Hungary offers to help Ukraine with grain exports

Ukraine Crisis

Hungary is prepared to cooperate on broadening export opportunities for Ukrainian grain "immediately", Agriculture Minister István Nagy said after a meeting with his Ukrainian counterpart, Mykola Solskyi, in Lviv on Thursday, according to a report by state news wire MTI.

In a statement issued by his ministry, Nagy said that both immediate and long-term solutions are required for Ukrainian grain exports.

He said that making a joint effort, with sufficient support, to develop railways, transshipment capacity and storage facilities is "extraordinarily important" considering the global impact of a grain crisis. Processing plants should also be built in the border region between Hungary and Ukraine, he added.

He said such strategic investments could improve global food supply in the long term, adding that support could come from the European Union.

The sides agreed that investments in the border region should not be related exclusively to grain, but address Ukraine's expanding economic ties with Europe, too, Nagy said.

"Our neighbor to the northeast sees Hungary as a solution to the emerging crisis and has acknowledged the Hungarian government's constructive approach," he added.

He noted that Ukraine is the fourth-biggest exporter of grain in the world, with a 9pc global market share. It also controls 42% of the global market for sunflower seed oil and 16% of the market for maize.

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