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| Caucasus/Russia/Central Asia |
| Ukraine announces the 'death' of the grain market and the losses of farmers |
| 2023-08-28 |
| Direct Translation via Google Translate. Edited. [Regnum] After the completion of the grain deal, the agricultural sector of Ukraine has found itself in a stalemate, and Ukrainian farmers are suffering huge losses. This was reported on August 27 by the American newspaper The Wall Street Journal. Valery Kolosha, a farmer from the Chernihiv region , told Western journalists that the grain market is “dead” for Ukrainian producers. “I'm just trying to keep my head above water,” the entrepreneur lamented. He said that he lost the opportunity to sell the grown grain. Now, due to a sharp drop in income and rising costs, he is struggling to break even by switching from grain to growing sunflowers. Other participants in the Ukrainian market also complained about huge losses due to the completion of the grain deal. Experts noted that grain prices increased on the world market, while at the local Ukrainian market they decreased due to a reduction in supplies abroad. So, for example, Ukrainian farmers receive $160 per ton of wheat, which goes to the country's ports on the Danube, while in neighboring Romania the fee is $215. As IA Regnum reported, on July 17, Russia officially notified the UN, Turkey and Ukraine of the suspension of the Black Sea Grain Initiative. The reason for this decision was that not one of the promises given to Russia at the conclusion of this agreement was ever fulfilled. As part of the agreement, Russia provided a safe maritime corridor for agricultural cargo - grain and fertilizer - from Ukraine. On August 16, the first ship left the port of Odessa along the temporary corridor opened by Kiev in the Black Sea. The second vessel with grain entered the Black Sea on August 26. Bulgaria, Hungary, Poland, Romania and Slovakia on August 25 agreed on an appeal to the European Commission demanding an extension of the ban on grain imports from Ukraine until the end of 2023. In May 2023, the European Commission banned the export of wheat, corn, rapeseed and sunflower from Ukraine to Bulgaria, Hungary, Poland, Romania and Slovakia. At the same time, transit through these countries was allowed. Associate Professor of the Department of Economic Theory of the Russian University of Economics GV Plekhanova Ekaterina Novikova, in an interview with a Regnum correspondent , said that within the framework of a non-working grain deal, establishing a full-fledged grain export from Ukraine is rather problematic. |
| Posted by:badanov |