Business news from Ukraine

UKRAINE MAY NEED MOBILE GRAIN STORAGE DUE TO EXPECTED SHORTAGE OF STORAGE CAPACITY

12 June , 2022  

Ukraine would be grateful to Germany for assistance in unblocking the export of agricultural products and organizing mobile grain storage facilities due to the expected shortage of storage capacity this autumn, Prime Minister Denys Shmyhal said at a meeting with Federal Minister for Food and Agriculture of Germany Chem Ozdemir.
“According to preliminary estimates, in October we may not have enough storage facilities to store crops for 10-15 million tons. The Ministry of Agrarian Policy is considering the possibility of organizing mobile storage facilities,” he wrote in a telegram on Saturday.
Shmyhal stressed that Russia is deliberately destroying agricultural facilities, such as Ukraine’s second largest grain terminal in Nikolaev a few days ago.
In early June, the Ukrainian Grain Association (UGA) increased the forecast for grain and oilseeds harvest in Ukraine this season by 5.2% compared to the April forecast – up to 66.5 million tons.

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