Ukraine needs to become agricultural super-power

13:18, 24.02.2016 1 min read

Ukraine has a large potential to bolster agricultural production and its share on the global market, U.S. Ambassador to Kyiv Geoffrey Pyatt said at a ceremony for the signing of an agreement on Cargill's $100-million investment in a grain terminal of the Yuzhny port.

"Ukraine is already one of the world’s great agricultural producers, but it should be an agricultural superpower," the ambassador said.

About a quarter of the world's black earth lands are situated in Ukraine, and agricultural exports reached $14.5 billion in 2015, he said.

U.S. company Cargill and M.V. Cargo, operating in the Yuzhny seaport in the Odesa region, signed an investment agreement, on the construction of a grain terminal with the capacity of approximately 5 million tonnes, at the Ukrainian government's building on Wednesday.

The Ukrainian Agrarian Policy Ministry forecasts a growth of grain exports from 34.6 million tonnes in the previous marketing year to 37 million.