Consumer prices in Ukraine fell by 0.7% in July, while since the beginning of the year their growth was 3.6%, the State Statistics Service of Ukraine has reported.
According to the agency, in annual terms (July 2018 to July 2017) inflation slowed down to 8.9% from 9.9% in June and 11.7% in May.
Underlying inflation in July 2018 also fell to minus 0.1% from zero in June.
Since the beginning of the year, the growth of the basic consumer price index stood at 3.4%. In annual terms, the growth of the index slowed to 8.8% from 9% in June.
According to the agency, in July prices for food and non-alcoholic beverages decreased by 1.9% compared to June 2018, those of vegetables, fruits and eggs fell by 12.4-7.6%, while prices of milk and dairy products, lard, butter, pork were down by 1.1-0.2%.
At the same time, prices for sugar, cereals, bread, rice, poultry, pasta, fish and fish products went up by 1.9-0.7%.
Prices for alcoholic drinks and tobacco products increased by 1.8%, in particular for tobacco products by 2.6%, alcoholic drinks by 0.8%.
The growth of tariffs for housing, water, electricity, gas and other fuels by 0.5% occurred mainly due to the increase in tariffs for the maintenance of houses and adjacent areas by 4.2%, sewerage by 2.8%, water supply by 2.2%.
The increase in prices for transport as a whole by 0.7% was mainly due to a rise in fare in road passenger transport by 3.6%. At the same time, the cost of fuel and oil fell by 0.3%.
The Ministry of Agrarian Policy and Food and grain traders have signed a memorandum to fix forecasted volume of wheat exports in the 2018/2019 marketing year (MY, July-June) at 16 million tonnes against 16.5 million tonnes in the previous MY.
The memorandum was signed on Friday, August 10, an Interfax-Ukraine correspondent said.
According to the appendix to the memorandum, exports of food wheat, which can be exported this MY, is determined at 8 million tonnes, while coarse wheat exports were fixed at 8 million tonnes.
Such document has traditionally been signed since 2011 between the Ministry and the market operators at the beginning of the season.
First Deputy Minister of Agrarian Policy and Food Maksym Martyniuk said during the signing ceremony that the figures could be adjusted taking into account the quality and volume of wheat.
As reported, the ministry raised its forecast for wheat harvest by one million tonnes, to 24 million tonnes, including 13 million tonnes of food wheat. According to the ministry’s preliminary estimates, the ratio of food/coarse wheat in 2018 will be 55/45. The domestic market demand for food wheat is estimated at 4.5 -5 million tonnes.
Ukraine in 2017/2018 MY exported 39.4 million tonnes of grain, including 17.14 million tonnes of wheat.
Czech company Vector Energy s.r.o. (Plzen) plans to buy 1.58 million ordinary registered shares of PJSC Ivano-Frankivsk Valve Plant, thus the buyer will have a 49.99% stake in this enterprise.
Vector Energy currently does not own shares of the plant, the company’s announcement in the National Securities and Stock Market Commission’s bulletin.
According to the Czech Trade Register, Vector Energy was registered in 2014, the director and owner of the company is Roman Shyliuk from Kyiv.
PrJSC Ivano-Frankivsk Valve Plant was registered in 1995. According to the National Securities and Stock Market Commission, its co-owners are PrJSC Energomashinvest and PrJSC S.V.T.A. whose ultimate beneficiary in the state register of legal entities and individuals is Abigail Silvan (West Indies, Grenada).
Serhiy Shyliuk is the head of PrJSC Ivano-Frankivsk Valve Plant since 2015.
According to the financial statements for 2017, Ivano-Frankivsk Valve Plant increased its net income by 77%, to UAH 52 million, reduced its net loss by 44%, to UAH 38.5 million.
The plant’s charter capital is UAH 159,800.
One troy ounce=31.10 grams
Ukraine exported 4,560 tonnes of cheese in January-July 2018, which is 6.1% less than in the same period in 2017. According to customs statistics released by the State Fiscal Service, in monetary terms exports amounted to $17 million – at the level of the seven months in 2017. At the same time, cheese imports in January-July 2018 amounted to 6,640 tonnes, which is 29.8% more than in the same period in 2017. In terms of money, this indicator increased by 43.6%, to $32.68 million.
Exports of butter from Ukraine in January-July this year rose by 32.2%, to 19,230 tonnes. In monetary terms, this figure grew by 1.5 times and amounted to $82.84 million. According to the State Fiscal Service, imports of this product increased by 2.7 times, to 637 tonnes ($4.26 million).
Exports of milk and cream (condensed) in January-July decreased by 20.8%, to 22,360 tonnes. Ukraine supplied condensed milk and cream for a total of $36.83 million against $48.78 million in January-July 2017. Imports of this group of goods increased by 1.7 times, to 1,230 tonnes ($3 million).
