Ukraine exported domestic and rice buckwheat seeds for the first time

Published 2020년 6월 25일

Tridge summary

Ukraine has started exporting domestic rice and buckwheat seeds to Kazakhstan and Moldova, respectively. The seed market in Ukraine is projected to grow by over 30% by the end of 2025, reaching $2.5 billion. In the first four months of 2020, seed exports brought in $12.9 million. Ukraine sells wheat seeds at half the price it buys them and sorghum at 15 times less. The majority of its seed sales are hybrid corn seeds to Belarus, Georgia, Moldova, and Kazakhstan.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

For the first time, Ukraine shipped domestic rice seeds (40 tons) to Kazakhstan and resumed the sale of buckwheat seeds (3 tons). This was reported by AgroTimes, writes agronews.ua. Sugar beet seeds worth $ 126.1 thousand (4 tons) were exported to Moldova, and seed sorghum (298 tons) - to Kuwait. According to Oleksandr Zakharchuk, Doctor of Economics, Head of the Investment and Logistics Department of the Institute of Agrarian Economics, the capacity of the seed market in Ukraine is constantly growing and by the end of 2025 it is expected to grow by more than 30%, or up to $ 2.5 So in the medium and long term, exports of domestic seeds may increase tenfold - up to $ 1-1.5 billion. Currently, seed exports in the first four months of 2020, according to scientists, amounted to only $ 12.9 million. In particular, corn seeds sold for $ 1573 / ton (import is more than three times more expensive - $ 4826 / ton). The situation is the same with sunflower seeds - ...

Source: AgronewsUA