Daniel Bilak, chief investment advisor to Ukrainian Prime Minister, Volodymyr Groysman, and CEO of UkraineInvest – a company aimed at promoting investment in Ukraine – envisages a number of growth areas to strengthen trade links between Ireland and Ukraine, according to AgriLand, Ireland's farming news portal.
UkrAgroConsult consultancy on Tuesday revised down its forecast for Ukraine's 2017 maize harvest by 2%, to 25.5 million tonnes from the previous outlook of 26 million tonnes due to a yield decrease caused by a poor weather, according to Reuters.
The Cabinet of Ministers of Ukraine intends to develop before August 1 a target program for the support of Ukrainian farming, according to Prime Minister Volodymyr Groysman.
Ukraine saw a 0.9% decline in agricultural production in January-May 2017 year-over-year, according to the State Statistics Service of Ukraine.
Ukraine's Cabinet of Ministers plans to increase financial support of agrarians from the national budget's general fund to UAH 8 billion, or nearly US$308 million, by 2020 from UAH 5.5 billion, or US$212 million, this year.
Ukrainian agrarians exported 330,000 tonnes of flour in the nine months of the 2016-2017 marketing year, or July 2016 through March 2017, which was 16% up on year-over-year, according to the UkrAgroConsult consulting agency.