Revenue from the export of dairy products from Ukraine in September reached a record since the beginning of the year – $35.9 million, which is 9.2% more than in August 2022, and 2.45 times more than in September 2021.
According to the website of the Association of Milk Producers, such growth was facilitated by high export prices for dairy products and the preferential regime introduced by the EU for the export and transit of Ukrainian goods.
It is specified that in September Ukraine exported 4,900 tonnes of milk powder (more by 51% compared to August 2022) in the amount of $15.8 million (more by 39.8%), 1,100 tonnes of cheese (up 8.9%) worth $5.08 million (up 3.7%), as well as 327 tonnes of fermented milk products (up 19.6%).
At the same time, foreign supplies of butter in September decreased to 1,960 tonnes (down 8.25% compared to August) for a total of $11.3 million (down 5.7%), milk and whole cream – to 2,650 tonnes (down 25.7%) for $1.37 million (down 28.1%).
According to the union, whey exports fell to 1,960 tonnes in September due to problems with its delivery to the largest buyers in China and Malaysia, caused by Russian aggression.
The association clarified that the total import of dairy products to Ukraine in September decreased by 19% compared to August due to the cheap hryvnia. In general, dairy products worth $16.3 million were imported to Ukraine during the month.
It also underlined that a seasonal reduction in dairy exports should be expected in October, but its figures will still be high compared to last year.
The IAEA experts have received information according to which there are plans to re-launch the fifth reactor at the Zaporizhia NPP, the agency said in a statement.
“Senior Ukrainian operating staff informed IAEA experts present at the ZNPP that preparations are under way to start unit 5 at reduced power to produce steam and heat for the needs of the plant,” the IAEA’s statement reads.
It is noted that it will take some time to complete all the preparations. Zaporizhia NPP is the largest nuclear power plant in Europe, has six VVER-1000 power units.
At the moment, the plant does not generate electricity: on September 11, the last working reactor was stopped.
On September 1, the IAEA mission visited the NPP. After that, two agency specialists work at the station.
The Ukrainian Zaporizhia NPP was captured by Russian troops at the end of February.
The stock indexes of the largest countries in the Asia-Pacific region (APR) are mainly strengthening at the auction on Thursday, with the exception of the Hong Kong indicator.
Optimistic statistics on the increase in the number of jobs in the United States, published yesterday, dampened hopes that the US Federal Reserve may slow down the pace of tightening interest rates, writes MarketWatch. This put some pressure on stock markets.
The number of jobs in the US private sector in September increased by 208 thousand compared to August, according to the ADP Research Institute. Analysts polled by Dow Jones estimated an increase of 200,000. In August, the number of jobs increased by 185,000, and not by 132,000, as previously reported.
Traders are now waiting for the US Labor Department’s September unemployment report, which will be released on Friday at 3:30 p.m. Experts estimate the unemployment rate in the country last month at 3.7%, the same as in August, and the increase in the number of new jobs in the economy as a whole at 250,000, writes Trading Economics.
Market participants also evaluated the OPEC + decision.
Ministers of the OPEC+ countries at a meeting on Wednesday decided to reduce oil production quotas in November by 2 million bpd.
The value of the Japanese index Nikkei 225 to 8:24 qoq increased by 0.9%.
The growth leaders among the components of the index are the shares of the IT company Rakuten Group Inc. (+4.7%), which issues credit cards Credit Saison Co. Ltd. (+3.9%) and retailer Isetan Mitsukoshi Holdings Ltd. (+3%).
The Hong Kong indicator Hang Seng fell by 0.17% by 8:27 qoq.
The drop leaders in the index are the shares of the pharmaceutical company Hansoh Pharmaceutical Group Co. Ltd. (-7.3%), automaker Geely Automobile Holdings Ltd. (-4.9%) and solar panel manufacturer Xinyi Solar Holdings Ltd. (-3.5%).
Shares of Chinese lithium battery manufacturer CALB Co. depreciated in debut trading in Hong Kong, dropping 1.6% below the placement price of 38 Hong Kong dollars ($4.84) per paper.
Exchanges in mainland China are closed due to the National Day holidays.
The South Korean index Kospi by 8:22 quarter is growing by 1.5%.
The market value of one of the world’s largest chip manufacturers Samsung Electronics Co. increased by 1.8%, automaker Hyundai Motor – by 1.1%.
The Australian S&P/ASX 200 added 0.03%.
Shares of the world’s largest mining companies BHP and Rio Tinto increased by 0.6% and 0.2%, respectively.
OPEC+ ministers, in their uncertainty related to the prospects of the world economy and the oil market, due to the need to improve long-term forecasts of the oil market, as well as in accordance with the successful approach to renewal actions, which were consistently applied by the participating countries, adopted a number of decisions, the secretariat of the organization reported.
All is provided, the term of the agreement has been extended until December 31, 2023.
Since November, the oil production quota has been reduced by 2 million b/s compared to the August level (falling in line with the October quotas).
Ministries are responsible for registration with the Office+ Ministerial Monitoring Committee (JMMC) and one at a time. Full-length OPEC+ ministerial meetings will be held this year together with OPEC+ conferences
JMMC may at any time request to the OPEC+ Ministries, if necessary.
The next meeting of OPEC+ ministers is scheduled for December 4.
Refund period for late date March 31, 2023.
Bankers hope for a quick appointment of a new head of the National Bank of Ukraine (NBU) to replace Kirill Shevchenko, who announced his resignation on October 4, and expect the regulator to maintain a consistent course even after the new appointment.
This is evidenced by the bankers’ comments provided to the Interfax-Ukraine agency on Wednesday.
“I don’t think that any radical changes in the strategy of the National Bank should be expected in the conditions of war. The entire system of governing the country in the current situation is more or less subordinated to a single common goal. Under these conditions, one can hardly speak of full-fledged freedom of decision-making by individual In other words, I do not expect any “revolution”,” Ivan Svitek, head of the board of Unex Bank, said.
He believes that it is better not to delay the appointment of a new head, as this is important for the banking system and its stability, as well as for foreign partners and creditors.
“As a banker, shareholder and head of the bank, I, of course, would like to see a person from the system at the head of the NBU. He has fresh experience in a commercial bank, who understands all the complexities and problems of the system. I am sure that in addition to strategic state tasks, the regulator should remain a “friend “the market he regulates,” Switek said.
The banker added that the new head of the NBU, who has fresh practical experience in a commercial bank, is better able to provide banks, especially during the war, not only with instructions and requirements, but also with support.
“It is necessary to appoint a new head of the NBU as soon as possible, especially given the military situation in the country. But this is not a question, we will find out his name in the near future,” said Vladimir Mudry, head of OTP Bank.
According to him, if one of the members of the Shevchenko team becomes the new head, this will mean a certain continuity of the NBU policy and a greater degree of predictability of further decisions and tools to influence the market.
“Otherwise, in my opinion, it should be a macroeconomist, not only with experience in managing a commercial bank, but also with broader expertise, possibly in international organizations, government agencies, capable of bringing a new vector of development to the National Bank’s policy,” he added. banker.
Volodymyr the Wise stressed that in any case, the main thing today is the unity of all authorities, therefore the first task of the new head of the NBU is his soonest entry into the system of managing the country’s economy and financial market.
As reported, People’s Deputy Yaroslav Zheleznyak, First Deputy of the Parliamentary Committee on Finance, Tax and Customs Policy and People’s Deputy Oleksandr Dubilet claim that Andriy Pyshny will become the new head of the National Bank.
Previously, Pyshny was named as a possible candidate for the post of head of the NBU even before the start of the war, when the topic of a possible change in the head of the central bank arose several times. At the same time, the ex-head of Oschadbank was ready to compete for the post of head of Ukreximbank, but due to the war, the corresponding competition was canceled. In May of this year, Pyshny became an adviser to the head of the board of Oschadbank, and is also a member of the Yermak-McFaul sanctions group.
The current head of the National Bank of Ukraine, Kirill Shevchenko, announced his resignation on October 4 for health reasons.
The Rada appointed him to this post for a seven-year term on July 16, 2020, and before that he was the head of the board of the state-owned Ukrgasbank.
Earlier, on July 1, 2020, the head of the NBU, Yakov Smoliy, resigned due to political pressure. He has worked in this position since March 2018, and before that, since May 2017, he was acting. head of the NBU.
The Organization for Economic Co-operation and Development (OECD) will open a dialogue with Ukraine on its accession following a request from Kyiv, OECD Secretary General Matthias Kormann said in a statement on Wednesday.
“After a request received from Prime Minister Denys Shmyhal to start the process of Ukraine’s accession to the OECD, the OECD Council decided to recognize Ukraine as a potential member of the organization,” it says.
Norman noted that after the completion of initial consultations on this issue, the OECD Council will consider opening discussions on accession and preparing a draft roadmap.
