Agriculture

Monday, October 28

Ukraine’s potato production decreases, forcing record-breaking prices.

Ukraine’s potato production decreases, forcing record-breaking prices. In 2024, Ukraine’s potato production declined by 18%, which amounts to four million tons less, Deputy Minister of Agricultural Policy Taras Vysotskyi said. This became one of the factors in the ...

Thursday, October 24

Ukraine’s agricultural sector is not an obstacle but an investment in the EU’s competitiveness.

Ukraine’s agricultural sector is not an obstacle but an investment in the EU’s competitiveness. The EU’s future expansion will not weaken, but rather will increase the bloc’s competitive advantages. During European integration, each candidate country must fulfill necessary criteria, ...

The annual export of Ukrainian agricultural products increased by almost 10 million tons, their value by $1.4B.

The annual export of Ukrainian agricultural products increased by almost 10 million tons, their value by $1.4B. During the first nine months of 2024, Ukraine exported 48.9 million tons of agricultural products worth $10.5B. The volume farm product exports for the year increased by 9.9 million tons, or by $1.4B....

Wednesday, October 23

The renewal of Russian attacks on Ukrainian ports has led to a 6% increase in wheat prices.

The renewal of Russian attacks on Ukrainian ports has led to a 6% increase in wheat prices. Assistant UN Secretary-General Miroslav Jenča stated at a meeting of the UN Security Council: “In recent weeks, we have witnessed renewed attacks by Russia on Ukrainian Black Sea ports.” H...

It will take decades to restore soil fertility and demine all lands after the end of the war.

It will take decades to restore soil fertility and demine all lands after the end of the war. Russia has caused ₴1.26T in damage to Ukraine’s ecosystems. Among them are losses to land resources amounting to ₴400B, of which more than ₴2B are the consequences of soil pollution. It will tak...

Tuesday, October 22

The Land Bank reports on the latest auctions in the Volyn, Lviv, and Cherkasy regions: Prices have increased by 600-700%.

The Land Bank reports on the latest auctions in the Volyn, Lviv, and Cherkasy regions: Prices have increased by 600-700%. At the end of last week, the state conducted seven auctions to sublease state agricultural land in the Volyn, Lviv, and Cherkasy regions, with a total area of 670.6 hectares. The Land Bank reports t...

Thursday, October 17

The 2023 harvest brought 200% more profit to Ukrainian companies.

The 2023 harvest brought 200% more profit to Ukrainian companies. According to Agrohub, the actual EBITDA for the main crops in 2023 is $129 per hectare, while the forecasted values at the beginning of the year were not so optimistic – $94 per hectare. As well, co...

Wednesday, October 16

Ukraine exports about 40 million tons of grain this season, and the shipment rate has increased by 100%.

Ukraine exports about 40 million tons of grain this season, and the shipment rate has increased by 100%. Deputy Minister of Agrarian Policy Taras Vysotskyi stated: “Due to difficult climate conditions, this year’s harvest is somewhat smaller than last year’s. Also, there are no transiti...

Monday, October 14

Canada will provide Ukraine with a $300M soft loan, and USAID will mobilize another $1.75B to support farmers.

Canada will provide Ukraine with a $300M soft loan, and USAID will mobilize another $1.75B to support farmers. The MoF signed a fourth additional agreement with the Canadian government regarding a CAD 400M ($300M) loan. The loan is for ten years with an annual interest rate of 1.5%. The grace period is 4.5 yea...

Friday, October 11

A German rapeseed processing giant has opened a representative office in Ukraine.

A German rapeseed processing giant has opened a representative office in Ukraine. Getreide AG, one of Germany’s leading rapeseed processors, officially opened a representative office in Ukraine at the beginning of October. The branch’s opening was necessary because the ...

Wednesday, October 9

In one of Ukraine’s regions, land prices have risen to record levels during the war.

In one of Ukraine’s regions, land prices have risen to record levels during the war. Land prices have always depended not only on its quality but also on the plot’s geographical location. Before the war, the most expensive land in Ukraine was in the central region. However, with...

Monday, October 7

Bayer has disclosed the details of its €60M investment project in the Zhytomyr region.

Bayer has disclosed the details of its €60M investment project in the Zhytomyr region. The Bayer international concern, which previously announced an investment of €60M, revealed the details of its priority investment areas in Ukraine. The announced investments are aimed at expanding th...

Thursday, October 3

Piraeus Bank joins leaders from the business community to discuss strategic planning at the War & Business event hosted by UBN.

Piraeus Bank joins leaders from the business community to discuss strategic planning at the War & Business event hosted by UBN. Piraeus Bank in Ukraine has reinforced its commitment to supporting business resilience and economic planning through its role as the general sponsor of the recent War & Business: Planning for an ...

Wednesday, October 2

This season, exports of Ukrainian grains and oilseeds may fall to an eight-year low.

This season, exports of Ukrainian grains and oilseeds may fall to an eight-year low. In August and September, Ukraine usually ships grain actively in all directions. But this year, ports and oil storage facilities are empty due to several factors that have affected the logistics marke...

Tuesday, October 1

Will Ukrainian farmers benefit from joining the EU?

Will Ukrainian farmers benefit from joining the EU? Ukrainian farmers can receive €7.6-€13.5B per year within the EU’s Common Agricultural Policy (CAP) framework. This could create a severe fiscal burden on other member states, which is an argument aga...

Monday, September 30

Land reform in Ukraine has been launched, and in the coming years land prices may increase by 20% – Ministry of Agrarian Policy.

Land reform in Ukraine has been launched, and in the coming years land prices may increase by 20% – Ministry of Agrarian Policy. Since the land market’s opening in 2021, the price of land in Ukraine has increased from ₴39,000/hectare to ₴46,000/hectare in 2024, and its value may increase by approximately 20% in the follow...

Thursday, September 26

Analysts name the main systemic challenges of Ukraine’s agrarian European integration.

Analysts name the main systemic challenges of Ukraine’s agrarian European integration. In May 2024, the EU Council extended the duty-free trade regime for Ukraine until June 2025. Until then, the parties will update the Association Agreement and establish the expected terms of trade bef...

Wednesday, September 25

Spain and Bulgaria call on the EU to limit the import of several agricultural products from Ukraine.

Spain and Bulgaria call on the EU to limit the import of several agricultural products from Ukraine. Minister of Agriculture of Bulgaria Giorgi Takhov said that the EC should ban the import of Ukrainian eggs to Bulgaria. In the first half of 2024, exports reached 2,618 tons, 400% higher than last yea...

Monday, September 23

The wheat harvest exceeds Ukraine’s domestic needs by almost 300%, and sunflower oil exports are higher than pre-war indicators.

The wheat harvest exceeds Ukraine’s domestic needs by almost 300%, and sunflower oil exports are higher than pre-war indicators. Prime Minister of Ukraine Denys Shmyhal reported that Ukrainian farmers have collected about 40 million tons of new harvest. This year’s wheat harvest will amount to about 22 million tons. Domes...

Thursday, September 19

Drought in Ukraine threatens the next grain harvest.

Drought in Ukraine threatens the next grain harvest. Drought in the Black Sea region, particularly in Ukraine, has slowed the sowing of winter crops, which make up a significant part of Ukraine’s grain production. According to the industry experts...

Wednesday, September 18

Leasing of Ukraine’s state lands next year will generate ₴8B for the budget.

Leasing of Ukraine’s state lands next year will generate ₴8B for the budget. Through the Land Bank’s implementation, Ukraine will receive several billion hryvnias from the lease of state lands next year, which will contribute to the country’s economic development, ...

Monday, September 16

After Russia attacked a ship in the Black Sea, world prices for wheat rose sharply, but Ukraine continues to export.

After Russia attacked a ship in the Black Sea, world prices for wheat rose sharply, but Ukraine continues to export. Wheat futures increased by 2.2% after Ukraine announced that a Russian missile hit a grain tanker in the Black Sea. Wheat futures rose to $5.9175 per bushel, the highest price since July 2024. 68.6 mi...

Thursday, September 5

Ukrainian agricultural producers will have access to the financial resources of the IFAD.

Ukrainian agricultural producers will have access to the financial resources of the IFAD. The Ukrainian Parliament adopted a decision on Ukraine’s accession to the International Fund for Agricultural Development (IFAD). This will give Ukrainian agricultural producers access to new financia...

Tuesday, September 3

Experts name promising agricultural production areas for Ukraine to explore in the African market.

Experts name promising agricultural production areas for Ukraine to explore in the African market. Experts from the state company Ukrainian-African Trade Mission, founded by the Ministry of Agricultural Policy, believe that the strategic measure of Ukrainian growing and processing technologies and ...

Monday, September 2

A Ukrainian milk and sugar producer is improving its financial indicators: What is driving this improvement?

A Ukrainian milk and sugar producer is improving its financial indicators: What is driving this improvement? The first half of the year’s turnover for Astarta Agricultural Holding, the country’s largest milk producer and a leading sugar producer, is €321M, 12% more than in the same period last year. Th...

Friday, August 30

The State Statistics Service has named the most profitable and unprofitable industries in the first half of 2024.

The State Statistics Service has named the most profitable and unprofitable industries in the first half of 2024. The profits earned by Ukrainian large and medium-sized enterprises increased by 49.7% in the first half of 2024 compared to the corresponding period last year, to ₴619.6B, the State Statistics Service...

Wednesday, August 28

The EU begins preparing for a trade and agricultural policy change in the wake of Ukraine’s accession.

The EU begins preparing for a trade and agricultural policy change in the wake of Ukraine’s accession. Hungary will continue to maintain its ban on importing Ukrainian farm products but allow their transit and will lobby the EU to develop rules that consider Hungarian farmers’ interests. Deputy ...

Ukraine’s agricultural sector generates 19% of the country’s GDP, exports 70% of its products, and can feed 400 million people.

Ukraine’s agricultural sector generates 19% of the country’s GDP, exports 70% of its products, and can feed 400 million people. In 2010-2021, the Ukrainian agricultural sector made a significant leap in development, employing 17% of Ukrainians who produce 19% of GDP, with 70% of its products exported, which is one of the highe...

Thursday, August 22

The agricultural sector’s losses from the war now reach $11B, and the export of goods has almost reached pre-war volumes.

The agricultural sector’s losses from the war now reach $11B, and the export of goods has almost reached pre-war volumes. The head of the Ministry of Agrarian Policy, Taras Vysotskyi, stated: “Due to Russian aggression, Ukrainian farmers suffered significant losses. Unfortunately, this figure continues to grow. Cur...

Tuesday, August 20

Food products will become more expensive in Ukraine due to the electricity shortage.

Food products will become more expensive in Ukraine due to the electricity shortage. Deputy Chairman of the All-Ukrainian Agrarian Council Denis Marchuk stated: “Blackouts are returning, and producers will use generators, which significantly increases production costs. The energ...

Monday, August 19

A modular farm for cultivating food products for export has started operating in the Vinnytsia region.

A modular farm for cultivating food products for export has started operating in the Vinnytsia region. Vinnytsia scientists are developing new production technologies with high economic efficiency to increase the productivity of local agricultural enterprises. In addition to cultivating vegetable crops...

Friday, August 16

The heat will destroy up to 20% of this year’s harvest, but high prices can compensate Ukrainian farmers for this.

The heat will destroy up to 20% of this year’s harvest, but high prices can compensate Ukrainian farmers for this. As analysts note, due to the abnormal summer heat most farmers expect a drop in crop yields compared to previous years. A new wave of abnormal weather threatens Ukraine this month. Farmers admit that...

Thursday, August 15

The export of sugar from Ukraine has been critically reduced due to European tariffs, and prices will fall.

The export of sugar from Ukraine has been critically reduced due to European tariffs, and prices will fall. In the first half of August, Ukraine exported 3,000-4,000 tons of sugar, while two months ago this indicator reached 100,000 tons, analysts from the All-Ukrainian Agrarian Council reported. “The...

Tuesday, August 13

The grain corridor’s operation has allowed Ukraine to start a new grain export season with an increase of 59%.

The grain corridor’s operation has allowed Ukraine to start a new grain export season with an increase of 59%. Since July 2024, when the new marketing season began, Ukraine exported 4.96 million tons of grain, which is 58.9% more than in the same period last year (3.12 million tons). This includes 1.26 million...

Monday, August 5

China plans to increase imports of Ukrainian agricultural products; Bosnia and Herzegovina will buy Ukrainian poultry.

China plans to increase imports of Ukrainian agricultural products; Bosnia and Herzegovina will buy Ukrainian poultry. Soon, Kyiv and Beijing may agree to increase the volume of Ukrainian agricultural product imports to China, according to Zhenmin Wang Yiwei, a professor of international relations at the Peking People...

Wednesday, July 31

The 2024 harvest is significantly faster than last year’s pace; 75% of the early crops have already been harvested.

The 2024 harvest is significantly faster than last year’s pace; 75% of the early crops have already been harvested. In Ukraine, 75% of early crops have already been harvested, from which they expect 27 million tons of grain and about four million tons of rapeseed, the Ministry of Agricultural Policy reported. It is...

Tuesday, July 30

The USAID AGRO program provides 50% co-financing for agricultural processing development projects.

The USAID AGRO program provides 50% co-financing for agricultural processing development projects. The USAID AGRO program offers co-financing for 15 projects aimed at developing the processing of agricultural products in Ukraine. It is expected that the financed projects will improve the processing...

Wednesday, July 24

Agricultural exports brought 64% of Ukraine’s export earnings to Ukraine: Who bought the most Ukrainian goods?

Agricultural exports brought 64% of Ukraine’s export earnings to Ukraine: Who bought the most Ukrainian goods? According to the results of 2024’s first six months, Ukraine’s export of agricultural food products accounted for 64% of total exports ($12.45B). In January-June, EU countries purchased mo...

Tuesday, July 23

The grain market has a unique situation: the prices of rapeseed and wheat are growing and almost exceed global prices.

The grain market has a unique situation: the prices of rapeseed and wheat are growing and almost exceed global prices. Trader’s demand for rapeseed and wheat is growing. At the same time, domestic prices for these crops are close to global market prices and almost exceed them, said Ivan Dimov, the founder of DMV...

Monday, July 22

Since the beginning of the year, Ukraine has increased its export of agricultural products by 5%.

Since the beginning of the year, Ukraine has increased its export of agricultural products by 5%. According to the Ukrainian Agricultural Export Association, in the first half of the year exports of agricultural products from Ukraine amounted to about $12.4B, 5% more than in the corresponding peri...

Friday, July 19

The Danube shipping company will transport the grain of one of Ukraine’s largest agricultural holdings to Constanta, Romania.

The Danube shipping company will transport the grain of one of Ukraine’s largest agricultural holdings to Constanta, Romania. Agrarian holding Nibulon announced the beginning of partnership cooperation with the Ukrainian Danube Shipping company (UDP). The contract’s terms provide for using one caravan of the UDP fleet ...

Wednesday, July 17

Due to the war, Ukrainian farmers have already lost more than $50B, and the heat will deprive Ukraine of 5 million tons of harvest.

Due to the war, Ukrainian farmers have already lost more than $50B, and the heat will deprive Ukraine of 5 million tons of harvest. Since the beginning of the full-scale invasion, the agricultural infrastructure of Ukraine has suffered losses of more than $50B, said the Deputy Chairman of the All-Ukrainian Agrarian Council, Denys ...

Wednesday, July 10

The Agricultural Investment Fund expects that leasing state land will bring ₴1B this year.

The Agricultural Investment Fund expects that leasing state land will bring ₴1B this year. The Agrarian Investment Fund state enterprise manages 104,000 hectares of state agricultural land. According to the foundation’s chairman, Yaroslav Yaroslavskyi, the fund’s task is to gene...

Tuesday, July 9

Half a million hectares were sold in three years. How much is the land worth?

Half a million hectares were sold in three years. How much is the land worth? After the opening of Ukraine’s land market, 567,322 hectares of agricultural land were sold. In total, 253,416 land plots were sold at an average price of ₴41,000 ($1,007 at the current exchange...

Monday, July 8

The Ministry of Agrarian Policy improves its harvest forecast by 5%.

The Ministry of Agrarian Policy improves its harvest forecast by 5%. The Ministry of Agriculture revised the forecast for the future harvest, increasing it from 74 to 77 million tons, of which 56 million tons will be grains and legumes and 21 million tons oil crops, sa...

Ukraine can produce up to 10 billion cubic meters of biogas annually if $20B is invested in the industry.

Ukraine can produce up to 10 billion cubic meters of biogas annually if $20B is invested in the industry. The head of the Ministry of Agrarian Policy, Taras Vysotskyi said: “Ukraine can potentially produce up to 10 billion cubic meters of gas per year from available waste, but this would require a f...

Wednesday, July 3

Ukrainian agricultural holding, owned by the government of Saudi Arabia, purchases an elevator in the Lviv region.

Ukrainian agricultural holding, owned by the government of Saudi Arabia, purchases an elevator in the Lviv region. Ukrainian agricultural holding, Continental Farmers Group, which belongs to the Saudi state fund Salic, bought a new elevator, designed to work with all grain and oil crops and able to ship up to 45 w...

Tuesday, July 2

The largest developing countries support the Russian initiative to create its grain exchange.

The largest developing countries support the Russian initiative to create its grain exchange. Representatives of the ministries of agriculture from BRICS (Brazil, Russia, India, China, South Africa), an international organization of the largest developing countries in terms of area and populat...

The Ministry of Agrarian Policy summed up the results of the marketing year: The yield increased to a record level.

The Ministry of Agrarian Policy summed up the results of the marketing year: The yield increased to a record level. Taras Vysotskyi, the Head of the Ministry of Agrarian Policy, said that in terms of production volumes, the marketing year 2023/2024 showed a record yield. He noted: “In 2023, the average grain ...

Monday, July 1

One of Ukraine’s largest agricultural holdings keeps investing during the war.

One of Ukraine’s largest agricultural holdings keeps investing during the war. The Deputy Director of MHP, Serhii Dobrohorsky, said that despite the war the company is investing in its development: the holding purchased grain wagons compatible with European track and increased i...

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