News

The Cabinet of Ministers has approved the draft resolution, offered by the minister Oleh Nemchinov about establishment of the Economic Development Council of Ukraine.

The Ukrinform correspondent informs that the decision was made at the Government meeting on Wednesday.

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The Ministry for Development of Economy, Trade and Agriculture of Ukraine informs on its Facebook page that Ukraine is reducing its exports of wheat: in April, the average daily shipment of this product for export decreased three times in comparison to March.

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At an online briefing on Friday, April 3, Dmytro Kulena, the Minister of Foreign Affairs reported that the Ministry of Foreign Affairs would restart the Board of Exporters and Investors in order to more effectively support Ukrainian exporters under the conditions of the coronavirus pandemics.

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The prices grow under the conditions of de facto oversupply. Global reserves and harvest expectations are at record levels.

The Wall Street Journal has recently informed that the prices for wheat and rice in the world have rapidly increased because of the COVID-19 epidemics.

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The press service of Ukrainian Grain Association informs that in its April report Ukrainian Grain Association increased a forecast of cereal and oil crops for this marketing year for nearly 2 million tons.

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The Ministry for Development of Economy, Trade and Agriculture of Ukraine informs on its Facebook page that the Cabinet of Ministers of Ukraine at its extraordinary meeting has approved a resolution, which prohibits the buckwheat exports till July 1.

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The press-service of the Ministry of Economic Development, Trade and Agriculture of Ukraine informs that the Ministry has announced launching of an online platform, which will be used for informing exporters of measures aimed at prevention the spread of coronavirus.

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The press-service of “Ukrainian Agribusiness Club” (UCAB) informs that in January-February, 2020 Ukraine has exported agricultural products worth 3,7 billion USD and this is 8% more than in the previous year. At the same time agricultural products imports increased by 16% and now amounts to 1,1 billion USD. In total, the foreign trade balance of agro-food products amounted to 2,6 billion USD, which makes Ukraine a net exporter of these products.

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Andrii Zablotskyi, the head of the State Agency of Forest Resources of Ukraine informed on his Facebook page that in February 2020 enterprises belonging to the management sphere of the State Agency of Forest Resources of Ukraine increased processed wood exports by 25% (now it amounts to 68 thousand cubic meters) in comparison with December, 2019.

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“The Yevropeiska Pravda” informs that according to Ursula von der Leyen, the President of the European Commission, the European Commission approved new rules on passage of goods through the so-called “green corridors” to avoid queues and delays in deliveries.

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