News
26.03.2013
Domestic crop production needs some UAH 150 bln in investment
The amount of financing, calculated for field work, does not take into account the capital investment required for the technical and technological re-equipment of production, analysts with the Ukrainian Agribusiness Club (UAC) said at a news conference.
"Introducing the latest technologies to compete in foreign markets requires capital investment of UAH 7,000-10,000/hectare. Based on the amount of land, which is cultivated by agricultural enterprises in Ukraine (about 18 million hectares), the need for investment capital in crop production is about UAH 150 billion," UAC executive director Oleksandr Verzhykhovsky said.
He added that such funding can only be provided from domestic sources, so it is important to raise funds in the world markets.
In particular, the expert said, attention must be paid to the investors from the East - China, Singapore, etc. "One has to know how to work With Asian investors, it is a long and specific process, but it is important to begin to achieve positive results in cooperation," he stressed.
Verzhykhovsky also reported that more details will be discussed at the fourth Investment Agribusiness Forum, which will be held April 16 in Kyiv.
