The Ukrainian agricultural sector has become more dependent on Turkey, experts have told how profitable it is

Market & Price Trends
Innovation & Technology
Published Feb 29, 2024

Tridge summary

Ukraine and Turkey are reportedly planning to establish a free trade zone, with Turkey assisting Ukraine in reconstruction and grain trade. This arrangement is complicated by Turkey's unique relationship with Russia and its role in reselling Ukrainian grain. While Turkey benefits from the current situation, Ukrainian farmers are also profiting, albeit under challenging conditions. Experts recommend that Ukraine should optimize the benefits from this situation, a goal that the proposed free trade zone could help achieve.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

According to experts, Ukraine and Turkey are preparing to open a free trade zone, but relations between the countries remain confused. This is reported by UNIAN. Turkish partners are helping Ukraine rebuild and trade in grain, while continuing to compete and maintain a special relationship with the Russian Federation. Turkey acts as an intermediary for the resale of Ukrainian grain. President Erdoğan makes money from cooperation with Ukraine, but without such mediation, Ukraine will have problems with reconstruction and exports. According to experts, Ukraine should get the most out of the current situation, which should be facilitated by the free trade zone. The integration of the Turkish and Ukrainian economies is intensifying. The war also strengthened Ukraine's dependence on Turkey. Ukrainian farmers are forced to sell grain and oil through Turkish mediation, as Turkey controls the straits in the Black Sea. The current situation is beneficial to the Turks, but Ukrainian farmers ...
Source: Agropolit
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