Ruslan Magomedov, Chairman of the NSSMC: Together with the Ministry of Agrarian Policy, we are rebooting the agricultural market

Ruslan Magomedov, Chairman of the National Securities and Stock Market Commission, and Vitalii Koval, Minister of Agrarian Policy and Food, discussed the launch of an organised agricultural market and the reboot of the sector as a whole during a regular working meeting. This was announced by the NSSMC Chairman in his Telegram channel.

Ruslan Magomedov said that despite the war, our farmers demonstrate extraordinary resilience. The task of the state is to create transparent trade rules, attract investment and create financing mechanisms.

‘The NSSMC has a successful experience in launching timber trading and we want to repeat this success in the agricultural market. First of all, we are talking about a transparent price benchmark and a contract guarantee system. I am grateful to Minister Vitalii Koval and his team for a thorough meeting and a common vision for the development of this area,’ said the NSSMC Chairman.

Ruslan Magomedov summed up that according to various analysts, after the launch of the organised commodity market, in the first year we will receive +UAH 350 billion in the legal economy and +UAH 27 billion ($650 million) in investments in the agricultural sector.

As a reminder, a meeting of officials was recently held to discuss the development and promotion of agricultural notes. This instrument enables agricultural producers to raise financing secured by future agricultural products, thus contributing to the development of capital markets in the agricultural sector.