Business news from Ukraine

UKRAINE BOOSTS SHARE OF PROCESSED FOOD OF TOTAL AGRICULTURAL EXPORTS TO EU IN H1 2015 – MINISTRY

28 August , 2015  

KYIV. Aug 27 (Interfax-Ukraine) – The Agricultural Policy and Food Ministry of Ukraine has reported that the share of processed food of the total agricultural exports to the European Union (EU) countries has grown.

“Gradually, Ukrainian agricultural producers started to use more new opportunities of exports of products after processing to the high-margin EU market,” Minister Oleksiy Pavlenko said.

He said that exports of poultry grew by three times, to $27.3 million, tomato paste – by 9.5 times, to $6.9 million, processed grain by almost two times, to $5.6 million, sugar and confectionary with sugar – by 1.8 times, to $17.8 million, and finished products made of grain – by 1.3 times, to $18 million.

In January-June 2015, egg products worth $4.5 million were exported to the EU, while a year ago Ukraine did not export eggs to the EU.

“Top-priority directions of development of the Ukrainian agricultural sector are the orientation to the increase of the share of processed food and products with high added value of total agricultural exports of Ukraine. This would allow us to increase currency proceeds of the national budget. The current results of exports to the EU show that Ukrainian products have large potential and good prospects on the global market,” Pavlenko said.