Ukraine's Agrarian Fund boosts flour exports by 70% in 2017

"The [global] agrarian sector really sees record levels. We have also contributed to exports and export revenue, which arrived in Ukraine," he told Novoe Vremya. "The Agrarian Fund in particular exported 17,000 tonnes of flour. This is 70% up year-over-year."

Read alsoUkraine boosts revenue from agriexports by quarter in 10 monthsHe predicts that the positive dynamics will be maintained in the coming season, as the Fund is taking measures to increase its processing capacity. The company's management is in talks with a Turkish company, which produces milling equipment.

"We're considering the possibility of building a modern milling complex. We're trying hard to raise Turkish financing under the project. I think in the near future we'll be able to sign a contract on milling equipment. It will take about a year to build and commission the facility," Radchenko said.

In his words, Ukraine should move along the path of global modernization and the development of the processing industry to boost national exports of added-value products. In particular, the country should engage investors in the construction of new facilities with added-value processing of grain and food in general.

In the retail segment, the Fund focuses on packed produce. Flour has been and remains its staple product, Radchenko said. But in 2018, the company will also include other grocery products, like sugar, rice, etc.