Wednesday, 12 April 2017

Ukraine continues to support farming

Ukraine’s Minister of Agriculture, Taras Kutovyi, has presented the year’s results to the Parliamentary Economic Committee with the main achievements including state support, market expansion, land reform and privatization of state enterprises.

"Budget support has increased 15 times - this year is $5.45 billion - and 1% of agricultural production will be directed to support farmers, this program is fixed for 5 years" said Kutovyi.

The Minister said that Ukraine significantly increased foreign trade of agricultural products to $19.6 billion or 26% of the total foreign trade.

Other points noted by the Minister was Ukraine produced 66mmt of grain and that the agricultural sector is the driving force for the economy.

Expect Ukraine to keep producing and exporting more agricultural products.