Business news from Ukraine

Business news from Ukraine

Israel to accept seriously wounded Ukrainian soldiers for treatment

20 heavily wounded Ukrainian servicemen will undergo treatment in Israel, the Israeli Embassy in Ukraine reported on Twitter on Sunday.
“Israel will accept for treatment 20 Ukrainian servicemen who were seriously injured during the hostilities,” said Israeli Ambassador to Ukraine Mikhail Brodsky.
According to him, the transportation of the wounded was organized by the Israeli Embassy, ​​the Israeli Mashav Center and the Israeli Ministry of Health in cooperation with the Ministry of Health of Ukraine.

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Pair pound/dollar has updated a historical low

The pound sterling fell sharply against the US dollar during morning trading on Monday and hit a historic low on signals from the British Treasury about the likelihood of new tax breaks in addition to those announced last week.
The pound by 8:50 Moscow time fell by 2.6% and is $1.0570 compared to $1.0850 at the close of the previous session. Earlier in the day, the rate fell to $1.0327, which is the lowest level since 1971, when the UK switched to a decimal currency system.
Last week, UK Treasury Secretary Quasi Kwarteng announced a massive tax cut that will affect individuals and businesses and increase the budget deficit for the current fiscal year by more than 70 billion pounds.
“This government has only been in office for 19 days,” Kwarteng told the BBC on Sunday. “In the coming year, I would like to see people keep even more of their income because I believe the people of the UK will be the engine of the country’s economy.”
The market regarded this as a hint of new tax incentives, writes Bloomberg.
The ICE-calculated index, which shows the performance of the US dollar against six currencies (the euro, the Swiss franc, the yen, the Canadian dollar, the pound sterling and the Swedish krona), rose by 0.75%, exceeding 114 points for the first time since May 2020, according to Trading Economics .
The dollar is supported by the demand for defensive assets caused by fears of a global recession. In addition, currency traders point out that the Fed is tightening monetary policy at a faster pace than the rest of the world’s leading central banks.Pair pound / dollar has updated a historical low
The euro/dollar pair is trading at $0.9636 compared to $0.9690 at the close of the session last Friday, the euro loses about 0.6% and again updates the lows in two decades.
The rate of the American currency against the yen increases by 0.4% and amounts to 143.87 yen compared to 143.34 yen last Friday.

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Asia-Pacific stocks fall on Monday

Pressure on Asian markets is exerted by growing fears that the rapid tightening of monetary policy by the world’s largest central banks, trying to contain inflation, will provoke a recession in the global economy.
“The downward momentum we saw on Wall Street late last week has spilled over into Asia,” said Jun Rong Ying, an analyst at IG in Singapore, quoted by Market Watch.
The strengthening of the US dollar also has a negative impact on Asian stock markets, the expert says.
Japan’s Nikkei 225 lost 2.6% in trading on Monday.
The Purchasing Managers Index (PMI) in the industrial sector of Japan, calculated by Jibun Bank, fell in September to the lowest since January 2021 51 points compared to 51.5 points in August, according to preliminary data.
At the same time, the services PMI rose to a three-month high of 51.9 from 49.5 in August, while the composite PMI rose to its highest since June of 50.9 (49.4 in August).
The decline leaders among the components of the Nikkei 225 are shares of SoftBank Group Corp. (-5.4%), Mitsubishi UFJ Financial (-4.9%), Honda Motor (-5%), Sony Group Corp. (-4.3%), Toyota Motor (-3%).
Chinese indexes Shanghai Composite and Shenzhen Composite lost 0.1% and 0.7% respectively.
Last week, experts from Nomura and Goldman Sachs downgraded their forecasts for the Chinese economy for 2023 due to the tough policy of the Chinese authorities in containing the spread of COVID-19. This week, China’s National Bureau of Statistics is to release its September PMI, which is expected to give an indication of how fast the Chinese economy is recovering.
Shares of Zijin Mining Group lost 6.8% in trading on Monday, PetroChina – 3.7%, China Coal – 3.2%. At the same time, alcohol maker Kweichow Moutai rose 2.5% and Great Wall Motor rose 1.4%.
The Hong Kong Hang Seng is losing 0.4%. CNOOC shares fell 4.2%, CITIC – 5.7%, Meituan – rose 4.9%, Tencent – jumped in price by 4.3%.
From Monday, Hong Kong will end the quarantine for arrivals in the country, introduced for the first time 2.5 years ago.
The Australian stock index S & P / ASX 200 fell during trading by 1.3%. BHP Group fell 3%, Rio Tinto – 3.4%, Fortescue Metals – 2.8%.
South Korean KOSPI loses 3.8%.

Ukraine exported 1.39 million tons of soy

Ukraine exported 1.39 million tons of soybeans in the past marketing campaign 2021/2022 (MR, earthworm), which is only 5% less than the indicator 2020/2021.
With the last cob of Russian and Russian aggression in Ukraine, soybean has become the only olive crop, the average monthly export rate of such a mature crop – in birch sickle 2022 soybean export 507 Ths. Tons, that is 65% more, seemed lower for Birken-Serpni 2021.
The main importers of Ukrainian soy in 2021/2022 were the European Union regions and Turechchina. With the same EU in Birch-Serpni 2022, the import of Ukrainian soy increased by 76% and by 36% over the season, while Turechchina on the cob accelerated the purchase and reactivated them on the cob 2022. For the dates of the exchange 2021 imhr / 2022 MR from Ukraine to Turkey, 536 thousand tons of soybeans (39% of total exports), which is 2% less than MR 2020/21.
At the same time, in the 2022 birch crescent season, soybean exports from Ukraine to Turkey will correspond to the same period 2020/2021MR. In fact, according to the efforts of the association “Ukrainian Club of Agrarian Business” (UCAB), Ukraine exported 100 thousand tons of soybeans, sickle beans – 148 yews. tons for lime – 52 thousand. tons, for Chervni – 90 yew. metric tons

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Ukrzaliznytsia exported record 2.25 million tons of grain cargo since beginning of war – Tkachev

JSC “Ukrzaliznytsia” (UZ) for the period September 1-21, 2022 exported a record 2.25 million tons of grain cargo since the beginning of Russian aggression, which is 40.5% more than in August (1.6 million tons), the deputy director said Department of commercial work of UZ Valery Tkachev.
“We have set another record for the transportation of goods for export – 2.25 million tons, and this is only for the 21st day of September. I think that by the end of the month we will be able to reach the figure of 2.5 million tons, maybe we will try to transport up to 3 million tons,” Tkachev said during an online meeting with industry participants on Thursday.
According to him, the company achieved such growth due to the increase in transportation of agricultural products to three Ukrainian seaports, unblocked under the Istanbul grain agreements.
At the same time, he clarified that 1,516 thousand tons of agricultural products were delivered to ports for further shipments to third countries (for the whole of August, almost half as much – 795 thousand tons), while 732 thousand tons of grain were transported through land border crossings on the western border (in August – 805 thousand tons, -9%).
According to him, since the beginning of September, Ukrzaliznytsia has loaded a total of 1.89 million tons of grain cargo into wagons (for the whole of August – 1.74 million tons), which is 27.5% of the total loaded volume for this month of 6.32 million tons (9.28 million tons were shipped for export in August).
The representative of UZ also clarified that for September 1-21, the average daily loading of the company’s wagons amounted to about 90 thousand tons (in August – 56 thousand tons), reaching a record since the beginning of Russian aggression. So, on September 20, a record 122 thousand tons of agricultural products were loaded into the cars, on September 21 – 101.4 thousand tons, on September 19 – 112.8 thousand tons, on September 18 – 83.2 thousand tons.
“Now the loading through the network has also grown significantly, in recent days we have been loading more than 100 thousand tons per day. That is, the loading through the network is growing, and this is all thanks to the opening of our grain corridor,” the deputy director emphasized during the meeting.
Over the 21st day of September, Ukrzaliznytsia also exported 89.7 thousand tons of sunflower oil, as well as 132.7 thousand tons of all kinds of meal, through land border crossings and ports.
Tkachev clarified that over the specified period, the average daily handling of wagons of all types at border crossings sank by 6% – to 1,731 thousand wagons compared to 1,848 thousand wagons on average in August, while the transfer of grain wagons amounted to 536 wagons per day, which 14% more than the average for August (469 grain wagons per day).
According to him, the most intensive movement of wagons occurs through the Izov border crossing – 157 wagons / day, Batevo – 80 wagons / day, Yagodin – 48 wagons / day, Vadul-Siret – 47 wagons / day.
The UZ representative clarified that by September 21, the total queue of wagons of all nomenclatures at the border had decreased by 24% (or by 6.64 thousand wagons) compared to September 1, to 18.96 thousand units. from 25.12 thousand units At the same time, by September 21, there were 4.78 thousand grain wagons in the queue, while on September 1 this figure was 8.48 thousand wagons with grain (-44%, or by 3.69 thousand wagons).
Tkachev noted that the queue for the delivery of grain cargo, if you look at the availability of wagons and the daily delivery, is about nine days of waiting.
“At the same time, it is clear that we have crossings where the situation is more difficult, where you have to stand for 20 days, and there are places where there is no queue. In general, we have a queue of 9 days for the presence of a wagon fleet,” the UZ representative specified.
He also stressed that after the reorientation in early September of the main flow of grain cargo in the direction of Ukrainian seaports, UZ had the opportunity to additionally receive grain cargo for export through land border crossings on the western borders of Ukraine.

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Ukraine has harvested 30 million tons of crops of major crops

By September 23, Ukrainian farmers harvested 30.26 million tons of main agricultural crops (+0.6 million tons per week) from a total area of ​​9.1 million hectares (+0.1 million hectares), according to the website of the Ministry of Agrarian politics and food on Friday.
It is specified that over the week the total area of ​​farmland from which the harvest increased by less than 1% and amounted to about 61% of the previously planned area.
In terms of crops, harvesting of barley and rapeseed has been completed. Wheat was harvested from 99% of the area, peas from 98%, millet from 64% (+6 percentage points for the week), buckwheat from 40% (+6 p.p.), sunflower from 14% (+4 p.p.). o), soybeans – from 6% (+1 p.p.), sugar beet – 5% (+2 p.p.), corn – up to 1%.
According to the Ministry of Agrarian Policy, the final harvest of barley this season amounted to 5.5 million tons from 1.6 million hectares, rapeseed – 3.1 million tons from 1.96 million hectares.
In addition, by September 23, a total of 19.2 million tons of wheat were harvested (unchanged over the week) from 4.7 million hectares, 1.29 million tons of sunflower (+370 thousand tons) from 478 thousand hectares (+194 thousand tons). ha), 469 thousand tons of sugar beet (+135 thousand tons) from 9.2 thousand ha (+3 thousand ha), 250.7 thousand tons of peas (unchanged) from 109.4 thousand ha, 228 thousand tons of soybeans (+56 thousand tons) from 97.7 thousand hectares (+26.2 thousand hectares), 68.1 thousand tons of millet (+9.5 thousand tons) from 28.8 thousand ha (+2.9 thousand ha), 66.1 thousand tons of buckwheat (+7.6 thousand tons) from 47.2 thousand ha (+6.7 thousand ha), as well as 92.2 thousand tons of corn (+28.5 thousand tons) from 20.9 thousand hectares (+8.7 thousand hectares).
According to the ministry, the average yield for all crops in the current season was 38.4 centners per hectare, including corn – 44.1 centners per hectare, wheat – 41.0 centners per hectare, barley – 34.7 centners per hectare, rape – 28.5 c/ha, peas – 22.9 c/ha, soybeans – 23.3 c/ha, millet – 23.7 c/ha, sunflower – 19.2 c/ha, buckwheat – 14.0 c/ha, sugar beet – 512 c/ha.
As reported, in 2021 Ukraine harvested a record harvest of grains, legumes and oilseeds in the amount of 106 million tons: grains and legumes – UAH 84 million, oilseeds – 22.6 million tons.
In general, 32.4 million tons of wheat, 40 million tons of corn, 10 million tons of barley, 581.5 thousand tons of peas, 191 thousand tons of millet, 110 thousand tons of buckwheat were harvested last year. Sunflower harvest amounted to 16.3 million tons, soybeans – 3.4 million tons, rapeseed – 2.9 million tons.

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