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Ukraine Can Become 'Major Beef Exporter'

30 August 2013

UKRAINE – The Ukraine Minister of Agriculture has said country can become a ‘major beef exporter’ with the help of government initiatives such as the beef export tariff cut, announced last week.

Export tariffs on live cattle and hides will drop from 25 per cent to five per cent following support voiced by the cabinet.

The reduction is expected to increase interest in beef farming by offering profits for farmers by selling their products to lucrative foreign markets.

Ukrainian Minister for Agriculture, Nicholas Prisyazhnnyuka stated that exports are important because domestic beef prices do not cover costs of production but added that this can now change.

He said: “I am convinced that reducing export taxes can increase economic interest in the production of beef and increase its exports. As well as increase revenues to the state budget.”

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