EBRD will allocate USD 23 million credit to Agrotrade companies

The European Bank for Reconstruction and Development (EBRD) renders financing to the Ukrainian group of companies Agrotrade totaling USD 23 million.

New law on agricultural insurance guarantees compensation of half the policy cost – official

Ukrainian farmers could well insure their crops before, but the new law on insurance guarantees that the state will reimburse half the cost of insurance policies.

Agriculture ministry downgrades grain export forecast from Ukraine to 20 million tonnes

The Agricultural Policy and Food Ministry of Ukraine has downgraded its forecast for exports of grain from the country in the current agricultural year (July 2012 – June 2013) from early anticipated 22-23 million tonnes to 20 million tonnes.

Ukraine can make itself known on world food market.

Ukraine has a unique opportunity to make itself really known on the world food market. And as Russia lives thanks to oil and gas exports, Ukraine could live off food exports. But the foreign trade deficit problem holds back this development. And the risk of the hryvnia devaluation is present both this and next year, as economists predicted. The idea to make the hryvnia exchange rate stable at the expense of grain is correct, but it must be put into practice.

Ukraine to set up Land Bank with registered capital of 120 million UAH

The Cabinet of Ministers, by its Resolution 609 of July 2, 2012, creates a state land bank with a registered capital of 120 million UAH, according to the decree published on the government portal.

China will buy $ 3 billion worth of Ukrainian land

Ministry of Agriculture and the Export-Import Bank of China on June 28 in Beijing signed a memorandum of priority projects to invest in agriculture of Ukraine in the amount of $ 3 billion

Ukraine targets three million tonnes of maize sales to China

Ukraine, which hopes to produce more maize in 2012, plans to sell about 3 million tonnes to top consumer China, which has not so far been a market for Ukrainian grain, farm minister Mykola Prysyazhnyuk said. “We want to export the first 3 million tonnes of corn to China in the 2012/13 season,” Prysyazhnyuk told reporters on Friday.