PM orders to monitor grain cache per mensem and settle a problem of fertilizer shortcoming

Prime Minister of Ukraine Arseniy Yatsenyuk appealed to Minister of Agrarian Policy and Food of Ukraine Oleksii Pavlenko to hold a weekly monitoring of “the quantity of grain stored in our warehouses and that exported". The Head of Government said at a Cabinet’s meeting on Wednesday, August 12.

He stressed it is vital to ensure "safe food balance in Ukraine": "To avoid a situation when everything would be exported, so we wouldn't have what to eat in the country."

Besides, the Prime Minister demanded from Oleksii Pavlenko to find out predicted export volumes and showings of national grain market from domestic grain operators.

Arseniy Yatsenyuk stressed that grain export should trigger “currency flows into the country, which would increase reserves of the National Bank and the National Bank’s reserves would be directed to stabilize currency exchange rates in September and October."

He appealed to the Minister of Agrarian Policy and Food of Ukraine Oleksii Pavlenko in collaboration with the Ministry of Economy and the NBU to provide an estimated amount of foreign exchange earnings from agricultural exports by the end of year: "This will afford the National Bank to feel confidence and it will be clear for us what to expect from the exchange market".

The Prime Minister commended the positive price dynamics in the agricultural sector: "If grain price is growing and oil price is falling, in essence this positively influences our agrarian sector. Hence, it will have a positive impact on prime cost in the agriculture sector as well".

Moreover, Arseniy Yatsenyuk accentuated the need to settle a problem with deficiency of fertilizers. He instructed the Ministry of Energy and Coal Industry, the Ministry of Agrarian Policy and Food, the Ministry of Economy, the NJSC Naftogaz of Ukraine to provide a clear forecast, whether Rivneazot and Cherkassyazot would start operation and which domestic production volumes are expected: "If necessary, we will adopt a decision on import".

The Prime Minister set a week’s deadline to fulfil this commission: "Time is running out. Actually, we should bring our plants in operation to meet the demands in production of fertilizers".