By KYIV. Dec 4 (Interfax-Ukraine) – The market for plant protection products has dropped by more than 52.1% since the start of the full-scale war, and in 2024 the decline will continue and amount to another 15%, Bohdan Kaminsky, director of Euroland LLC, said.
“The Ukrainian plant protection products market has declined by more than 52.1% in the volume of use of products that ensure the cultivation of basic crops, and the decline will continue, so the market is expected to decline by another 15% in the next marketing year,” he told the Ukrainian Agribusiness Club (UCAB).
The expert believes that chemical concerns and manufacturers are trying to engage in direct active sales, which allows them to obtain more competitive prices for the end consumer.
“The disruption of supply chains had a negative impact on purchasing power, and also deepened the economic effect, accompanied by a significant decline, which forced us to look for alternative ways of development and create economic potential. The main driver of trading was sea exports, widely used by foreign companies to provide logistics, so this particular transport artery was an alternative method and support for international export contracts,” the expert recalled.
He highly praised the state program for lending to farmers 5-7-9 and called it “very productive.” At the same time, Kaminsky believes that the state needs to change the focus of this state program on issuing preferential loans and lending based on the motivational component to increase tax payments, and not to ensure cash-flow without targeted use.
