According to the Channel 5 story , in 6 months of 2021, exports of goods from Ukraine increased by a third compared to the same period last year, reaching almost $ 30 billion. At the same time, half of Ukrainian exports are food and metallurgical raw materials.
“Today there is an attractive situation for our raw material exports… but then the natural fluctuations will lower the price, and we should not expect that the whole next year will be favorable conditions for our raw material exports,” said Chairman of the Committee of Economists of Ukraine Andriy Novak.
As an example, experts cite Ukraine’s largest export position – grain and oilseeds, the demand for which is supported by government importers from different countries. The Philippines, Japan, Algeria and Korea have already announced tenders for a new wheat harvest. However, buyers are restrained – waiting for cheaper prices. The market is already experiencing a reversal of the price trend.
“If we talk about agricultural products, a lot depends on the level of harvest. For example, now the drought in Brazil – it affects. But record harvests will be in Ukraine and Russia – and it will lead to the fact that many products will hit the market and prices will fall, “- predicts investment banker Sergei Fursa.