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Grain and Oilseeds

03/ 10/ 2019

Business and MinRETS signed a Memorandum of Cooperation in the grain market

The grain sector plays an important role in the agricultural sector of Ukraine and has great potential for development. Thus, according to market operators, grain exports from Ukraine will increase to 70 million tons in the coming years. In particular, Ukraine exported a record volume of grain – 50.4 million tons in  2018/2019 marketing year. In January-June 2019, the grain export amounted to 26.2 million tons. Accordingly, the production, processing and export of grain and oilseeds provide significant budget revenues and are important sectors of employment for the population of the country. In addition, grain sector plays an important role in ensuring the food and financial stability of the state.

The European Business Association is pleased to announce that this year the Memorandum of Understanding between the Ministry of Economic Development, Trade and Agriculture of Ukraine (MinEDTA) and the grain exporting entities in the 2019/2020 marketing year was signed today, 3 October. This document contains mechanisms for interaction of grain market participants, exchange of information on grain export prospects, monitoring of grain market functioning.

The EBA would like to extend its gratitude to the MinEDTA for the open dialogue and effecient cooperation with the leading grain market players of Ukraine.

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