World prices are boosting Ukraine’s earnings from the export of food, the nation’s biggest foreign currency earner. World food prices rose in October and November, hitting their highest levels in six years, according to the UN Food and Agriculture Organisation. The FAO said that November world food prices are 6% higher than one year earlier. One major Ukrainian export, vegetable oil, jumped 14.5% in November alone, hitting the highest price since March 2014. Cereal prices are up 20% compared to one year ago. Export prices for Ukrainian corn are up 36% yoy.
World prices are boosting Ukraine’s earnings from the export of food, the nation’s biggest foreign currency earner.
