Ukraine has completely exhausted Euro quotas for 7 types of products

Published 2021년 8월 12일

Tridge summary

Ukrainian agro-industrial exports to the EU increased by 10% in the first seven months of 2021 compared to the previous year, reaching $3.7 billion. Ukraine has fully utilized quotas for duty-free exports of agri-food products to the EU for seven groups of goods. However, quotas for sugar and corn were not used due to market shortages and demand from China. Experts warn that quotas on processed cereals, starch, and corn could potentially be closed by the end of the year. Ukraine ranked as the fourth largest supplier of agri-food products to the EU in 2020, following Britain, Brazil, and the United States.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This was reported by the press service of the Ukrainian Club of Agrarian Business. "For 7 months of 2021, exports of Ukrainian agro-industrial products to the EU increased by 10% compared to the same period last year to $ 3.7 billion," the statement said. As of August 1, Ukraine has fully used quotas for duty-free exports of agri-food products to the EU for 7 groups of goods: honey, cereals and flour, processed starch, processed tomatoes, grape and apple juice, poultry meat (volume for 3 quarters), eggs (volume for 3 quarters). "Compared to the same period last year, the quota for 2 groups of goods was not used: sugar and corn. The sugar quota was not used due to the shortage on the Ukrainian market, and for corn - due to significant demand from China and the redirection of volumes through this sales channel, "- added in UCAB. According to experts, quotas on processed cereals (currently used 99%), starch (78%) and corn (74%) could potentially be closed by the end of the ...
Source: Agravery

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.