News From Agro-Industrial Complex

The Ukrainian Grain Association has updated its estimate of the potential crop in 2023, increasing it by another 3.7 MMT to 80.5 MMT of grains and oilseeds. As a reminder, in 2022, the UGA the harvest reached 73.8 MMT of grains and oilseeds.

The increase in the forecast for this year’s harvest is due to favourable weather conditions and better crop yields than expected, although the area planted is almost 2 million hectares less than last year.

Ukrainian farmers are not expected to reduce the area of winter wheat they sow for the 2024 harvest despite higher logistics costs due to the wartime export crisis, a senior farming official told Reuters on Tuesday.

The second vessel blocked due to the war has left the port of Odesa and is now sailing through a temporary corridor.

Ukraine’s path to the European Union is unchanged, and an important part of it is the development of fast logistics in the western direction. This was stated by Prime Minister Denys Shmyhal at a Government session on 22 August.

According to the Prime Minister, the Government has set three key tasks to improve the functioning of the Ukrainian-European border.