Ukraine in 2022 would increase grain and oilseeds production from 90 million tonnes in 2018 to 100 million tonnes, President of the Ukrainian Grain Association (UGA) Mykola Horbachev has said. “We expect that by 2022 Ukraine will increase the production of grain and oilseeds to 100 million tonnes, exports will be up to 70 million tonnes. By this time, the port capacity will be enough to unload these volumes,” he said in an interview with Interfax-Ukraine.
“This year we already have more than 90 million tonnes. This season we expect a record grain yield thanks to corn. We had 6 tonnes per hectare in good years before, and this year we already have 7.8 tonnes from 1 ha. We are approaching normal rates. For example, in the United States, the average corn yield is 11 tonnes per ha,” Horbachev said.
At the same time, according to him, next year we can expect a slight decline in cereal production, since the record corn harvest may not repeat.
“We predict a total grain and oilseed harvest of 92 million tonnes. If next year the corn harvest is usual, this figure will decrease by almost 9 million tonnes. But this is more associated with corn. We expect the same (that is, usual) harvest for major crops, since the acreage has not changed,” the president of the UGA said.
According to him, the export of grain without processing products for the current year is planned at the level of 52-52.5 million tonnes. However, companies may have difficulties with timely delivery of grain to ports due to difficulties with Ukrzaliznytsia.
“We can work at the level of 5 million tonnes of exports per month. But it must somehow be predicted: about 6 million tonnes of corn were sold in October-November, but it is not a fact that it will have time to get to the port. Thus, some companies had a situation when they could not ensure the availability of cargo in the port. They purchased grain in Argentina or Brazil and supplied it from those countries, not from Ukraine,” Horbachev said.
Ukraine’s Verkhovna Rada has passed an amendment to the Tax Code, according to which the excise duty on fruit and berry wines is reduced to UAH 0.01 per liter, Head of the Ukrsadvynprom association Volodymyr Pechko has said. “The Verkhovna Rada reduced the excise duty on fruit and berry wines and equated it to the excise duty on grape wines. Previously, it was equated with liquor and vodka products. This industry was dilapidated when there was ‘draconian’ legislation. And now the conditions are optimal to resume production of fruit and berry wines,” he told Interfax-Ukraine.
According to a comparative table, the tax rate on non-sparkling wines with 1.2-15% ABV will be UAH 0.01 per liter.
According to the head of Ukrsadvynprom, the parliament also agreed on changes, according to which, new producers of wine products will be considered the fourth group of taxpayers using the simplified taxation system.
As reported, the Cabinet of Ministers has increased government support for hop growing, laying of young gardens, vineyards and berries, from UAH 300 million in 2018 to UAH 400 million in 2019.
Enterprises and organizations in Ukraine in January-September 2018 raised profit from ordinary activities before taxation by 12.4%, to UAH 208.2 billion, while in January-September 2017 the figure was UAH 237.8 billion, according to the State Statistics Service of Ukraine. According to the service, in January-September 2018 profitable Ukrainian enterprises received UAH 378.218 billion of profit, which is 2.6% more than in the same period in 2017. At the same time, 29.2% of enterprises posted a negative financial result. Their losses in January-September of this year increased by 29.9% compared to January-September last year, to UAH 169.98 billion.
The volume of sales of services by service enterprises in Ukraine in Q3 2018 amounted to UAH 197.1 billion, which in comparable prices is higher than the level of Q3 2017 by 4.8%, according to the State Statistics Service of Ukraine. According to its data, the volume of services provided to the population amounted to 24% of the total volume of services sold.
As reported, the volume of sales of services by service enterprises in Ukraine increased by 5.8% in Q2 2018, 3% in Q1 2018, by 0.6% in Q4 2017, by 3.1% in Q3 2017, by 7.7% in Q2 2017, and by 14.8% in Q1 2017.
One troy ounce=31.10 grams
