Grain, oilseeds harvest in Ukraine exceeds 100 mln tonnes

Ukraine in 2018 threshed over 70 million tonnes of grain and hit a record over all years of the country’s independence, Deputy Governor of the National Bank of Ukraine (NBU) Oleh Churiy has said.
“We have a record grain harvest in all years of our independence – over 70 million tonnes. If we take into account oilseeds, this is over 100 million tonnes,” he said at a briefing in Kyiv on Thursday.
Currency income from agricultural products along with tough monetary and moderate fiscal policies was the key factors of strengthening of the national currency, he said.
Acting Agricultural Policy and Food Minister of Ukraine Maskym Martyniuk wrote on his Facebook page that in Ukraine the forecast for grain exports in 2018/19 agricultural year (July-June) was revised upwards from 42.5 million tonnes to over 45 million tonnes. Gradual exhausting of the agricultural infrastructure could hinder the implementation of the agriculture’s potential, he said.
Martyniuk said that the country has 170 markets where it sells agricultural products.
“In the past eight years Ukraine added 50 countries to the list of trade partners, losing one (but large one),” he said.

Readers choice: TOP-5 articles of the month by UkrAgroConsult