Business news from Ukraine

Business news from Ukraine

USAID AGRO program to provide UAH 57 mln for flour vitaminization projects in Ukraine

The USAID AGRO Program announced the launch of a grant program to co-finance 15 flour vitaminization projects with a total budget of up to UAH 57 million to make Ukrainian products competitive and in demand in new international markets, expand the range of products, and increase processing volumes.

According to the report, fortification (enrichment) of flour with vitamins and trace elements to improve public health in the world has already become a common practice, implemented in more than 80 countries. International organizations speak out in favor of vitaminized flour and purchase it for humanitarian programs, in particular and to provide food for countries in Africa and Asia.

“In the context of war and limited exports, low grain prices, the production of vitaminized flour will help improve distribution channels and markets, increase access of micro, small and medium-sized agricultural enterprises (MSMEs) – grain producers to flour mills and establish long-term cooperation,” the donor organization’s press office wrote on Facebook.

Those wishing to participate in the grant program have until August 21 to register for a pre-application online workshop to be held on August 22. The deadline for applications (technical proposal, budget and supporting documents) is September 17.

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Ukrainian agrarians threshed 22.9 mln tons of grain of harvest-2023

Agrarians of all regions of Ukraine have harvested early grain and leguminous crops on the area of 5292 thousand hectares, having threshed 22 million 961 thousand tons of grain at a yield of 43.7 c/ha, the press service of the Ministry of Agrarian Policy and Food reported.

According to the report, the largest threshing – 3.2 million tons – was recorded in Odessa region, where agrarians have already completed the collection of early grains and legumes.

To date, Ukraine has harvested barley on 1263 thousand hectares, which is 85% of the planned, of which 4.901 million tons were threshed; wheat from 3.830 million hectares (82%) was harvested 17.698 million tons; peas from 146.6 thousand hectares (98%) received 361.2 thousand tons.

Agrarians of Kherson and Dnipropetrovsk regions have started harvesting millet, which was threshed 0.2 thousand tons from 0.3 thousand hectares, and buckwheat – 0.1 thousand tons from 0.08 thousand hectares.

In addition, on the area of 1315.21 thousand hectares (92% of the planned areas) harvested 3702.1 thousand tons of winter rape.

The Ministry of Agrarian Policy in connection with the revision of the forecast for the harvest of all crops monitors information on their yields. Thus, for barley this week it amounted to 38.8 c/ha, wheat – 46.2 c/ha, peas – 24.6 c/ha, winter rape – 28.1 c/ha, which is almost the same as last week. The yield of millet – 6.9 c/ha, buckwheat – 11.3 c/ha.

As reported, winter wheat sowing this season amounted to 4166 thousand hectares (-834 thousand hectares to the previous season), winter barley – 536 thousand hectares (-255 thousand hectares), rapeseed – 1374 thousand hectares (+110 thousand hectares).

According to the adjusted forecast of the Ministry of Agrarian Policy, in 2023 agrarians will be able to harvest grain in the following volumes: wheat – 20.9 million tons, barley – 5.8 million tons and corn – 28.1 million tons. Gross production of oilseeds will reach 20.3 million tons, in particular, sunflower – 12 million tons, rapeseed – 4 million tons, soybeans – 4.2 million tons. The sugar beet harvest is forecasted at 13.7 million tons.

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Energy imports to Ukraine in 2021-2022

Energy imports to Ukraine in 2021-2022

Source: Open4Business.com.ua and experts.news

In “Kyivzelenstroy” searches held

Employees of the investigation department of the National Police Department in Kiev are conducting searches in the office premises of the Kievzelenstroy municipal association, the Kiev city state administration said.

“Searches are being conducted in the office premises of “Kyivzelenstroy”…. Searches are conducted by officers of the investigative department of the State Department of the National Police in Kiev,” the KSCA said in its Telegram channel on Friday.

“KO “Kyivzelenstroy” provides all necessary available documents and contributes in every possible way to a full and comprehensive investigation in accordance with the procedure established by the criminal procedural legislation,” the statement emphasizes.

“Agrain” has exceeded its grain harvest plan by 20%

Agrarian enterprises of Agrain group of companies have completed the harvesting campaign of winter wheat on the area of more than 14 thousand hectares, which are located in Odessa, Chernihiv, Cherkasy, Zhytomyr and Kharkiv regions, the press service of the agroholding reported.

“The plan for grain harvesting by farms of the agro group for 2023 is generally overfulfilled by 20%. Maximum winter wheat yield was obtained on the fields of LLC “Agrovit” (Cherkassy region) – 7.8 tons / ha and LLC “Agricor Holding” (Chernihiv region) – 7.0 tons / ha. The crop was harvested on time in all regions, even despite rainy weather at the end of July. Wheat grain, harvested this year, is of high quality and clean”, – the press service quoted the chief agronomist of the agricultural holding Slavko Stanisic.

Currently, work is underway to prepare the soil for sowing winter crops for the 2024 harvest. Agroholding enterprises are preparing for reaping sunflower and corn.

“Agrain” is engaged in the cultivation and storage of grain and oilseed crops, as well as animal husbandry. Before the full-scale Russian invasion, the agroholding included 11 agricultural enterprises and cultivated about 110 thousand hectares in Zhytomyr, Kharkiv, Chernihiv, Odessa and Cherkassy regions. The holding is owned by SAS Investcompagnie (France).

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Oil cheapens, Brent at $86.25 per barrel

Prices of benchmark oil grades are down weakly on Friday morning after a sharp decline the previous day.

The price of October Brent futures on London’s ICE Futures exchange is at $86.25 a barrel by 8:10 a.m. Q4, down 15 cents (0.17%) from the previous session’s close. On Thursday, these contracts fell in price by $1.15 (1.3%) – to $86.24 per barrel.

Quotes of futures for WTI crude oil for September at the electronic trading of the New York Mercantile Exchange (NYMEX) by the specified time decreased by 14 cents (0.17%) and amounted to $82.68 per barrel. At the end of the last session they fell by $1.58 (1.9%) – to $82.82 per barrel.

Earlier this week, both grades hit multi-month highs. Despite declines the day before, they may end in the plus side for the seventh straight week on expectations of fuel shortages in the global market.

“The oil market has been overbought after rallying for weeks, but OPEC+ production cuts and improving demand outlook remain positive factors,” said CMC Markets analyst Tina Teng.

Meanwhile, OPEC left in force its previous forecast, which envisioned growth in global oil demand in 2023 by 2.44 million bpd to 102.01 million bpd. Next year, it will increase by another 2.25 million bpd to 104.25 million bpd, the organization expects.

“Sustained global economic growth amid continued improvements in China is projected to boost oil consumption in 2024,” OPEC said.

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