News From Agro-Industrial Complex

The customs duties on grain exports present a serious risk to the economy of the country and the balance of payments, declared Petr Poroshenko, Head of the Council of the National Bank of Ukraine, on October 5.

P.Poroshenko stressed that to date the current account deficit and the risk of deficit of the balance of payments are the key risks for the country.

Land reform has started up in Ukraine. In the course it provides the creation of special public institution for land management, the ban on land sales to foreigners and legal entities, limitation of the areas one buyer can get. How much will the land cost? What a farmer needs to know to avoid a bad bargain, and when will the sale of land start? Guests of “IZVESTIA” in Ukraine” Press Club were searching for the answers to these questions.

Ukrzernoprom Agro, one of the largest farming companies in Ukraine based in Kyiv, began gathering the 2010 harvest. On June 20 Ukrzernoprom Agro started the harvesting campaign of early grain crops in husbandries of Crimea and Odesa region," the company has announced in a statement. The company says early grain crops and rapeseed acreage for harvesting makes 57,900 hectares.

Ukraine planted spring grains on 7.48 million hectares, or just over 98% of the planned total area, to June 8, the agriculture ministry reported Thursday.