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Ukrainian Grain Exports Increased Almost 3 Times During Three Months

Ukraine is gradually increasing exports. In July, Ukrainian exporters delivered 2.7 million tons of grain, which is almost three times higher than in April (1 million tons).

This was announced by Yuliia Svyrydenko, First Vice Prime Minister – Minister of Economy of Ukraine, after meeting with representatives of agricultural business of Cherkasy Oblast. 

According to her, a dialogue is currently ongoing concerning the prolongation of quotas for the exportation of products for Ukraine by foreign partners.

The Minister of Economy also mentioned that there was a noticeable trend towards an increase in prices for export agricultural products. At the same time, the cost of chartering ships to Turkey halved, and the cost of cargo insurance decreased from 4 to 1.5%. These factors will have a positive effect on the stabilization of Ukrainian agricultural enterprises.

“The Ministry of Economy is also making efforts to ensure that entrepreneurs’ applications to extend the deadlines for settlements for export-import operations (return of foreign exchange revenue) are processed as quickly as possible. Another mechanism for supporting the agro-industrial sector is the “5-7-9%” credit program. As of 1 August, more than 27,000 agricultural enterprises have received credits for a total of UAH 50.7 billion,” said Yuliia Svyrydenko. 

Employee reservation is the key to the functioning of agribusiness. In order to accelerate and improve the process, the Ministry of Economy has developed amendments to legislative and regulatory legal acts that optimize reservation mechanics, including through digitalization.

“The most important thing is that the Government is in constant communication with representatives of agrarian business and is constantly working on new mechanisms to support it during the war,” emphasized the Minister of Economy.

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