LUXEMBOURG, Feb 1 – Ukraine is likely to produce 49.5 million metric tons of grain in 2023-2024 marketing season, the Economy Ministry forecast on Wednesday. The forecast is better than 46 million mt the was recently forecast by the National Bank of Ukraine, First Deputy Minister Denys Kudin said.

"Ukraine will definitely have enough food, the problem is with the rest of the world: we have become a weighty player on the world stage, so if the logistics of agricultural products from Ukraine is important to us because it is an influx of foreign exchange earnings, then it is important to the world because it is food security for it," he said on the sidelines of a business forum on the rapid recovery of Ukraine in Luxembourg, organized by the Ukraine-Luxembourg Business Club.