Agro industrial complex is one of the most competitive sectors of Ukrainian economics on foreign markets

Agro industrial complex of Ukraine is one of the most competitive sectors of Ukrainian economics on foreign markets, declared Vasiliy Tsushko, the Minister of Economics of Ukraine.

According to the Minister of Economics of Ukraine, grain and oilseed industries of Ukraine are the main branches of the agricultural industry of the country, which have high competitive capacity on the world market.

According to his data, in 2009/10 MY, the share of grains in the general cost structure of exports of agricultural products from Ukraine will total nearly 70%, which witnesses about high competitive capacity of Ukrainian grains as the export-oriented commodity.

Besides, the fat-and-oil complex of Ukraine became the single sector of agrarian production, which faces the balance of economic interests of the government, agricultural and processing spheres of production and the domestic consumption, due to establishment of economic measures of the market regulation. As a result, the industry continues active development tendencies and play the role of budget-forming industries of the agricultural sector with rather high export potential.

According to data of the Ministry of Economics, in 2008/09 MY, Ukraine took the third place in the world after the USA and the EU in the sphere of grain export volumes. According to the State Statistics Committee, Ukraine exported 24.7 mln tonnes of grains, including 12.7 mln tonnes of wheat (5.8 mln tonnes of milling wheat), 6.4 mln tonnes of barley, 5.5 mln tonnes of maize.

Source: AgriMarket.Info