From the beginning of the 2022/2023 marketing year (MY, July-June) and until November 2, Ukraine exported 13.38 million tons of grain crops, of which 7.14 million tons of corn (53.4% of total supplies), 5.06 million tons of wheat (37.8%) and 1.22 million tons of barley (9.1%).
As reported on the website of the Ministry of Agrarian Policy and Food on Wednesday, the rate of grain exports since the beginning of the current MY is 32.1% lower than the same period of the last MY (from July 1 to November 2, 2021, 19.72 million tons were delivered abroad).
According to the agency, from the beginning of 2022/2023 MY and until November 2, 2022, Ukraine exported 5.06 million tons of wheat (2.48 times less compared to the same period a year earlier), 1.22 million tons of barley (4. 01 times less), 6.2 thousand tons of rye (9 times less) and 36.1 thousand tons of flour (16.8% less). At the same time, the pace of corn exports exceeded last year’s volumes – 7.14 million tons were exported, which is 2.94 times higher than in 2021/2022 MY on the same date.
It is specified that in general, on November 1, 177 thousand tons of grain crops were exported from Ukraine, including 62 thousand tons of wheat, 93 thousand tons of corn, 16 thousand tons of barley and 0.7 thousand tons of flour
As follows from the data of the ministry, for the week of October 26-November 2, an average of 170 thousand tons of grain per day was supplied to foreign markets, while for the previous period of October 21-26 – 132 thousand tons per day, for the period 1-21 October -141.5 thousand tons / day, for September 26-30 – a record 267.5 thousand tons / day since the beginning of the war, and for September 21-26 – 126 thousand tons / day. Thus, the average daily export rates for the reporting period October 26-November 2 increased by 28.7% compared to the previous period October 21-26.
As reported, in the 2021/2022 marketing year, Ukraine exported 48.51 million tons of grains and legumes, which is 8.4% higher than the previous marketing year, despite the full-scale invasion of the Russian Federation and difficulties with the export of agricultural products due to the blockade of Ukrainian seaports. 18.74 million tons of wheat were delivered to foreign markets (12.6% more than in 2020/2021MY), 23.54 million tons of corn (+1.9%), 5.75 million tons of barley (+35.9%) , 70.9 thousand tons of flour (-44.1%).
In 2020/2021 MY, the country exported 44.72 million tons of grain and leguminous crops: 16.64 million tons of wheat, 23.08 million tons of corn, 4.23 million tons of barley, 126.9 thousand tons of flour and 18.4 thousand . tons of rye.
In 2019/2020 MY, Ukraine exported 56.72 million tons of grain and leguminous crops.
Zaporizhzhya Iron and Steel Works “Zaporozhstal” in January-October of this year reduced the production of rolled products by 57% compared to the same period last year – to 1 million 172.2 thousand tons from 2 million 725.4 thousand tons.
According to the information of the enterprise, steel production during this period decreased by 58.5% – to 1 million 334.8 tons from 3 million 216.2 thousand tons, pig iron – by 52.3%, to 1 million 723.8 thousand tons from 3 million 613.4 thousand tons.
In October this year, the steel plant produced 157 thousand tons of pig iron, 121.8 thousand tons of steel, shipped 101.3 thousand tons of rolled products.
“The decline in production compared to the same period last year is associated with a shortage of raw materials and logistical problems caused by full-scale military operations on the territory of Ukraine. In addition, due to massive missile attacks on energy infrastructure facilities and, as a result, the resulting shortage of power in the energy system The plant has reduced production, thus reducing the consumption of purchased electricity,” the press release explains.
At the same time, it is recalled that in connection with the aggravation of hostilities in the region since the beginning of March, the Metinvest group has transferred part of the Zaporizhstal equipment to the hot conservation mode. At the end of March, the plant partially resumed the work of the cold rolling shop for the production and shipment of cold rolled coils to the European consumer. A month after the forced stop, he took the equipment out of conservation and partially resumed production. Since April 2022, Zaporizhstal has been operating at an average of 50% of its capacity.
As reported, in 2021 Zaporizhstal maintained the production of rolled products at the level of 2020 – 3.204 million tons, reduced steel production by 0.1% – to 3 million 778.25 thousand tons and increased pig iron – by 0.1%, to 4 million 473.5 thousand tons.
Zaporizhstal is one of the largest industrial enterprises in Ukraine, whose products are in great demand among consumers both in the domestic market and in many countries of the world. The plant specializes in high-quality hot-rolled steel coil, hot-rolled sheet, cold-rolled sheet, cold-rolled coil made of carbon and low-alloy steels, as well as steel strip, black tin, bent profile.
The main consumers of products are manufacturers of welded pipes, enterprises of automotive, transport, agricultural engineering, manufacturers of household appliances.
Zaporizhstal is in the process of integrating into the Metinvest group, the main shareholders of which are PJSC System Capital Management (71.24%) and the Smart Holding group of companies (23.76%).
Metinvest Holding LLC is the management company of the Metinvest group.
The US dollar is depreciating against the euro, yen and pound sterling in trading on Wednesday, the market awaits the results of a two-day meeting of the Federal Reserve System (Fed).
Traders have no doubt that the rate will be increased by 75 bp following the November meeting. for the fourth time in a row, and their focus is on statements by Fed Chairman Jerome Powell on the further pace of policy tightening.
Signals of persistent inflationary pressures require the US Central Bank to continue to raise rates, but some of its leaders have already made it clear that they consider it necessary to slow down the rate of increase and assess the economic consequences of earlier measures, The Wall Street Journal notes.
Many economists warn of the risks of the Fed tightening too much, which could trigger a severe economic downturn.
“The Fed will have to think about policy adjustments at the November meeting. They are trying to ‘cool’ the economy, not lead it to a deep freeze,” said KPMG chief economist Diane Swank, quoted by the WSJ.
Experts polled by Bloomberg expect the Fed to slow down the rate hike in December to 50 bp, after which it will raise it two more times by 25 bp. at the beginning of 2023.
The ICE-calculated index, which shows the dynamics of the dollar against six currencies (the euro, the Swiss franc, the yen, the Canadian dollar, the pound sterling and the Swedish krona), is losing 0.2% on Wednesday, the broader WSJ Dollar – 0.24%.
The euro/dollar pair is trading at $0.9893 at 9:00 AM, compared to $0.9874 at the market close on Tuesday.
The US dollar against the yen fell to 147.52 yen against 148.24 yen in the previous session.
The pound rose to $1.1510 from $1.1482 on Tuesday.
The Bank of England is also holding a meeting this week, its results will be made public on 3 November. Experts expect the British Central Bank to raise the base rate by 75 bp. – until 3%. The Bank of England did not raise the rate by more than 50 bp. since 1989, notes FT.
As part of cooperation, the Nova Poshta group of companies purchased 20 Fifish sapper robots for underwater demining for UAH 5 million for the State Emergency Service.
As noted in the message of “Nova Poshta” on Wednesday, thanks to these robots, pyrotechnics will neutralize the ammunition remaining at the bottom of the reservoirs after active hostilities in the Nikolaev region.
“Such works detect explosive objects in water bodies and transmit to sappers the exact coordinates of their location. With the help of a special working arm, the device can move the ammunition or place a detonator next to it in order to subsequently neutralize it. The robot is equipped with VR glasses. Thanks to them, the sapper sees what is happening under water and directs device in the right direction,” the Nova Poshta report says.
The first eight robots have already been handed over to rescuers. In the near future, another 12 sapper robots will arrive in Ukraine: the company will also transfer 11 of them to the State Emergency Service, and one sample will remain with the Ukrainian Robotics Association for further improvement. It will be finalized by Ukrainian specialists in accordance with the requirements of the State Emergency Service. Their task is to improve the engine, increase the operating time of the device and improve lighting.
Nova Poshta has led the process of developing an ultra-modern sapper robot for Ukraine. We took responsibility for the financial and technical directions, as well as for the search and attraction of partners. Our task is to make our own, taking into account the advantages of foreign robots, so that it meets all the needs of pyrotechnicians. In addition, the Ukrainian robot will cost less than its foreign analogues and will have more space for modernization, since we will process feedback from colleagues from the State Emergency Service faster,” Oleksiy Taranenko, director of development at Nova Poshta, is quoted in the message.
The company noted that Ukraine is now one of the most mined countries in the world. About 200 thousand square kilometers, which is almost a third of the state’s territory, need to be cleared
Another area of partnership between Novaya Poshta and the State Emergency Service is the logistics of rescue teams. The State Emergency Service of Ukraine prepares lists of necessary goods, from electronic devices to cars, and the company is engaged in their search, purchase and delivery. Nova Poshta also provides logistical support to the State Emergency Service of Ukraine.
Stock indices of Western European countries are changing weakly and in different directions on Wednesday, investors are waiting for the results of the November meeting of the US Federal Reserve System (FRS) and evaluate the quarterly reports of European companies, as well as macroeconomic statistics.
The composite index of the largest companies in the Stoxx Europe 600 region rose by 0.15% by 11:37 a.m. to 415.22 points.
The British stock index FTSE 100 fell by 0.13%, the German DAX – by 0.04%, the Spanish IBEX 35 – by 0.36%. Meanwhile, the French CAC 40 rose by 0.22%, the Italian FTSE MIB – by 0.12%.
The penultimate meeting of the Fed this year will end on Wednesday evening. According to the general opinion, its result will be the fourth consecutive increase in the key interest rate by 75 basis points.
Investors will be closely watching Fed Chairman Jerome Powell’s speech, hoping to catch signals of a possible slowdown in the pace of rate hikes in the near future.
Meanwhile, on Wednesday it became known that the number of unemployed in Germany in October increased by 8 thousand instead of the growth expected by analysts by 12.5 thousand, and unemployment remained at around 5.5%, as expected.
The total volume of German exports, adjusted for calendar and seasonal factors, in September decreased by 0.5% compared to the previous month, imports fell by a record 2.3% since January.
Germany’s foreign trade surplus amounted to 3.7 billion euros the month before last, compared to 11.7 billion euros a year earlier and 1.2 billion euros in August.
Shares of A.P. Moeller-Maersk A/S fall 5.4%. The Danish transport and logistics company’s third-quarter 2022 financial performance beat market expectations, but the company lowered its full-year demand guidance as the global economy deteriorated.
The price of GSK papers rises by 1% on the news that the British pharmaceutical company increased its revenue in the last quarter by 18% and improved its forecast for the year.
Capitalization of Next Plc rises by 1.8%. The British chain of clothing stores increased sales in the third quarter of the current financial year, slightly stronger than its own forecasts, by 0.4%. At the same time, over the last five weeks of the reporting period, the indicator jumped by 1.4% due to a surge in demand for warm clothes at the end of September.
Aston Martin Lagonda’s stock tumbled 14% after the British sports car maker reported a sharp increase in its pre-tax loss in the third quarter.
The market value of the Danish pharmaceutical company Novo Nordisk jumped 4.7%. The company reported an increase in net profit in the last quarter to 14.41 billion Danish crowns ($1.91 billion) from 12.12 billion crowns a year earlier, as well as an increase in revenue by 28%, to 45.57 billion crowns. Both indicators exceeded market forecasts.
The leading gainer among Stoxx 600 components is cloud provider Sinch AB, which soared 30%. The company reported an 83% increase in July-September revenue to SEK 7.2 billion ($653 million) and a threefold increase in adjusted EBITDA to SEK 901 million.
The buildings of the Truskavets sanatoriums “Rubin” and “Yantar” (Lviv region) will be modernized for housing for internally displaced persons (IDPs), the pro bono consultant of the Truskavets urban community on this project is the law firm Integrites, Interfax-Ukraine was informed in the press – service of the law firm.
“As part of the project, it is planned to modernize the buildings of the Rubin and Yantar sanatoriums with a total area of approximately 32 thousand square meters, located in the central part of the city of Truskavets, into houses with common premises (canteens, social centers). They were mothballed at the beginning of Russian aggression in 2014-2022,” Oleg Zagnitko, partner of Integrites, told the agency.
According to him, as a result, from 1.6 thousand to 3 thousand people. – both families and single persons will receive housing.
The project is proposed to be implemented on the basis of a public-private partnership (PPP) with the aim of integrating IDPs into the economy of the subregion. Integrites has been advising the city on the financial and management structure of PPPs since July 2022.
“We, as a company, represent a public partner – a city that solves its problems: it wants to revitalize the site in the center and integrate IDPs. and will remain as long as the property is empty,” Zagnitko explained.
Integrites is currently in the process of legal and financial structuring for the redevelopment and repurposing of several downtown buildings. This will make it possible to quickly revitalize the microdistrict in the resort subregion with the involvement of a number of resource sources.
The Truskavets project is part of the Rehousing Ukraine Initiative. The Affordable Housing Institute is a partnership between the Affordable Housing Institute, a non-profit organization registered in the United States, and Integrites, with the involvement of individual and institutional specialists where necessary. The IZH team is helping Ukraine recover from the Russian invasion and sees housing in general, and IDP shelters in particular, as the key to a fast, strong and modern recovery.
“We are honored to work with Truskavets Mayor Andriy Kulchinsky to realize his vision of converting a mothballed hotel into IDP housing. We see this not only as an urgent solution for Truskavets, but also as a prototype or pilot project to further scale similar conversions throughout Ukraine “, – commented the executive director of the Institute of Affordable Housing (USA), co-founder of IJU David Smith.
Earlier it was reported that in October 2022, the property of Truskavetskurort was seized as part of criminal proceedings regarding the alienation of property of real estate objects that were managed by the Federation of Trade Unions of Ukraine, PJSC Ukrprofzdravnitsa and PJSC Ukrproftur.
“As we see from the motivational part of the court’s ruling, the facilities may return to state ownership under the control of the Federation of Trade Unions. In this case, the implementation of PPP may be simplified, but holding a tender for the selection of a private partner will most likely require more time to prepare,” commented on the situation. Zagnitko.
He added that at this stage, the property will be administered by ARMA, but it will be a kind of PPP, since the management of real estate by the agency should be carried out “on the terms of efficiency, as well as maintaining (if possible, increasing) (…) the economic value” of real estate property, according to Art. 21(3) of the ARMA Act”.
The structure of PJSC “Truskavetskurort” includes sanatoriums “Spring”, “Crystal”, “Almaz”, “Yantar”, “Rubin”, “Birch” (all – Truskavets). The ultimate beneficiary is Pavel Yakubenko. The registered capital of PJSC is UAH 174.8 million.
According to the company’s data for 2019, its net profit amounted to UAH 91.9 million.
