Roman Olearchyk writes: If Ukraine and Russia lifted export restrictions and opened up more to investment they could substantially boost crop production and, therefore, capitalise on global food shortages triggered by volatile weather, according to the CEOof Cargill, the US agribusiness giant.
In a Financial Times interview, Greg Page said the world’s farmers could cover global demand but that Black Sea producers could play a bigger role. He warned that protectionist government policies in the region’s largest producers – Ukraine and Russia – unnecessarily hurt global supply and inflated prices.
“Most years, production in the world is plus or minus 2 percent," Mr Page said during a visit to Kyiv, adding that last year was not an exception even though global prices spiked by “60 per cent.”
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Click here to read related report entitled Ukrainian farming: undeveloped potential
