Ukraine exported almost 3.8 million tons of sunflower meal in the first nine months of the 2023-2024 maketing year (starts in July), which is 23% more than in the same period last season. As the information and analytical agency APK-Inform reported, this figure was the maximum value for September-May in the last four years.
“The main importer of Ukrainian meal in the current season remains the European Union with a share of 45% (39% in the previous MY). Exports of meal in September-May 2023/24 MY in this direction increased by 41%, while to China decreased by 12%,” – said the analysts.
The experts recalled that the European Union approved a “safeguard duty” on imports of most grains, oilseeds and processed products of Russian and Belarusian origin in the amount of EUR95/ton of imported products to the EU, coming into force on July 1.
“In the oilseeds sector, the markets for meal may be affected the most. The export volumes of these products of Russian origin to the EU have been significant and it will be quite problematic to reorient them to other markets. But, given the geographical proximity to the global world importer – the Asian market, some volumes may be reoriented in this direction, in particular, to China”, – they predict.
They noted that in the new season, competition in the Chinese market is expected to intensify, which may lead to further reduction of Ukrainian sunflower meal in favor of Russian sunflower meal.
At the same time, this situation may have a positive impact on the volume of Ukrainian sunflower meal shipments to the European market. EU countries in the current season increased imports of Ukrainian product by 6%, up to 1.2 million tons (for July-May 2023/24 MY – data of the European Commission), but the volume of imports of Russian product for the same period also increased by one third – up to 775 thousand tons.
The EU “safeguard duty” may also have a good impact on the Ukrainian rapeseed meal market, especially ahead of the start of rapeseed processing. Thus, for this sector, the EU is the key sales market with a share of about 73%, and where the Ukrainian product competes quite seriously with Russian and Belarusian products. In particular, the share of Russian rapeseed meal in the total import of this product by the EU countries is 41% in the current season, Belarusian – almost 32% and only about 21% is Ukrainian meal”, – summarized in ‘APK-Inform’.
Due to weather conditions as of Wednesday morning 237 settlements in Zhytomyr, Kyiv, Sumy, Khmelnytskyi, Cherkasy, Chernihiv regions and Kyiv remain without power supply, another 490 settlements are without power due to other reasons, including military operations, NEC Ukrenergo reported in Telegram.
According to the Ministry of Energy, the most settlements – 117 – without light in Kyiv region, another 46 – in Chernihiv region, 42 – in Khmelnytskyi, 14 – in Cherkasy, 13 – in Zhytomyr region and 5 – in Sumy region. In total, according to his information, without light 38 thousand subscribers.
According to Ukrenergo, the process of connecting consumers in Sumy region, where one of the energy facilities was damaged during a night drone attack, is ongoing. According to the Ministry of Energy, the Russian Federation attacked by drones a substation of the oblenergo in the border territory of Sumy region, as a result of which 1,016 subscribers in 14 settlements were de-energized.
At the same time, as Ukrenergo notes, it managed to promptly restore power supply to consumers in Kherson, who were de-energized due to the shutdown of several power facilities in the region during the air alert. Damage to buildings and equipment of one of them was discovered during the inspection.
In general, there is still a deficit in the energy system, as a result of which hourly shutdown schedules, as announced earlier, will be applied from 15:00 to 23:00.
At the same time, a record volume of imports from Romania, Slovakia, Poland, Hungary, Moldova is scheduled for today – 29,796 MWh with a maximum capacity in some hours up to 1,689 MW, which corresponds to the maximum possible value. The last record was recorded on Saturday – 29,100 MWh.
Demand for oil in the world in 2024 compared to last year will grow by 962 thousand b / s, according to the monthly report of the International Energy Agency (IEA).
A month earlier the agency forecasted this indicator at the level of 1.062 mln b/s. Thus, analysts downgraded the estimate of demand growth by 100 thousand b/s.
The adjustment is due to an upward revision of the demand estimate for 2023: by 145 thousand b/s to 102.24 mln b/s. The agency’s analysts also raised the forecast for 2024: by 45 thousand b/s, to 103.2 mln b/s.
In 2025, the IEA expects oil demand to increase to 104.23 mln b/s, with this indicator growing by 1.03 mln b/s by the previous year. This estimate was downgraded from last month’s forecast by 150,000 b/s.
Observed world oil inventories in April increased for the third month in a row – by 19.3 mln barrels, mainly due to the growth of onshore stocks – by 83.5 mln barrels. At the same time, oil inventories in tankers fell by 64.2 million barrels.
Reference UAH/USD exchange rate in the interbank foreign exchange market as of 12:00 on June 12, 2024.
Indicator 11.06.2024 12.06.2024 Change, %
Reference UAH/USD exchange rate (UAH/$) 40.5638 40.4186 -0.36
Data: NBU.
Kyivpastrans, as part of the implementation of the European Investment Bank-financed program “Urban Public Transport of Ukraine”, has announced a new tender for the purchase of 12m and 18m trolleybuses for a total amount of up to EUR50m.
According to the announcement published in the Official Journal of the EU, to which the AllTransUA portal refers, it is planned to purchase low-floor trolleybuses, as well as the necessary spare parts, tools and equipment.
Disclosure of the bids is scheduled for July 31. The first batch of trolleybuses should be delivered in 24 weeks after the receipt of the advance payment by the supplier, and the entire contract is designed for 78 weeks.
As reported, under this loan agreement with the EIB, Kiev has already tried twice to purchase trolleybuses – the tender announced in November 2022 failed, and the one announced in August 2023, with bids submitted by the Czech Republic’s Škoda and Turkey’s Bozankay, was recently finally canceled, according to AllTransUA.
“Unfortunately, just like last time, single and two-section trolleybuses are to be delivered within one lot, and the quantity ratio is not specified in the announcement. This creates exactly the same problems as last time, when Ukrainian manufacturers could not participate, and foreign manufacturers offered a purely formal number of two-section trolleybuses (1 and 3 pcs.),” – notes AllTransUA.
As reported, the EIB and Kyiv Mayor Vitaliy Klitschko on December 10, 2021 signed a loan agreement for EUR100 million for the project of renewal of the trolleybus fleet, as well as the car fleet of the capital’s metro. This was the first loan from the EIB in Ukraine offered directly to the city without state guarantees.
As a result of a thunderstorm with heavy rain and wind up to 25 m/s on the morning of June 12 in the Kiev region 36 lines and 611 transformer substations are de-energized, according to the website of the Kiev regional military administration on Wednesday morning.
“A thunderstorm front has hit all regions of the Kiev region….. Specialists are already eliminating the consequences of bad weather. The task is to restore as quickly as possible the work of all lines of the highest voltage – 10 kV and go to the applications of customers on the networks of the lower voltage class 0.4 kV to return light to all homes. Strong wind with rain makes it difficult to work, which may provoke new accidents in the networks”, – stated in the message.
At the same time, the regional administration reminds that on June 12, the restriction of electricity consumption in the Kiev region will be in effect from 15:00 to 23:00.
