Andrei Yarmak: restricting agricultural exports will create new problems for Ukrainian producers


Andrei Yarmak: restricting agricultural exports will create new problems for Ukrainian producers

03/20/2020

If you limit export, Ukrainian agricultural products will not be needed in such quantities by anyone and they will not be able to consume it even for free

Restricting exports is populism and stupidity. We already have and will have problems with export without any restrictions, said Andrei Yarmak, an economist at the FAO Investment Department, in an exclusive commentary on SEEDS.

“Export restrictions are populism and stupidity. Ukraine is a net exporter. We have a surplus of almost all products.

If you limit exports, they will not be needed by anyone in such quantities and they will not be able to consume them corny even for free. Accordingly, they will simply be thrown into a landfill and ceased to produce.

And then there will be a deficit problem, next year. At the same time, a lot of people will lose their jobs, etc., ”says the expert.

“Now it is necessary not to limit, but to support, even subsidize export, since global demand has already fallen sharply. And we already have export problems and there will be problems with export, ”Andrei Yarmak is sure.

See also: Ukrainian producers of fruits and vegetables bear unplanned expenses – UPAA

Earlier, President of Ukraine Volodymyr Zelensky called for strengthening quarantine measures, including restricting food exports.

Subsequently, on March 17, at an extraordinary parliamentary meeting, the Verkhovna Rada adopted a draft law amending certain legislative acts of Ukraine aimed at preventing the onset and spread of coronavirus disease (COVID-19).

Industry experts believe that now restricting the export of agricultural products is not a very reasonable decision. In the difficult economic situation prevailing today, such a step could pose a threat to foreign exchange earnings.

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