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Ukraine to Boost Grains Production with Eyes on China

Country's exports of all grains could rise to 55-65M tonnes in the next few years

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Ukraine is aiming to boost grains and oilseed exports to China as rising consumption and trade tensions between Washington and Beijing create new opportunities, a senior industry official said on Wednesday.

Nasdaq reports the Black Sea region's top producers, Russia and Ukraine, have been increasing their presence in the global grains and oilseed market, offering stiff competition to exporters in America and Europe.

Nikolay Gorbachov, president of the Ukrainian Grain Association told Reuters he expects Ukraine's exports of all grains to rise to 55-65 million tonnes in the next three to five years, up from around 45 million tonnes in recent years.

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