revision primarily concerns wheat, and the forecast for the world production of fodder grains has also been slightly reduced. The wheat collection estimate decreased by 3.4mn tons to 783.8mn tons. However, this is 0.6% higher than 2021’s figure and would be a record. The revision regarding wheat is almost entirely related to the indicators of US production, where a decrease in productivity and a reduction in harvesting areas has been recorded. The harvest estimate for fodder grains was reduced by 1.3mn tons to 1.47bn tons. This is 2.8% lower than last year.
9.1.7 TMT sector news
The total aggregate value of all Ukrainian startups is estimated at €23.3B.
Last year this number was higher at €27.1B, according to a study of the startup market and venture capital by Dealroom.co, Google for Startups, and Atomico. The study's results also showed that the main share of venture capital is divided between Estonia, the Czech Republic, Croatia, and Poland. Ukraine occupies the sixth position with an amount of invested venture capital totaling €246M.
Ukrainian retail and e-commerce lost up to 30% of sales during Black Friday, November 25, due to Russia's attack on the country's energy system, Dmytro Derevytsky, head of the board of directors of Allo Group of Companies, told Interfax-Ukraine. "According to our estimates, Ukrainian e-commerce and retail lost approximately 25-30% of their profits due to the Russian attack and forced blackouts. This was caused by a shortage of online traffic [up to 30% in the market] and offline traffic [up to 20%]. There was no such blow to Ukrainian business even during the lockdown," he stated.
57 UKRAINE Country Report December 2022 www.intellinews.com