Six vessels carrying nearly 154,000 tonnes of foods departed from Ukrainian ports on Thursday after receiving approval from the Joint Coordination Center (JCC).
“The Joint Coordination Center (JCC) reports that six vessels left Ukrainian ports today [on October 13] carrying a total of 153,505 metric tonnes of grain and other foods under the Black Sea Grain Initiative,” the center said.
In particular, the Wei He vessel is heading to China with 62,860 tonnes of sunflower meal on board, the Marlen bulker is carrying 33,000 tonnes of sunflower oil to Iraq, the Irmgard is carrying 30,817 tonnes of rapeseed to Germany, and the Ak Hamza is carrying 7,000 tonnes of corn to Lebanon.
Another two vessels – the Dignity (14,000 tonnes of corn) and the Yaf S (5,828 tonnes of wheat) – are bound for Turkey.
“Grains that reach a destination may go through processing and be transshipped to other countries,” the JCC said.
“As of October 13, the total tonnage of grain and other foodstuffs exported from the three Ukrainian ports is 7,363,704 metric tonnes. A total of 666 voyages (335 inbound and 331 outbound) have been enabled so far,” the center said.
The United Nations, Russia, Turkey and Ukraine signed a document in Istanbul on July 22 on opening a corridor to export grain from three Ukrainian ports – Chornomorsk, Odesa and Yuzhny.
CHINA, GERMANY, IRAQ, LEBANON, TURKEY, Ukrainian foods, VESSELS
The Netherlands will allocate additional EUR 70 million to Ukraine for the repair of municipal infrastructure on the eve of winter, Minister for Foreign Trade and Development Cooperation of the Netherlands Liesje Schreinemacher.
“As winter approaches, the problems for Ukrainians are only getting worse. Houses, plumbing and heating systems are in urgent need of repair. I announced to the World Bank that I am already allocating EUR 70 million on behalf of the Netherlands, especially for this winter,” she tweeted.
According to the data of the Ministry of Finance as of October 11, earlier the Netherlands committed to allocate EUR 310 million to finance the budget deficit of Ukraine, of which it has already provided EUR 106 million, including EUR 21 million in the form of grants.
The mission of the International Monetary Fund (IMF), whose positive conclusions will start work on a new program with it, is expected to begin work in Ukraine next week, said the head of the National Bank of Ukraine, Andriy Pyshny.
“We expect the start of the IMF mission as early as next week. We hope to reach agreements on macroeconomic indicators, parameters of the state budget for 2023 and sources of covering its deficit, which will be the beginning of work on a new program with the Fund,” the press service of the National Bank quoted him as saying. .
Pyshny also thanked the IMF for providing $1.3 billion in additional emergency financing under the RFI instrument, which arrived in Ukraine on Thursday.
As reported, on the eve of the IMF Managing Director Kristalina Georgieva said that the Fund’s team, together with the Ukrainian team, immediately after the annual meeting of the IMF and the World Bank (WB) this week, will determine Ukraine’s macroeconomic framework and budget.
In addition, US Treasury Secretary Janet Yellen noted that a new full-fledged IMF program for Ukraine could be early next year.
Finance Minister Serhiy Marchenko said the government estimates the need to finance the state budget deficit in 2023 at $3.5 billion a month, compared to $5 billion a month in 2022, which Ukraine has so far failed to raise. The best indicator was August with $4.6 billion, and in general, since the beginning of the war, or almost eight months, external funding amounted to $20.7 billion, of which almost 50% were grant funds.
The draft state budget of Ukraine for 2023, which was adopted in the first reading, provides for external financing of the deficit in the amount of $38 billion, or about $3.2 billion per month.
American billionaire Elon Musk has unveiled the “Burnt Hair” perfume with the smell of burnt hair, which is sold on the website of his company Boring Co. priced at $100 per bottle.
Musk, who is the head of Tesla, changed his Twitter status to “Fragrance Seller” and wrote that he had already sold 10 thousand bottles of perfume, that is, a total of $ 1 million.
Earlier, the billionaire reported that Boring will introduce a men’s fragrance that will help a person “stand out from the crowd.” He joked on Twitter that it was inevitable for a man with his last name to enter the perfume business (Musk means “musk” in English).
“Why did I even resist this for so long?” he wrote.
Last week, Musk sent a letter to Twitter executives offering to complete the acquisition of the company for $44 billion, although he had previously refused this intention.
“Please buy my perfume so I can buy Twitter,” he wrote on his page on Wednesday.
The billionaire has repeatedly released playful products that his fans buy as collectibles. For example, in 2018, Boring Co., an underground tunneling company, produced 20,000 hand-held flamethrowers and raised $10 million to fund its operations.
He also offered his fans to buy Tesla-branded “short shorts” as a prank on traders who were “short” in the shares of the electric car maker. In addition, he produced tequila “Tesla”.
US dollar is stable against the euro, strengthening against the yen and the pound sterling on Friday.
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), adds 0.03% during trading, the broader WSJ Dollar Index loses 0.02%.
The data of the US Department of Labor published the day before showed a weaker-than-expected slowdown in inflation. The CPI rose in September by 8.2% against the same month last year – the lowest rate in seven months. Experts polled by Trading Economics predicted, on average, a slowdown in inflation to 8.1% from 8.3% in August.
Meanwhile, core inflation, excluding the cost of food and energy (Core CPI) accelerated in September to the highest since August 1982 6.6% in annual terms from 6.3% a month earlier.
Published statistical data have strengthened investors in the opinion that the Federal Reserve System (Fed) will continue the rapid tightening of monetary policy. Now traders are waiting for a sharp rise in the rate of the US Central Bank at each of the two remaining meetings of this year, Bloomberg notes.
The euro/dollar pair is trading at $0.9781 compared to $0.9780 at the close of the previous session.
The US currency against the yen is 147.45 yen against 147.22 yen at the close of the market on Thursday.
The pound fell to $1.1322 from $1.1331 the day before.
British Treasury Secretary Kwazi Kwarteng left Washington, where he was meeting with representatives of the International Monetary Fund (IMF), a day earlier than planned. Experts believe that he may abandon part of the tax cuts he announced earlier in order to prevent an economic crisis in the country, the Financial Times writes.
The newspaper’s sources note that the IMF and finance ministers of several other countries recommended that he quickly abandon plans for tax cuts in order to avoid financial problems in the economy.
PJSC Interpipe Nyzhniodniprovsky Pipe Rolling Plant (NTZ, Dnipro) in January-June of this year posted a net loss of UAH 882.682 million against a net profit of UAH 163.581 million for the same period last year.
According to the interim report of the company, net income for this period decreased by 42.8% – to UAH 4.176 billion.
Retained earnings by the end of June 2022 amounted to UAH 2.951 billion.
In turn, the consolidated loss of Interpipe NTZ for January-June 2022 amounted to UAH 882.732 million (there was a profit of UAH 163.481 million).
According to the annual report for 2021, the company’s net loss amounted to UAH 486.412 million against a net profit of UAH 22.905 million for 2020. Income for 2021 amounted to UAH 8.226 billion (for 2020 – UAH 9.470 billion).
The group also published a report for January-March 2022, according to which the loss amounted to UAH 783.259 million, net income – UAH 1.075 billion.
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