According to the decision of the Kyiv Pechersk district court on September 29 this year, arrest on the accounts of subsidiaries of the company, which were blocked in the proceedings initiated by the General Prosecutor's Office - was removed.
Ukraine might lose its second largest wheat export market, Egypt, due to new wheat import requirements that favour rival Russia, Ukraine's acting agriculture minister Maksym Martyniuk said.
Ukraine is widely regarded as the ‘breadbasket of Europe’. Yet, the government, under pressure from the International Monetary Fund, has been cautious to opening up the sale of agricultural farmland to foreign investors.
Agriculture is one of the most powerful branches of the economy of Ukraine. Today almost every second dollar which Ukraine gets due to exports of goods is the money received from selling grains, oil, sugar, poultry and other agrarian commodities. But doing agrarian business in Ukraine is not as simple as it may seem. You should be really smart, persistent and ready for any surprises from the Government, says Leonid Kozachenko, the President of the Ukrainian Agrarian Confederation, Ukrainian MP.
Ukrainian agrarians are the main power which makes economy of the country recover after two-year recession. Ukraine is starting to live up to its reputation as Europe’s breadbasket, says Bloomberg in the article 'New ‘Locomotive’ Powering Ukraine as Economy Retools After War'.
Exports of wheat, barley and sunflower oil are at or near all-time highs, part of an agricultural revival that began to take hold in 2013. The industry’s rise coincides with declines in export mainstays such as steel and iron ore, which are produced largely in the nation’s east and have suffered amid the conflict there with Russian-backed insurgents. Trade data due Tuesday are set to underline the shift.
The introduction of antidumping duties imposed on Russian urea and urea-ammonium nitrate (UAN) should be postponed until Ukrainian parliament passes the bill concerning zero nitrogen fertilizers duties for other countries.
The battle between farmers and Ukrzaliznytsia is going on. "Record Harvest Spells More Trouble for Conflict-Hit Ukraine" is a title of new Bloomberg's article.
According to Bloomberg, as if Ukraine’s battered economy and political conflicts with Russia weren’t dismaying enough, a logjam on the country’s Soviet-era rail network is preventing some farmers from shipping bumper harvests in the breadbasket of Eastern Europe.
In January-September of 2016, the production volumes of agricultural commodities in Ukraine increased by 0.9% compared with the same period in 2015 at the expense of rising production volumes of plant growing commodities, announced the State Statistics Service of Ukraine on October 13.
The prolonging of the moratorium on sale of the agricultural land for one more year alone does not solve the problem of the Ukrainian farmers. Actually, it will just mean the extension of "convulsions". This is the conclusion of the Ukrainian Agrarian Confederation lawyers.
As of October 4, Ukrainian agrarians harvested 45.08 mln tonnes of grains throughout the areas of 11.149 mln ha, or 78% of the plan. The average yield totaled 4.04 t/ha, reported the Ministry of Agrarian Policy and Food of Ukraine. At the same time, on the same date last year the production volumes reached 43.5 mln tonnes.