Ukraine’s Agriculture Ministry is ready to impose measures to defend the local grains market if a sharp devaluation in the country’s hryvnia currency causes a jump in exports, says Deputy Minister Volodymyr Lapa.
The European Bank for Reconstruction and Development said it had identified 10 agribusiness firms prepared to invest $1 billion in Ukraine in the next year, part of a strategy to help its economy recover from conflict with pro-Russian rebels.
Moscow imposed a total ban on imports of many Western foods on Thursday in retaliation against sanctions over Ukraine, a stronger-than-expected measure that isolates Russian consumers from world trade to a degree unseen since Soviet days.
Dmitry Zhdannikov and Natalia Zinets
August 07, 2014
Ukrainian farmers hope for help from the International Monetary Fund as the country’s financial and political crisis has toughened lending conditions during the key spring sowing campaign, farmers and bankers say.
Polina Devitt and Pavel Polityuk
April 30, 2014
Ukraine’s coming corn crop could in the worst case drop by a third to 20 million metric tons as the current crisis prompts banks to reassess risk, making it hard for farmers to get funding for seeds and other necessities, traders and analysts say.
It used to take Alex Oronov 24 hours of flight time to shop for North Dakota farm machinery. Now, it takes him less than an hour.
Oronov is head of a Ukrainian agribusiness that is operating a “model farm” that serves as a dealer location for North Dakota farm equipment, supplies and expertise. The farm is 50 miles southeast of Kiev, the capital, on farmland that is similar to the fertile Red River Valley of North Dakota and Minnesota.
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