Iranian market open for Ukrainian agriculture export

The newly-opened Iranian market is very promising for Ukraine's agricultural product exports.

"One of the interesting markets we are expecting to open for us is the market of Iran. As soon as the sanctions (against Iran) are lifted, it will give us huge potential for cooperation. They (Iran) showed a preliminary interest in (Ukraine's) three million tons of grain and a wide range of processed products. Besides, they are interested in meat and dairy products ", the Minister for Agrarian Policy and Food Oleksiy Pavlenko said at a press briefing on Friday, October 30.

Pavlenko noted, the timing of the Iranian market opening is more than a political decision.

"This country (Iran) has the money: according to our information, they have USD 84 billion of gold and forex reserves. Iran is looking forward to cooperation with the Ukrainian producers,"  said the Minister.

In addition to potential business opportunities with Iran, the Indian market also demonstrates significant potential. The first negotiations with the Indian embassy have already taken place. The minister also spoke about the negotiations with Bangladesh on cooperating in the grain sector. The minister said that, at present, the largest portion of Ukrainian agricultural exports go to China.

 

During eight months of 2015, Ukraine exported 46.9% its agricultural products to Asia (USD 4.2 billion).