Sunday, June 18, 2017

Ukraine grain exports surge

Kyiv post:

combine harvesting wheat crop


(snip)

Ukraine’s grain exports increased to 40.2 million tons in the 2015–2016 marketing year, which runs from July to June next year, up from 32.3 million tons in the 2013–14 marketing year.

Better still, Ukraine’s grain industry has the potential to boost exports to 60 million tons within the next three to four years — if the country’s transport logistics are improved.

(snip)

In 2016, Ukrainian agricultural exports accounted for 12 percent of the country’s gross domestic product of $93.26 billion. About 39.6 percent of Ukraine’s agricultural exports were grain, and last year’s $6.1 billion in earnings from grain exports accounted for 17 percent of the country’s total export revenues of $36.4 billion.

This is the reason why I have invested in agricultural enterprises Astarta and Agroton. Although both farm in Ukraine shares are listed on the Warsaw exchange. I use Fidelity to trade on the Warsaw Exchange. They are both still undervalued.

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