• Українською
  • Ihor Petrashko discussed the issues of the grain market and forward contracts with agricultural associations
    Ministry of Economic Development, Trade and Agriculture of Ukraine, posted 26 October 2020 19:43

    On October 26, an interdepartmental meeting chaired by Minister of Economic Development, Trade and Agriculture Ihor Petrashko took place with the participation of Deputy Ministers Taras Vysotskyy and Taras Kachka with representatives of agricultural associations, the Chamber of Commerce and Industry of Ukraine, MPs to discuss the situation on the grain market, fulfillment of obligations under forward contracts and the issues of documentary confirmation of force majeure.

    Thus, about a hundred participants were partaking in the discussion, whose representatives had the opportunity to express their views on these issues. Absolutely all participants agreed that Ukraine should continue to confirm its status as a reliable player in international agricultural markets and fulfill its trade obligations. At the same time, the participants agreed on working out of certain mechanisms that would in the address order help in the performance of forward contracts to those agricultural producers who suffered from difficult weather conditions and a crop failure.

    "We all understand and appreciate the progress that Ukraine has made over the last 5-10 years in terms of increasing production and exports. And we all understand that the obligations under forward contracts must be fulfilled. However, we must take into account the situation in which farmers found themselves due to weather conditions. Therefore, we call on everyone to find a reasonable and compromise solution in this situation," stressed Minister of Economic Development, Trade and Agriculture Ihor Petrashko.

    It was agreed at the meeting that in order to present joint and compromise decisions, the associations should send their proposals to the Ministry within two days. The next meeting on the developed decisions will take place on October 28.