kalagostarhekmat.com: Ukraine became the second country in the world in terms of foreign exchange earnings from grain exports - expert

Ukraine became the second country in the world in terms of foreign exchange
earnings from grain exports - expert
================================================================================
kala در 29/06/2020 13:47:00


In 2019/20 MY, Ukraine earned $ 9.6 billion in grain supplies and became the
second country in the world in foreign exchange earnings from grain
exports. This was announced on June 25 at a press conference by the head of the
Ukrainian Grain Association Nikolai Gorbachev.“Ukraine has not bypassed the
United States alone, but for example, the United States grows 350 million tons
of corn and exports more than 50 million tons. Ukraine this year produced 35
million tons of corn and exported 30 million tons. There is still room to
grow. But we have already left behind such large countries as Russia,
Argentina, Brazil, ”he said.According to N. Gorbachev’s forecasts, the
picture of grain exports will not globally change in the next season, and
Ukraine will remain in the lead.The head of the UGA also noted that Ukraine
could enter new grain sales markets and increase supplies to Europe, where this
year there was a low yield.“The main promising market for Ukraine will be
Asia, especially China and Indonesia. A new generation is growing up there that
consumes less rice, but more wheat; in addition, there is a positive
demographic situation. Europe is also a promising area, where last year we
exported 10 million tons of corn, and a year earlier - 14 million tons. This
season, Europe did not have a very good harvest, so we can also expect an
increase in exports, ”said the expert.According to N. Gorbachev, Ukraine
produces three times more grain than it consumes, and in the coming years it is
unlikely to be able to increase domestic consumption, therefore it can
potentially increase export and income in foreign currency.