Grain and Oilseeds
A new marketing year in the grain industry has begun. 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 and the grain market players in the 2020/2021 marketing year was signed jn July 1.
For the past ten years one of the key factors to maintain the balance between domestic grain consumption and export opportunities is the Memorandum. This document shall ensure transparency and flexibility of grain export issues that are important factors for successful export activities. After all, stability and predictability are a priority for Ukraine and one of the main factors of national and food security.
This document contains mechanisms for interaction of grain market participants, exchange of information on grain export prospects, monitoring of grain market functioning.
Production, processing and export of grain and oilseeds provide significant cash inflows to the budget and are important sectors of employment. In addition, they play an important role in ensuring the food and financial stability of the country.