Prices of buckwheat may go up in Ukraine this year – expert.

There are not so many exporters of this crop in the world.

Prices of buckwheat in Ukraine are high enough now / Photo from UNIAN

Prices of buckwheat in Ukraine are high enough now / Photo from UNIAN

Executive Director of the International Buckwheat Association Serhiy Hromovyi predicts prices of buckwheat in Ukraine may rise above last year's level.

"The old stocks are over, but new ones are not available yet. They will be threshed in about two weeks," he said, according to AgroPortal.ua.

Read alsoUkraine's Statistics Service lists foodstuffs seeing biggest price hikes in 2020

The expert says that there is a significant shortage of buckwheat groats on the market now.

Insufficient imports from Russia

"According to official statistics, buckwheat has been sown in Ukraine only half of the minimum requirement. Previously, it was imported from Russia, and this was our main problem," Hromovyi said.

Now Russia itself has suspended an increase in buckwheat production. Moreover, it rolled back in terms of the level of sown areas to a decade ago and slapped a ban on exports of buckwheat.

China and Poland

In general, there are not so many exporters of this crop in the world. In addition to Russia, it was Poland that sometimes acted as a supplier. There was also China. But they sell a completely different product that does not meet Ukrainian consumers' taste expectations.

"The prices of buckwheat on shelves are very high, they are UAH 35 (US$1.27) per kg and higher. And most likely, buckwheat will go up in price," he predicts.

Meanwhile, he notes, the current price is at the upper level of consumers' ability to buy.

Related news

NBU sells US$71 mln on Sept 14-18 to support hryvnia.

Over the period under review, the regulator did not buy the currency.

3 9

Week's balance: Cabinet submits budget draft to Rada, Zelensky promises «human» salaries and pensions, while hryvnia keeps weakening.

The Cabinet of Ministers submitted to parliament the draft state budget for 2021, which provides for a budget deficit of 6% of GDP, President Zelensky promised Ukrainians to raise salaries and pensions to the "human level", while the hryvnia conti...

2 14

Ukrainian business receives UAH 8B under Affordable Loans program – Marchenko.

Since the launch of the state program "Affordable Loans at 5-7-9%", Ukrainian entrepreneurs have received loans worth about UAH 8 billion, Finance Minister Serhiy Marchenko has said.

1

PM says it’s realistic to get GDP growth at 4.6% next year

Prime Minister of Ukraine Denys Shmyhal believes that GDP growth at 4.6%, which is included in the draft state budget for 2021, is completely realistic.

1 1

Hryvnia weakens to U.S. dollar on Sept 21

The official forex rate against the euro for Monday is fixed at UAH 33.35 per euro.

Extended border closure another obstacle for Alberta Indigenous tourism industry.

Indigenous tourism was growing in Alberta before the pandemic hit. Now, many operators hope their doors will still be open when travel restrictions ease.

PM Shmyhal: Government working on measures to facilitate Ukraine's economic recovery.

Shmyhal announces work on measures to facilitate Ukraine's economic recovery / REUTERSUkraine's Cabinet of Ministers is working on measures that will help facilitate the country's economic...

1 11

Agricultural production in Ukraine almost 10% down in eight months.

Both agri-businesses and private farmers reduced production.

Banker Pysaruk accuses NABU of lack of professionalism and pursuing its own agenda.

Oleksandr Pysaruk / Photo from UNIAN‘NABU has demonstrated that it lacks professionalism and is pursuing its own agenda in the case against Pysaruk and Bakhmatyuk by pressing baseless charges...

Bakhmatyuk sums up losses from ‘a year of war’ waged against him by NABU: 9,000 jobs and 0.

Oleg Bakhmatyuk / Photo provided by the press serviceOne year into NABU's war against Bakhmatyuk, his company has lost more than the value of assets abandoned in the occupied Crimea and Donbas...

By continuing to browse World News (UAZMI), you acknowledge that you have read the Terms of Use and agree to the use of cookies