Ukrainian farmers are forced to reduce selling prices for onions this week, according to analysts of the EastFruit project. According to market participants, the negative price trend is caused by several factors at once. First of all, the demand for onions has fallen significantly. At the same time, the supply of onions on the market has increased significantly. Small farms began to actively sell out of unequipped storage facilities and are ready to make concessions in the hope to realize the available volumes before the onset of frost.
To date, Ukrainian producers are ready to ship onions in the range of UAH 8-14/kg ($0.19-0.34/kg), depending on the quality and volume of products, which is on average 13% cheaper than at the end of last week.
Producers of these vegetables report a noticeable weakening of demand for onions, while supply on the market continues to increase. The increase in supply is due to the desire of farmers to get rid of substandard onions as soon as possible. At the same time, the demand for such products remains relatively low, mainly such onions are purchased by chains and resellers for current sales, as they are practically unsuitable for long-term storage.
It should be noted that today onions in Ukraine are already on sale on average 20% cheaper than in the same period last year. We would like to add that according to market participants, it is quite difficult to buy quality onions at the moment, as many producers have put such products in storage and plan to sell them only in the second half of the current season.
You can get more detailed information about the market development of onions and other horticultural products in Ukraine by subscribing to the operative analytical weekly – EastFruit Ukraine Weekly Pro. Detailed information about the product can be found here.
Private JSC “Insurance Guarantees of Ukraine” (“SGU” Kiev) in January-September 2024 collected UAH 1,33 mln of gross premiums, which is 34,4% less than a year earlier, follows from the information of the rating agency “Expert Rating” on confirmation of the insurer’s financial strength rating/credit rating on the national scale at the level “uaAA” following the results of work for 9 months. 2024.
It is noted that for the given period of 2024 the volume of insurance payments and indemnities made by the insurer has amounted to UAH 100 th, while for the same period a year earlier UAH 3 th.
It is also noted that shareholders’ equity of “SGU” as of September 30, 2024 has grown by 44,53% and has amounted to UAH 55,17 mln, due to the increase in the volume of retained earnings in its structure as a result of profitable activity in the period under review.
During the same period gross liabilities of the company have decreased by 95,35% to UAH 0,96 mln, the volume of cash and cash equivalents on “SGU” accounts has grown by 0,07% and has amounted to UAH 47,97 mln. The level of cash coverage of insurer liabilities has grown by 4769 p.p. to 50,02%.
At the same time RA notes that the operating profit of the insurer for the 9 months of 2024 has amounted to UAH 10,76 mln, and net profit – UAH 12,41 mln, while for the same period of 2023 the activity of “SGU” was unprofitable.
Private JSC “SGU” was registered in November, 2005. It has licenses for 15 types of insurance activities, including four for compulsory insurance, 11 for voluntary insurance.
Passenger flow through western border of Ukraine in july 2024, thousand
Open4Business.com.ua
The State Air Traffic Service Enterprise of Ukraine (UkSATSE) has announced a tender for voluntary insurance of medical expenses of UkSATSE employees traveling abroad. According to information on the ProZorro portal, the price offer amounts to UAH 199.999 thousand. Documents for participation in the tender are accepted until November 20.
“Ukraerorukh” was established in 1992. It provides a full range of air navigation services: air traffic service, organization of air traffic flows, airspace organization and management, radio technical support of communication, navigation and surveillance, provision of meteorological and aeronautical information for all types of flights.
The Luxembourg Red Cross has expanded its activities in Ukraine since the start of Russia’s full-scale invasion, providing assistance to health institutions.
“Since as early as 2022, the Luxembourg Red Cross has been helping the Irpin branch of the Heart Institute, which, like many buildings in the city, was severely damaged by shelling… The Luxembourg Red Cross, in partnership with the Ukrainian Red Cross, has helped in the shortest possible time to rebuild the damaged treatment buildings of the medical institution and start receiving patients,” the Ukrainian Red Cross (URC) said on Facebook on Tuesday.
The Luxembourg Red Cross also financed this year the purchase of modern industrial washing equipment for the Heart Institute branch. Between 2023 and 2024, the organization helped create a safe shelter. The 32 m² basement of the Irpen Heart Institute was renovated, sanitary rooms were arranged and a ventilation system with automatic and manual modes was installed. In addition, the shelter has a supply of drinking water, benches for seating, backup lighting and communication facilities have been installed, allowing 30 people to be comfortably accommodated for 48 hours.
The Luxembourg Red Cross plans to continue providing assistance to the most vulnerable categories of the Ukrainian population, responding quickly to the urgent calls caused by the war. Among the priorities of the organization is support of awareness-raising activities on prevention of cardiovascular diseases, tuberculosis, diabetes.
The Luxembourg Red Cross will continue to maintain close cooperation with the UCC, government agencies and local authorities.
Impact of electricity deficit on real GDP vs no deficit, % (forecast up to 2024)
Open4Business.com.ua
