Bloomberg: Russia reaped $1B of wheat in occupied Ukraine

“Ukraine has lost at least $1 billion of wheat that was harvested in areas contrled by Russia,” Bloomberg reports citing research using satellite imagery from NASA’s food security and agriculture program.

As noted, the analysis used a machine-learning model detecting texture and cor changes based on a time-series of satellite images to map where crs have been harvested or left unharvested.

“Almost 6 million tons of wheat was clected from areas not under Ukrainian contr, according to NASA Harvest. About 88% of the winter crs planted in occupied areas were harvested, while unharvested areas were mainly along the front line,” Bloomberg says.

It is currently unclear what exactly happened to the Ukrainian grain harvested in the territories temporarily occupied by Russia. The analysis also did not take into account crs or foodstuffs held in storage.

“The NASA Harvest team calculated that farmers harvested 26.6 million tons of wheat this year in Ukraine, several million tons more than other leading forecasts,” the agency reports.

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