The Strategist

Ukraine to limit exports to EU due to Polish farmers' protests

03/01/2024 - 02:28

Taras Kachka, the deputy minister of economics for Ukraine, stated that Kiev is ready to restrict food exports to the EU in order to allay the worries of Polish farmers. He went on to say that Ukraine might stabilize the fast rise in supplies by using the mechanisms of licensing and monitoring of commodities.

wp flare
wp flare
“We'll concede that export growth will not be as rapid as it has been in prior years. Predictability in the market is now more crucial to Ukrainian exporters and producers than rapid growth,” stated the minister, quoted by Bloomberg.

Mr. Kachka claims that the Ukrainian administration made a step forward and Kiev anticipates exporters to deliver goods only with approval from Polish authorities.

Polish farmers have been protesting against the importation of inexpensive grain from Ukraine since the fall of 2023. They began to block traffic checkpoints along the Ukrainian border in November.