Corn processing will be exempt from the additional tax burden in Ukraine

Published 2021년 11월 24일

Tridge summary

Ukraine is set to harvest a record 40 million tons of corn in 2021, with plans to process it into fuel, energy, and feed products like starch, glucose, and amino acids, as part of a strategy towards energy independence. The Ministry of Agrarian Policy and Food will exempt the corn industry from many taxes and provide preferential investment terms. This is part of a larger strategy to increase the value of the country's agricultural output by tens of billions of dollars.

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Original content

In 2021, Ukraine will harvest 40 million tons of corn. There have been no such indicators in our country in the country's history. The next stage is the processing of this culture. This was reported by the press service of the Ministry of Agrarian Policy and Food. “The next stage of agrarian policy is a deep reworking of the key culture of our country. It will be its own gas, its own fuel and its own quality feed: starch, glucose, amino acids, and dozens of other items that will provide Ukraine with added value of tens of billions of dollars. And this is more than we have today. It is the basis of the next stage of crop development, "said Minister Roman Leshchenko. The Minister also believes that corn will ensure energy independence for Ukraine. It is noted that the strategy of the Ministry of Agrarian Policy is to exempt ...

Source: Landlord