Ukraine needs to attract investment in deep processing — Aleksandr Pan

Ukraine needs to implement more deep processing projects to enhance its export potential and attract foreign capital. This was announced by the founder of agritrading company Mak Holding Aleksandr Pan.

"Ukraine needs to attract foreign investors to finance deep processing projects. These include production of bioplastics, proteins, biofuels, starch, amino acids, etc. Producers need to invest in new foods. This is the need I hear from international partners. With this approach, Ukrainian agricultural exporters will be able to increase their positions and enter new markets," said Aleksandr Pan.

As provided by the data of the Ministry for Development of Economy, Trade and Agriculture of Ukraine, in January of the current year, Ukraine exported agricultural products worth apx. USD 2 bln, 14% more from January 2019. Agricultural products account for 48% of the total January exports from Ukraine.

The largest share of agricultural exports is represented by grains — 48% and oilseeds — 23%. Ministry officials note that Ukraine is gradually increasing the volume of products with value added including organic products, vegetables and fruit derived products, dairy products, honey, etc.

"Positive dynamics of Ukraine's agrarian export indicates the preservation of positions on the world trade map. And to strengthen the export potential and attract foreign capital, we need to implement more projects involving deep processing. The Dutch are already investing in the construction of a bioethanol plant in Kirovohrad region and a plant for the production of high-protein feed additives and animal fats in Lviv region. Recently the world's largest operator DP World entered Ukraine. The more we export, the more interesting the industry is for both domestic and foreign investors," comments Aleksandr Pan.

Note: founded by Aleksandr Pan agritrading company Mak Holding has exported 314 thou. t of grains since the start of 2019/20.