Export of Ukrainian agricultural foods to the countries of the European Union in 2021 grew in monetary terms by 33% compared to 2020, to $8.3 billion due to an increase in the supply of agricultural products to foreign markets and its rise in price, according to a posting on the website of the Ukrainian Agribusiness Club (UCAB) on Wednesday.
According to UCAB, the peak months for the export of agricultural products from Ukraine to the EU were December ($1 billion), October ($0.98 billion) and November ($0.97 billion). The lowest export rates were recorded in July ($0.48 billion), April ($0.49 billion) and March ($0.5 billion).
In 2021, nine quotas for duty-free exports to the EU have also been fully used, namely for honey, cereals, flour, starch, processed starch, processed tomatoes, grape and apple juice, chicken eggs, poultry meat (parts), and processed cereal products.
“Compared to 2020, the situation has changed with the use of quotas for the supply of sugar and corn to the EU, or rather with their incomplete use. As for sugar, last year the quota was used by 87% due to a shortage in the domestic market of this product. At the same time, the quota for corn was used by only 5% due to increased demand for this type of grain and the availability of more attractive export channels for Ukrainian farmers,” UCAB said, quoting its analyst Svitlana Lytvyn.
In addition, UCAB said that as of January 18, 2022, Ukraine has fully used the first-quarter quotas for the export of eggs and poultry meat to the EU, as well as the annual quota for the export of honey.
As reported, Ukraine in 2020, within the framework of a free trade area (FTA) agreement with the EU, fully used 11 quotas for duty-free export of agricultural products, while in 2019 there were 12 of them.
