Feofilov: Ukraine Must Protect and Expand Grain Export Market

The Director General of UkrAgroConsult said the Ukraine faces new competition in several markets and should seek to expand in those, and other, markets

uatv
03.01.2020

Photo from Ukrinform – UATV

 

Ukraine will have to protect and expand its positions in overseas grain markets in the face of increasing competition.

“This year will not be the easiest one. It is quite expected that competition in many markets for Ukrainian goods will be intensified. It will be necessary to protect and expand the positions occupied by Ukrainian grain in the markets of Asia and Africa, as well as to compete with Russian sunflower oil in the markets of India and China. Solving these tasks is based on the stable growth of agricultural production in Ukraine,” Director General of UkrAgroConsult Sergey Feofilov said, reports Ukrinform.

Analyzing the results of 2019, Feofilov first noted an increase in export earnings.

“In the first three quarters of 2019 alone, exports of three major grain crops (wheat, barley, corn) brought $6.8 billion in foreign currency to Ukraine, which is 43% more than in the same period of the previous year. Last year, Ukraine increased shipments of wheat to the markets of Asia and Africa, as well as corn to Europe and China, and set a new record for sunflower oil exports,” Feofilov said.

Ukraine exported 27.36 million tonnes of grain and leguminous crops between July 1 and December 13, 2019, which was 32.9% more than during the same period of 2018.

Source Ukrinform
date 03.01.2020
categories Economics
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