Agriculture

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...

Wednesday, June 26

Next season, Ukraine will export more than 60% of its agricultural products. Currently, exports are 3% higher than last year.

Next season, Ukraine will export more than 60% of its agricultural products. Currently, exports are 3% higher than last year. In the 2024-2025 marketing year (July-June), Ukraine will be able to export more than 60% of the agricultural products it produces, despite constant shelling of critical infrastructure and problems wi...

Tuesday, June 25

Ukraine has already collected 100 000 tons of grain from the new crop; this season, 56 million tons will be threshed.

Ukraine has already collected 100 000 tons of grain from the new crop; this season, 56 million tons will be threshed. Head of the Ministry of Agricultural Policy, Taras Vysotsky, said that as of June 20, 50,000 tons of the 2024 harvest had been harvested, and this week the figure has exceeded 100,000 tons. The main c...

Monday, June 17

How has the war affected the profitability of agricultural production in Ukraine?

How has the war affected the profitability of agricultural production in Ukraine? According to the Ministry of Agricultural Policy, since July 2023 the profitability of the main crop types has been steadily improving. However, grain production has not yet broken even, and the profi...

Thursday, June 13

Should Ukraine open its land market for EU citizens?

Should Ukraine open its land market for EU citizens? According to Dmytro Lyvch, co-founder of the Center for Economic Recovery, allowing EU citizens and legal entities to enter the Ukrainian land market will benefit both foreigners and Ukrainians. This ...

Monday, June 10

The basis of the Ukrainian negotiating position during its accession to the EU will be a development strategy for the agricultural sector.

The basis of the Ukrainian negotiating position during its accession to the EU will be a development strategy for the agricultural sector. The Deputy Prime Minister for European integration, Olga Stefanishyna, noted at the Strategy for the Development of Agriculture and Rural Areas through 2030 presentation that the agricultural sector i...

Wednesday, June 5

Ukraine’s largest chicken producer sees its profits decrease by 67%, and losses from the war reach $10M.

Ukraine’s largest chicken producer sees its profits decrease by 67%, and losses from the war reach $10M. MHP Agroholding, in the first quarter of the year, earned $16M in net profit, which is less than a third of the result from the first quarter of 2023 ($49M), according to a report from the London Stoc...

Monday, June 3

Ukraine will export some agricultural products to the EU under new rules.

Ukraine will export some agricultural products to the EU under new rules. Acting Minister of Agricultural Policy Taras Vysotskyi said that on June 5, updated rules for duty-free trade in agricultural products with the EU will come into effect and will be valid for one year....

Friday, May 24

How has the war changed Ukraine’s agricultural sector?

How has the war changed Ukraine’s agricultural sector? At the Zmiiv vegetable factory in the Kharkiv region, cucumbers and tomatoes are no longer grown; instead, borscht vegetables and berries are planted in open ground. The company will plant 30 hectares...

Wednesday, May 22

Experts outline the EU’s fears: Ukraine can potentially turn the agricultural market in European countries upside down.

Experts outline the EU’s fears: Ukraine can potentially turn the agricultural market in European countries upside down. Agricultural expert and a founder of Zeminvest Oleksandr Chornyi emphasized that Ukraine has extraordinary agrarian assets that places it among global leaders. “Ukraine ranks sixth in the world ...

Tuesday, May 14

Last year, Ukraine’s export of agricultural products to the EU decreased by 27.5%.

Last year, Ukraine’s export of agricultural products to the EU decreased by 27.5%. According to Eurostat data, the total value of Ukrainian agricultural goods imported by the EU in 2023 decreased compared to 2022 by 27.5%, or by €3.6B, to €9.5B. As a result, Ukraine’s share among EU...

Thursday, May 9

Due to the non-taxation of 40% of the grain harvest, Ukraine has lost billions of dollars.

Due to the non-taxation of 40% of the grain harvest, Ukraine has lost billions of dollars. Against the background of the war, Ukrainian farmers are resorting to “optimization” of grain taxation, which is why about 40% of the grain harvest avoids it altogether. Over the past two ...

Tuesday, May 7

USAID is investing $250M in the Ukrainian agricultural sector, which will increase exports by $1.5B and attract $500M in private investment.

USAID is investing $250M in the Ukrainian agricultural sector, which will increase exports by $1.5B and attract $500M in private investment. Deputy Administrator of USAID Isobel Coleman said: “I am pleased to present the launch of the USAID Harvest program, which is directly aimed at investing in the future of the agricultural sector...

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