The Ukrainian agricultural sector risks losing $3-4B annually due to insufficient export volumes.

Currently, Ukraine exports about three million tons of grain per month. If this indicator is not increased to 5.5-6 million tons, the domestic agricultural sector may lose $3-4B per year, the Parliamentary Committee on Agricultural Policy calculated.

According to committee representative Dmytro Solomchuk, the harvest is expected to be larger than forecast at 75 million tons. Given these figures and domestic consumption, it is necessary to export at least 5.5-6 million tons of grain per month so that no surpluses will be transferred to the next harvest.

Solomchuk added that if exports are not increased, it will be difficult for farmers to pay rent for farmland and purchase seeds and fertilizers for next year due to their losses. “This can lead to a decrease in the quality of crops and a smaller harvest in the next season,” he added.