Ukraine’s agriculture remains barely profitable, expert says

30 March, 11:20 PM
Vsevolod Kozhemyako together with his brothers (Photo:Vsevolod Kozhemyako  via Facebook)

Vsevolod Kozhemyako together with his brothers (Photo:Vsevolod Kozhemyako via Facebook)

External financing is required to sustain several projects in Ukraine’s agricultural processing industry, as the entire sector is sliding towards break-even profit margins, CEO and founder of Agrotrade, Vsevolod Kozhemyako, said at NV’s Business Dialogues: War and the Future event on March 30. Agrotrade is a major international supplier of Ukrainian agricultural produce.

According to him, business mostly suffers from the war disrupting established logistics around sea ports and navigable rivers.

“Grain basically goes by the water, it always did, and logistically we are losing a lot now,” Kozhemyako said, commenting on Russia blockading Ukrainian ports.

“So, the margin on the production of agricultural products is approaching zero, and in order to implement projects related to the processing of agricultural products, it is necessary to attract external financing.”

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When it came to discuss prospects for the industry, Kozhemyako focused on projects related to bioethanol production and alternative energy sources.

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