Business news from Ukraine

Business news from Ukraine

Strokes in Ukraine have grown 10-15 years younger – health minister

Strokes in Ukraine have grown younger by 10-15 years during the war, Health Minister Viktor Lyashko has stated.

“I can now go into the discussion and show the figures of the growth of strokes, to which leads exactly stressful situations in which we are. We can already today confirm the studies of the past years that the country where there is a war, strokes are getting 10-15 years younger,” he told the Ukraine Recovery Conference (URC2024) in Berlin on Tuesday.

Lyashko noted that “a completely different age group gets such diseases.”

 

, ,

Export changes in % to previous period in 2023-2024

Export changes in % to previous period in 2023-2024

Source: Open4Business.com.ua and experts.news

Ukraine increased sunflower meal exports by almost a quarter

Ukraine exported almost 3.8 million tons of sunflower meal in the first nine months of the 2023-2024 maketing year (starts in July), which is 23% more than in the same period last season. As the information and analytical agency APK-Inform reported, this figure was the maximum value for September-May in the last four years.

“The main importer of Ukrainian meal in the current season remains the European Union with a share of 45% (39% in the previous MY). Exports of meal in September-May 2023/24 MY in this direction increased by 41%, while to China decreased by 12%,” – said the analysts.

The experts recalled that the European Union approved a “safeguard duty” on imports of most grains, oilseeds and processed products of Russian and Belarusian origin in the amount of EUR95/ton of imported products to the EU, coming into force on July 1.

“In the oilseeds sector, the markets for meal may be affected the most. The export volumes of these products of Russian origin to the EU have been significant and it will be quite problematic to reorient them to other markets. But, given the geographical proximity to the global world importer – the Asian market, some volumes may be reoriented in this direction, in particular, to China”, – they predict.

They noted that in the new season, competition in the Chinese market is expected to intensify, which may lead to further reduction of Ukrainian sunflower meal in favor of Russian sunflower meal.

At the same time, this situation may have a positive impact on the volume of Ukrainian sunflower meal shipments to the European market. EU countries in the current season increased imports of Ukrainian product by 6%, up to 1.2 million tons (for July-May 2023/24 MY – data of the European Commission), but the volume of imports of Russian product for the same period also increased by one third – up to 775 thousand tons.

The EU “safeguard duty” may also have a good impact on the Ukrainian rapeseed meal market, especially ahead of the start of rapeseed processing. Thus, for this sector, the EU is the key sales market with a share of about 73%, and where the Ukrainian product competes quite seriously with Russian and Belarusian products. In particular, the share of Russian rapeseed meal in the total import of this product by the EU countries is 41% in the current season, Belarusian – almost 32% and only about 21% is Ukrainian meal”, – summarized in ‘APK-Inform’.

In Ukraine, 38 thousand consumers were left without light due to weather conditions

Due to weather conditions as of Wednesday morning 237 settlements in Zhytomyr, Kyiv, Sumy, Khmelnytskyi, Cherkasy, Chernihiv regions and Kyiv remain without power supply, another 490 settlements are without power due to other reasons, including military operations, NEC Ukrenergo reported in Telegram.

According to the Ministry of Energy, the most settlements – 117 – without light in Kyiv region, another 46 – in Chernihiv region, 42 – in Khmelnytskyi, 14 – in Cherkasy, 13 – in Zhytomyr region and 5 – in Sumy region. In total, according to his information, without light 38 thousand subscribers.

According to Ukrenergo, the process of connecting consumers in Sumy region, where one of the energy facilities was damaged during a night drone attack, is ongoing. According to the Ministry of Energy, the Russian Federation attacked by drones a substation of the oblenergo in the border territory of Sumy region, as a result of which 1,016 subscribers in 14 settlements were de-energized.

At the same time, as Ukrenergo notes, it managed to promptly restore power supply to consumers in Kherson, who were de-energized due to the shutdown of several power facilities in the region during the air alert. Damage to buildings and equipment of one of them was discovered during the inspection.

In general, there is still a deficit in the energy system, as a result of which hourly shutdown schedules, as announced earlier, will be applied from 15:00 to 23:00.

At the same time, a record volume of imports from Romania, Slovakia, Poland, Hungary, Moldova is scheduled for today – 29,796 MWh with a maximum capacity in some hours up to 1,689 MW, which corresponds to the maximum possible value. The last record was recorded on Saturday – 29,100 MWh.

 

, ,

Demand for oil in world in 2024 will grow by 962 thousand bpd

Demand for oil in the world in 2024 compared to last year will grow by 962 thousand b / s, according to the monthly report of the International Energy Agency (IEA).

A month earlier the agency forecasted this indicator at the level of 1.062 mln b/s. Thus, analysts downgraded the estimate of demand growth by 100 thousand b/s.

The adjustment is due to an upward revision of the demand estimate for 2023: by 145 thousand b/s to 102.24 mln b/s. The agency’s analysts also raised the forecast for 2024: by 45 thousand b/s, to 103.2 mln b/s.

In 2025, the IEA expects oil demand to increase to 104.23 mln b/s, with this indicator growing by 1.03 mln b/s by the previous year. This estimate was downgraded from last month’s forecast by 150,000 b/s.

Observed world oil inventories in April increased for the third month in a row – by 19.3 mln barrels, mainly due to the growth of onshore stocks – by 83.5 mln barrels. At the same time, oil inventories in tankers fell by 64.2 million barrels.

 

,

National Bank has strengthened hryvnia reference rate

Reference UAH/USD exchange rate in the interbank foreign exchange market as of 12:00 on June 12, 2024.

Indicator 11.06.2024 12.06.2024 Change, %

Reference UAH/USD exchange rate (UAH/$) 40.5638 40.4186 -0.36

Data: NBU.