official rates of banking metals from national bank as of November 12
One troy ounce=31.10 grams
National bank of Ukraine’s official rates as of 12/11/19
Source: National Bank of Ukraine
Ukrainian enterprises in January-October 2019 decreased exports of ferrous scrap metal by 87.2% compared to the same period of 2018, to 40,736 tonnes (316,196 tonnes in January-October 2018). According to customs statistics released by the State Fiscal Service of Ukraine, exports of scrap metal in monetary terms fell by 89%, to $11.31 million ($102.5 million a year ago).
Some 103 tonnes of scrap metal was exported October, 3,551 tonnes in September, 155,000 in August, 204,000 tonnes in July, 208,000 tonnes in June, 8,068 tonnes in May, 8,791 tonnes in April, 8,246 in March, 8,252 tonnes in February and 3,140 tonnes in January.
At the same time, in January-October 2019, the country increased imports of scrap metal in kind by 46% compared to January-October 2018, to 45,669 tonnes. Imports in monetary terms increased 1.8%, to $29.495 million.
Imports of scrap metal for the mentioned period arrived mainly from Turkey (59.16% of deliveries in monetary terms), Russia (31.64%), and the Netherlands (2.26%); and major exports were shipped to Turkey (86.71%), the Netherlands (6.45%) and Germany (4.84%).
Ukrainian metal companies in January-October 2019 imported 1,462 tonnes of ferrous products obtained by direct reduction of iron ore (HS code 7203) – hot briquetted iron (HBI), which is a substitute for pig iron and scrap metal. The HBI was imported from Russia through July-August for a total value of $478,000 when 1,539 tonnes of HBI was imported through January-September 2018 with a total value of $509,000.
As reported, Ukrainian enterprises in 2018 decreased exports of ferrous scrap metal by 33% compared to 2017, to 327,547 tonnes. Exports of scrap metal in monetary terms fell by 13.3%, to $105.646 million.
The service for the delivery of food from Raketa restaurants (Dnipro) has begun to work in Kyiv.
According to the company’s official announcement, on November 11, 2019 around 200 Raketa pedestrian, bicycle, motorcycle and auto couriers started working in Kyiv. They perform free delivery of meals from more than 70 restaurants located in the central areas of the city, with a stated delivery time of 60 minutes. The order is made in a mobile application (available for iOS and Android).
The first few months, Raketa will work in the capital in a beta testing mode. During this time, the service plans to cover the entire territory of Kyiv.
The size of commission from the restaurant for delivery of the order is not disclosed.
According to the report, the company plans to occupy at least 30% of the food order market in Ukraine and develop a network of its own kitchens (dark kitchen). The first of them is already working in a test mode near the Bessarabsky market in Kyiv, and the plan is to open 25-30 such kitchens in the capital.
“The network of our own kitchens will allow us to close all processes within the company, provide perfect service, and most importantly, deliver in less than 30 minutes,” Oleksiy Yukhymchuk, the co-founder of Raketa, said.
Raketa is a service of food delivery from restaurants that began operations in Dnipro on March 5, 2018. Currently, the company is owned by three stakeholders, including Ukrainian entrepreneurs Oleksiy Yukhymchuk and Stanislav Dmytryk (the name of the third owner is not disclosed).
The harvest of grain and leguminous crops in Ukraine in 2019, according to preliminary data, will be about 74 million tonnes, which is 4 million tonnes more than in 2018, Economy Minister Tymofiy Mylovanov has stated.
“In particular, wheat will amount to 28.1 million tonnes (3.5 million tonnes more), corn to 35 million tonnes (800,000 tonnes less), and barley to 8.9 million tonnes (1.6 million tonnes more),” he wrote on Facebook.
Oleh Bakhmatiuk and his Ukrlandfarming agricultural holding at the end of October sent an official offer to the Individuals’ Deposit Guarantee Fund as an arbitration manager for the phased repayment of UAH 8 billion of debts to VAB Bank and Bank Financial Initiative owned by the businessman and withdrawn from the market, and on making a UAH 500 million guarantee fee. “Then UAH 1 billion a year. This offers remains valid, and I am actively working to ensure such financing,” Bakhmatiuk told Interfax-Ukraine.
He said that last week he had been actively negotiating in the Middle East, in particular with representatives of Cargill.
“I didn’t run anywhere, I’m actively working,” the businessman commented on reports of an alleged escape in connection with the arrests within the VAB Bank case in Ukraine that began on November 11.
Bakhmatiuk noted that in the coming days he would continue negotiations with trading companies and investors on the previously outlined program, but then he plans to return to Ukraine and will work with lawyers.
According to him, Ukrlandfarming annually produces 2.5 million tonnes of grain and under such commodity flows would be able to attract money necessary for the phased payment of debts.
