Evolution of Agribusiness in Ukraine over 30 Years

by Anna Gayduk
Thursday, November 4, 2021
Evolution of Agribusiness in Ukraine over 30 Years

A new special issue of the annual infographic guide "Agribusiness of Ukraine", published to the 30th anniversary of Ukraine's independence, is available online from November 2

This year, special attention was paid to the history of the development of agribusiness over 30 years, including how the contribution of the agricultural sector to the economy of Ukraine and the world has changed. This issue of Agribusiness of Ukraine 2020/2021 contains 41 pages of infographics, grouped by areas: agribusiness, crop production, livestock, processing industry, infrastructure, and services, including financial.

“Together with our partners, we are one of the first to start preparing an annual analytical report on the agricultural sector of Ukraine. Over the years, the handbook has become an integral part of agricultural companies' toolkit for analyzing market trends and strategic planning. From year to year, we observe how Ukraine is strengthening its position among the leaders of the world food market. But we believe that our farmers are capable of more, and in a decade we would like to see Ukraine as the center of the world's food security and an international organic hub,” comments Tetiana Prykhodko, CEO of Latifundist Media.

The guide will be useful to everyone who works in agribusiness and related industries because it contains detailed market analytics from the 90s to the present day, the main trends in its development, and prospects. Special attention is paid to the opening of the land market the stages of land reform and the expected effect. All information and statistics are presented in the format of clear and vivid infographics.

“Over these 30 years, Ukrainian agrarians have achieved a lot. This infographic guide will help show the development of Ukrainian agribusiness. Corn is the leader in export. The sown area of ​​oilseeds is growing every year. But there are also undoubtedly sensitive issues. The first years of independence resulted tough for livestock breeding a significant part of the livestock was slaughtered. Insufficient irrigation is another serious problem. However, recently the range of irrigation technologies has been expanding, relevant government support programs and banking services have appeared. The production of agricultural machinery is actively developing, the capacity of elevators is increasing, the volume of use of fertilizers and fertilizers is growing,” said Stanislav Shum, CEO of Top Lead.

Natalia Porvina, director of agribusiness support department at Credit Agricole Bank, emphasized that the bank has been a partner of this project for seven years. It actively participates in the preparation of analytics and content creation and shares its unique financial and agricultural expertise with market participants.

Credit Agricole Bank has been a strategic partner for agribusiness for over 10 years. And our contribution to the development of the industry is measured not only by the financial support of agricultural companies, but by the fact that we create and share a unique knowledge base in the field of agribusiness. It is important for us that everyone willing to have access to relevant and reliable information, retrospective market analysis could use it as a basis for making effective decisions and planning the development of their own business. We thank our partners for this project and for the seventh year in a row we are pleased to join its development,” she comments.

Baker Tilly managing partner Oleksandr Pochkun emphasized that over 30 years of independent presence in the global market, Ukraine's agribusiness has changed a lot: the country has found its own niche, certain sectors of agribusiness have experienced a decline, but others have seriously grown, and the moratorium on land sales has finally been lifted. According to him, these 30 years were a time of transformation from ineffective Soviet management into market conditions for doing business.

“However, it is too early to say that the transformation is over because there are new challenges. At a time when farmers are losing margins and will soon be dealing with the effects of global warming, they need to continue transforming their businesses on a daily basis. Ukraine will be able to take an even more prominent place in world markets when Ukrainian agrarians, especially farmers, learn to effectively use previously hidden resources. This study is not only a summary of the past 30 years, but an invitation to a discussion about the state of modern agribusiness,” he summed up.

The company Limagrain Ukraine emphasized that the infobook Agrobusiness of Ukraine shows annual figures with positive dynamics, where Ukraine shows itself as a powerful player in the world food market.

“There are things that agricultural producers cannot influence: climatic conditions and world prices. But there is also something that can and should be influenced. We are talking about production technology: what, how and under what conditions to sow. That is why Limagrain Ukraine is not only high-quality hybrids but also constant agronomic support and technical support for Ukrainian farmers,” the company comments.

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