China is interested in increasing the supply of Ukrainian soybeans, peas, barley, wheat, as well as poultry and other products, the Ministry of Economy said, following a meeting between First Deputy Prime Minister – Minister of Economy Oleksiy Liubchenko and Chinese Ambassador to Ukraine Fan Xianrong on June 10. “Today we’ve heard from our Chinese partners confirmation of interest in deepening economic cooperation, increasing exports of Ukrainian agricultural products, building infrastructure and implementing joint investment projects in transport, construction, energy, IT and other areas,” the press service of the ministry said citing Oleksiy Liubchenko.
According to the report, the meeting was also attended by Deputy Minister Volodymyr Hryniuk and Deputy Minister-Trade Representative of Ukraine Taras Kachka, as well as representatives of the leadership of the Chinese Embassy in Ukraine.
The parties also noted the importance of signing an intergovernmental agreement on deepening cooperation in the construction of infrastructure in the near future, the ministry said.
“This step will allow starting preparatory work for the launch of investment projects, including the construction of the M-22 Poltava-Oleksandriya road and the first part of the Kyiv circular road – sections M05-M06, which will cost about $ 1.1 billion,” the ministry said.
It is also important to continue work on the development of freight traffic in the direction of China-Western Europe through the territory of Ukraine, the report notes.
In addition, the Chinese side stressed the importance of the implementation of the intergovernmental initiative of Ukraine and China “One Belt-One Road.” The matter concerns preparing a roadmap for the implementation of a program of cooperation between the two countries within the framework of the joint construction of the “Silk Road Economic Belt” and “21st Century Maritime Silk Road,” the ministry added.
Vinnytsia oil and fat mill of ViOil Industrial Group in 2018/2019 season has produced more nearly 89,000 tonnes of soybeans, which is 2.4 times more than last year.
According to the company’s press release, the combine processed over 17,000 tonnes of unrefined soybean oil and about 65,000 tonnes of soya oilseed meal.
The mill exports all processed soya products.
As reported, Kernel, one of the largest Ukrainian agrarian groups, in February-2019 acquired 5.85% of ViOil shares.
ViOil Industrial Group was created by Viktor Ponomarchuk in 2006 on the basis of agricultural assets of KMT industrial group.
Currently ViOil owns 13 granaries with a total capacity of 360,000 tonnes. The group exports products to more than 60 countries.
Ukraine has started sowing soybeans, planting 31,000 hectares (2% of the forecast) with this crop, the press service of the Ministry of Agrarian Policy and Food has reported.
According to the ministry, as of April 17 some 1.5 million hectares are sown with barley (94%), 150,000 hectares with wheat (90%), 165,000 hectares with oats (84%), and 283,000 hectares with peas (83%).
Ukraine has also sowed 264,000 hectares with corn (6%), 194,000 hectares with sugar beets (79%), and one million hectares with sunflower (18%).
In addition, according to the ministry, agrarians fertilized winter crops on 7.5 million hectares (99% of the forecast).
