California Rainstorms Paying Off, Ukraine Grain Exports Rebound
Recent rains across California have been a welcome respite for farmers and food producers in the state. California has been dealing with a long-term drought, with the last major rainstorm in the region taking place in December of 2014. Since then, farmers have been struggling with dry conditions, making it difficult to produce crops, and making the prices of fresh produce skyrocket.
However, recent weeks of rain across the state have been causing a bit of a resurgence in the nation’s most productive agricultural region. California is the seventh largest economy in the world, and the recent wet weather is driving a significant economic rebound.
The rain has caused the price of lettuce, tomatoes, and other food staples to drop significantly as the state’s farmers have been able to get back to work harvesting their crops. This has also had a positive effect on the state’s economy, with the agricultural sector leading the way.
Meanwhile, in Ukraine, grain exports have seen a significant rebound in recent months. After a sharp decline in exports during the 2014-2015 grain marketing year, Ukraine’s grain exports surged during the 2015-2016 grain marketing year.
Ukraine has seen exports of wheat, barley, and corn all increase significantly. The country is now the world’s third-largest exporter of wheat and corn, behind only the United States and Russia. This is a welcome trend for Ukraine, as the country has struggled economically due to the ongoing conflict in the region.
The recent rains in California and the grain exports rebound in Ukraine are both positive signs for the global agricultural industry. Farmers in both regions are now able to produce and sell their crops, which is providing a much-needed boost to the economy in both regions.