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Ukraine intends to buy buckwheat in reserve

Source : 112 Ukraine

The Ministry of Economic Development, Trade and Agriculture is working out ways to do this transparently
17:19, 8 July 2020

Ukraine intends to buy buckwheat in reserve
Open source

Ukraine has an intention to buy buckwheat in reserve. This was announced by Minister of Economic Development, Trade and Agriculture Ihor Petrashko, Interfax-Ukraine reports.

"Yes, this year we planted 74,000 hectares, which is 10,000 hectares more than in 2019. However, we need to start buying in reserve. We are now working on corporate governance. So far there have been questions to SFGCU (State food and grain Corporation of Ukraine – 112 International),” he said.

The minister also noted that the ministry was working out ways to do this transparently in order to avoid any abuses.

Related: Ukraine to apply special duties on coal imports from Russia

It is worth noting that the export of buckwheat was banned in Ukraine until July 1, 2020. According to the Ukrainian government, this was a temporary measure to protect the domestic market

As we reported earlier, the agriculture consultancy agency changed the forecast for the export of soybean from Ukraine in 2019-2020.

According to the updated date, it will increase by 6.3% or up to 2.55 million tonnes. Meanwhile, in 2019, the soybean harvest declined by around 9% (up to 4.35 million tonnes).

Related: Ukraine almost doubles its pork imports during lockdown

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