Taking advantage of the emerging US-China trade war, Ukraine plans to boost exports of grain and cooking oil to China
Friday, August 3, 2018

Taking advantage of the emerging US-China trade war, Ukraine plans to boost exports of grain and cooking oil to China

Taking advantage of the emerging US-China trade war, Ukraine plans to boost exports of grain and cooking oil to China, Reuters reports from Melbourne. “The first reason is China’s consumption to rising, and the second is the trade war with the United States,” Nikolay Gorbachov, president of the Ukrainian Grain Association, said prior to an industry conference in Australia. Through 2023, he predicted that Ukraine could boosts its grain exports by as much as 45%, to 65 million tons. With almost all arable land under production, the growth will be through productivity. He said: “We grow 4 tons of wheat per hectare, and Europe produces 8 tons. For corn, we have 6 million tons, whereas in Iowa they have 12 tons per hectare. So there is big scope to increase yields.”

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