Business news from Ukraine

Business news from Ukraine

UKRAINE TO RAISE UP PRODUCTION OF AGRICULTURAL PRODUCTS BY 2030

6 February , 2022  

Until 2030, Ukraine will increase the harvest and production of the main types of agricultural raw materials, which will allow the country to consolidate the status of a constantly growing producer and exporter of grains, oilseeds and sunflower oil, while a reduction is expected in production of sugar, milk and beef, the Ukrainian Agriculture Export Association (UAEA) reported.
As the UAEA told Interfax-Ukraine on Friday, the relevant data are contained in a joint report by the Food and Agriculture Organization of the United Nations (FAO) and the Organization for Economic Co-operation and Development (OECD), which compares the average annual production of the main types of agricultural products for 2018-2022 with projections in 2030.
Thus, the growth of the corn crop in Ukraine is projected from 33.99 million tonnes to 44.01 million tonnes (29.4% more), wheat – from 26.01 million tonnes to 35.86 million tonnes (37.8% more), and oilseeds – from 22.04 million tonnes to 26.29 million tonnes (19.3% more).
During the specified period, an increase in production of vegetable oil is also expected from 6.88 million tonnes to 8.4 million tonnes (22.1% more), poultry meat – from 1.15 million tonnes to 1.54 million tonnes (33.9% more), pork – from 0.71 million tonnes to 0.82 million tonnes (15.5% more), and fish and seafood – from 99,000 tonnes to 101,000 tonnes (2% more).
At the same time, Ukraine is projected to reduce milk production from 9.82 million tonnes to 8.93 million tonnes (9.1% less), sugar – from 1.38 million tonnes to 1.24 million tonnes (10.1% less) and beef – from 0.37 million tonnes to 0.33 million tonnes (10.8% less).
“The current forecasts of international organizations almost always consider Ukraine as a constantly growing producer and exporter of grains, oilseeds and sunflower oil, that is, our status as a supplier of raw materials to the world market will be strengthened,” the association summed up.

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