Petro Melnyk’s comment about the situation with grain exports to Bloomberg

The situation with the export of Ukrainian grain does not leave many people in the world indifferent. After all, the state of global food security depends on how quickly and in what volumes Ukraine will resume supplies of raw materials abroad.

In the columns of the influential publication Bloomberg, Petro Melnyk, executive director, co-owner of Agricom Group and president of UKAB, talked about the situation with the seed in the agricultural holding and the problems that currently prevent the establishment of sufficient export supply.

“Agribusiness Agricom Group has also lost about a third of the land it usually sows”, – said CEO Petro Melnyk. It will start planting winter-crops next month and wheat and rye is expected to be sown on about 15% of the available area, down from 25% to 35% normally. 

While the newly opened grain-export corridor is helping sales, the pace isn’t yet fast enough to significantly bolster wheat prices that remain below growing costs”, – Melnyk said.

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