There is a downward trend in prices on the carrot market in Ukraine, according to analysts of the EastFruit project. At the same time, according to the producers, the demand for carrots today remains quite low: wholesale companies make purchases as needed, preferring not to lay products for long-term storage, which negatively affects the overall price level.
For example, as of today, producers are shipping carrots at 15-23 UAH/kg ($0.36-0.56/kg), depending on the quality and volume of the offered batches of vegetables, which is on average 21% cheaper than a week earlier. The reason for the decline in prices for root vegetables, according to the project experts, is a seasonal increase in supply amid rather restrained demand for these products. In an effort to boost sales, farmers are forced to revise selling prices for carrots downward.
It is worth adding that despite the price decline, today carrots in Ukraine are on average 2.4 times more expensive than in the same period last year.
You can get more information about the development of the market of carrots and other fruit and vegetable products in Ukraine by subscribing to the operational analytical weekly – EastFruit Ukraine Weekly Pro. Detailed information about the product can be found here.
Insurance company “INGO” (Kiev) for 9 months of 2024 collected insurance premiums in the amount of UAH 2.46 billion, which is 23.5% more than in the same period last year, the company reports. It is noted that according to experts of the National Association of Insurers of Ukraine (NAU), this corresponds to the average growth rate of the insurance market of Ukraine for the reporting period, which is 23%.
The company also reports that during the reporting period there was an increase in demand for insurance products in the segment of hull insurance (+25.3%), MTPL (+35.5%), property insurance (+47%), health insurance traveling abroad (+51.3%), accident insurance (+25.7%). At the same time, both the number of clients and the volume of premiums increased in property and auto insurance.
It is also noted that receipts from individuals have increased by 35% to UAH 735 mln. At the same time, premiums in the segment of insurance of legal entities increased by 19% and amounted to UAH 1.73 billion. According to NASU data, INGO is the leader in this segment.
During the reporting period INGO paid more than UAH 1.08 bln of indemnities, which is 32% more than last year’s figures. The largest amounts were reimbursed under contracts of voluntary health insurance – more than UAH 419 mln, CASCO – UAH 328 mln, property insurance – UAH 273 mln. More than UAH 184 mln has been indemnified for losses of agricultural producers.
Reserves of the company as of November 1, 2024 have grown by 11%, reaching almost UAH 2 billion, shareholders’ equity has grown by 16%, up to UAH 1.34 billion. At the same time, highly liquid assets amount to UAH 3,02 bln, that is by 3% more than last year’s indicator.
During the reporting period IC INGO increased the amount of paid taxes to the budgets of all levels by 23% to UAH 185 mln.
Until the end of 2024 INGO expects further increase in insurance premiums due to market concentration and introduction of new technologies. Particular attention will be paid to digitalization of processes to improve customer service, the report says.
INGO Insurance Company JSC holds licenses for 18 classes of insurance and has been providing insurance services to both individuals and companies for 30 years. Its network includes 25 branches, 5 outlets and 9 customer service centers operating in all regions of the country. The company is among the largest insurance companies in Ukraine in terms of premiums, the size of its own assets and the amount of insurance claims paid. Since 2017, the main shareholder is the Ukrainian business group DCH.
State enterprise NAEK Energoatom (Kiev) on November 20 announced a tender for compulsory insurance of motor liability of owners of land vehicles (MTPL).
As reported in the Prozorro electronic public procurement system, the total expected cost is UAH 111.1 thousand.
The deadline for submitting tender documents is November 28.
On Thursday, November 21, moderate snow is expected in western regions of Ukraine at night and in some places light snow in the afternoon, reports Ukrhydrometcenter. The temperature at night 0-5 °, in the Carpathians up to 8 ° frost, in the afternoon about 0 °.
In Zhytomyr, Kyiv, Chernihiv, Vinnitsa and Cherkassy regions, wet snow and rain, heavy precipitation in some places at night, sticking wet snow. The temperature at night and during the day is 0-3° of heat. In the rest of the area moderate, in some places heavy rains. Temperatures are 5-10° warm at night, up to 14° in Crimea, 7-12° during the day, 13-18° in the south-east of the country. In the western, most northern and Vinnitsa regions there is icy road ice on the roads.
The wind is predominantly north-westerly, at night on the Left Bank southern, 7-12 m/s. Throughout Ukraine, except for western and most northern regions, gusts of 17-22 m/s.
In Kiev at night heavy, in the afternoon moderate rain and wet snow, icy roads. The wind is north-westerly, 7-12 m/s. The temperature at night and in the daytime 0-2° of heat.
According to the Central Geophysical Observatory named after. Boris Sreznevsky, the highest temperature during the day on November 21 in Kiev was recorded in 1926 and amounted to 16.1 ° heat, the lowest at night – 15.3 ° below zero in 1890.
On Friday, November 22, at night without precipitation, only in the eastern regions and in the extreme west of the country, in the afternoon in Ukraine, except for southern and eastern regions, moderate snow, snowstorm, in the Carpathian region significant snow;
Wind south with transition to north-western, 7-12 m/s. In the southern part, in the afternoon in central and northern regions gusts of 15-20 m/s in some places.
In the west, most of the north, Vinnitsa and Cherkassy regions, roads are icy.
The temperature at night is 1-6° frost, in the south of the country about 0°. During the day in western and northern regions from 3° frost to 2° warm, in the rest of the territory 0-5° warm, in the south of the country 6-11° warm.
In the Carpathians, light snow at night and heavy snow in the afternoon. Temperatures at night 5-10°, in the afternoon 2-7° of frost.
In Kiev, no precipitation at night, snow, snowstorm, south wind, 7-12 m/s, gusts of 15-18 m/s in the afternoon. The temperature at night 3-5° of frost, during the day 0-2° of heat.
In 2023, dairy farms in the European Union produced 160.8 million tons of raw milk, which is 0.8 million tons more than in 2022 and 15.8 million tons more than in 2013, according to a study by Eurostat.
According to it, most of the milk produced in the EU is used for butter and cheese production. Thus, in 2023, 149.3 million tons of raw milk were supplied to dairy plants, which was used to produce a number of fresh and ready-made dairy products.
In turn, EU dairies produced 22.0 million tons of drinking milk and 7.8 million tons of fermented milk products in 2023. At the same time, 58.2 million tons of whole milk and 17.4 million tons of skim milk were used to produce 10.6 million tons of cheese. Another 45.4 million tons of whole milk was used to produce 2.3 million tons of butter, the study says.
Germany became the leader in the production of milk and dairy products in the European Union, accounting for 19% of the total production of drinking milk. It was also a leading producer of fermented milk products (27%), butter (20%) and cheese (22%).
Spain was the second largest producer of drinking milk (15% of the EU total), followed by France (13%). The Netherlands was the second largest producer of fermented milk products (17%), followed by Poland (10%).
France was the second largest producer of both butter and cheese (18% of the EU total for each product). Ireland was third in butter production (13%) and Italy was third in cheese production (13%).
On November 13, as part of the COP29 summit, a ceremony was held to sign the Agreement on Strategic Partnership in the Development and Transmission of Green Energy between Uzbekistan, Kazakhstan and Azerbaijan.
In his speech at the event, President of the Republic of Uzbekistan Shavkat Mirziyoyev emphasized that renewable energy is not an economic goal, but a contribution to the future, the result of a sense of responsibility to future generations.
The environmental importance of the project was particularly emphasized. The energy to be transmitted is wind and solar energy, a renewable and clean resource that will reduce the impact on the climate.
Thus, the parties support joint efforts to protect the climate under the Paris Agreement and the Sustainable Development Goals.
It was noted that the signatory countries, having significant renewable energy resources, can make a significant contribution to the global energy transition.
Touching upon the efforts of Uzbekistan to develop a green economy, the Leader of Uzbekistan focused on the key aspects of large-scale work in this direction.
It was noted that about two gigawatts of solar and wind generation capacity is being commissioned annually in the country. In addition, an additional 2.6 gigawatts of renewable generation and 300 megawatts of energy storage systems will be connected to the grid by the end of this year.
By 2030, it is planned to increase the share of renewable energy sources to 40 percent, as well as to create 4.2 gigawatts of energy storage systems.
It was expressed that the economic effect of this project will be felt by all its participants.
The importance of accelerating the project implementation, including the establishment of a joint venture, development and approval of technical documentation and other procedures, was emphasized.
In conclusion, President Mirziyoyev reaffirmed Uzbekistan’s commitment to the joint implementation of this regional project.
