$30 billion worth of exports in Ukraine: We have ten, we are collecting twenty

Published Jul 29, 2022

Tridge summary

The article highlights the significance of agricultural exports to Ukraine's economic stability, with grain and oil crop exports alone bringing in $10 billion in 2021 and projections for this year at $20 billion. Minister Mykola Solskyi emphasized the critical role of maintaining safe transportation through Ukraine's sea ports, citing the Istanbul agreement as a key measure in increasing grain exports and reducing logistics costs for farmers. The minister warned of potential global food shortages if Ukrainian farmers cease planting due to cash flow issues, emphasizing the need to maintain stable agricultural production to ensure local and global food security.

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Original content

Export balances of grain and oil crops for 2021 amount to $10 billion, this year's agricultural exports are estimated at another $20 billion. The receipt of such funds, first of all, guarantees the further functioning of the agricultural sector of our state. This was emphasized by the Minister of Agrarian Policy and Food of Ukraine Mykola Solskyi during a press conference on the topic: "Safe transportation of grain and food through sea ports of Ukraine." "The Istanbul agreement is a great work done by the military and the team of the Ministry of Infrastructure. It directly affects many processes taking place in the world, but primarily in Ukraine," he said. According to the Minister, the main reason for the threat of world hunger or a possible food shortage in Ukraine may be that Ukrainian farmers will not have money, and therefore, the motivation to continue planting. With the unblocking of sea ports, the volume of grain exports should increase. In addition, logistics will be ...

Source: Infoindustria