Ukraine has the largest area of agricultural land in Europe with approximately 43 m ha of land out of which 32.5 m ha are used for crop production. Fertile soil (Ukraine accounts for c.25% of global black soil, known as “chernozem”) and moderate climate give Ukrainian agri producers strong competitive advantages.
Currently Ukraine is a world market leader in exports of sunflower oil and barley. In recent years Ukraine has been producing around 40-50 m t of grain per year and has regained its status of a major supplier of grains to world markets. Ukraine’s agricultural export propensity is supported by additional geographic advantages.