The war has accelerated Ukraine’s transition from a commodity-based to a food-based economy.
Tuesday, September 27, 2022

The war has accelerated Ukraine’s transition from a commodity-based to a food-based economy.

 According to Deputy Minister of Agricultural Policy Taras Vysotsky, agricultural producers and farmers have realized that it is very risky to concentrate on one or two grain and oil crops. He pointed out that one of the pieces of evidence of the transition to the food model is the stable growth of dairy product export, which has been the highest in the last two years. Also, according to the minister, the livestock numbers in industrial pig farming and poultry farming are increasing. This is explained primarily by the decrease in the price of fodder, and the trend towards the development of animal husbandry will continue. Moreover, investment in bioenergy is also growing. The sector realized that producing bioethanol, biogas, and biomethane is much more profitable than selling raw materials and then buying natural gas at exorbitant prices. Another developmental direction is the increased processing of grain crops: the production of flour, ready-made pasta, amino acids, etc.

Previous post
Due to war and drought, world grain reserves will be reduced to a 10-year low.

Due to war and drought, world grain reserves will be reduced to a 10-year low.

Next post
Horizon Capital created a new fund for investment in Ukrainian companies.

Horizon Capital created a new fund for investment in Ukrainian companies.

Previous Main Topics