Oil prices rise moderately on Tuesday morning after a noticeable decline in the previous session.
The price of June futures for Brent on London’s ICE Futures Exchange stood at $84.91 per barrel by 8:13 a.m., $0.15 (0.18%) above the previous session’s closing price. Those contracts were down $1.55 (1.8%) to $84.76 a barrel at the close of trading on Monday.
The price of WTI futures for May at electronic trades of the New York Mercantile Exchange (NYMEX) is $80.96 per barrel by that time, which is $0.13 (0.16%) above the final value of the previous session. The day before contract fell by $1.69 (2.1%) to $80.83 per barrel.
As it became known on Monday, the index of New York Empire Manufacturing activity rose to plus 10.8 points in April from minus 24.6 points in the previous month. The indicator climbed into positive territory for the first time in five months and hit its highest level since July 2022. Analysts polled by Trading Economics had on average expected a rise to only minus 18 points.
The indicator pointed to the resilience of the U.S. economy, which increases the likelihood of new interest rate hikes by the Federal Reserve, MarketWatch noted.
On the other hand, some traders believe that U.S. GDP growth will continue to slow, which “limits the upside potential for oil prices and increases pressure” on the market, Zaye Capital Markets investment director Naeem Aslam said.
He said oil prices are more likely to decline than to rise, with prices likely to dip below $80 a barrel.
The list of agricultural products banned for import from Ukraine to Poland as of 16 April includes a broad list of grains, flour and starch, as well as, sugar, caramel, seeds for sowing, vegetables and fruits, including exotic ones, dairy products, honey, wine, livestock products and live animals, as well as dog and cat food packaged for retail sale.
According to the text of the annex to the decree of the Minister of Development and Technology of Poland Waldemar Buda dated April 15, 2023 (Interfax-Ukraine news agency has a copy), since April 16 imports of sugar maize (fresh and chilled) from Ukraine to Poland are prohibited, except for hybrids for sowing; Seeds of soft wheat and meslin, spelt, soft wheat and meslin, except for sowing, rye, barley, oats, grain sorghum, except for hybrids for sowing, buckwheat, millet, canary seed, other cereals, durum wheat: wheat and meslin flour; rye flour; wheat cereals; malt, even roasted; grain flour; and, corn, barley and oat flakes; wheat, corn, potato and other kinds of starch.
The list also included lactose, maltose, glucose, fructose in solid form; sugar syrups without added flavorings or colorings, artificial honey mixed or not with natural honey; and caramel. Also sugar beet, sugar cane, cane or beet sugar, including chemically pure sucrose, maple sugar and maple syrup. Melass obtained from the extraction or refining of sugar, beet pulp.
A range of seeds for sowing, including sweet corn hybrids, seed peas, chickpeas, crude rice, grain sorghum hybrids, linseeds; canola seeds, sunflower seeds (crushed or uncrushed; for sowing), other oilseeds and fruits; flax and hemp;
The range of fruits and vegetables prohibited for importation includes: tomatoes fresh or chilled, onions, shallots, garlic, leeks and other onion vegetables; cabbage, cauliflower, kohlrabi, leafy cabbage and similar edible vegetables; lettuce (Lactuca sativa) and chicory (Cichorium spp. ), carrots, turnips, salad beets, goatweed, celery, radishes and similar edible root vegetables, fresh or refrigerated. Also, cucumbers and gherkins, fresh or refrigerated; leguminous vegetables, peeled or unpeeled, fresh or refrigerated; nuts; fresh and dried bananas; fresh figs; pineapples; avocados; guavas mangoes and mangosteens; citrus fruits; table grapes, fresh; melons (including watermelons); papaya; apples, pears and quinces, fresh apricots, cherries, peaches (including nectarines), plums, other fruits.
It is prohibited to import not only raw vegetables, but also steamed or cooked in water, frozen, canned, dried. Under the ban are jams, marmalades, marmalades, fruit purees; wine, including grape juice and grape must; wine made from fresh grapes, including fortified wines; fresh grapes, except table grapes; vinegar.
The list includes a wide range of animal products: beef, veal, live animals of domestic species of cattle, except purebred farm animals; meat of cattle, fresh or chilled; beef frozen, salted, in brine, dried or smoked; Meat or meat by-products meal and meal; other prepared or preserved meat; live stock – thoroughbred breeding animals; preserved meat; by-products and offal; poultry meat and offal; Pig fat, meat and edible by-products of domestic pigs, sausages and similar products of meat, meat by-products or blood; swine fat (including lard); prepared products or preserves of the liver of any animal except goose or duck; pigs; mutton and goat meat; lambs (under one year of age), live sheep, except purebred breeding animals and lambs; sheep and goat meat; live swine; chilled and frozen swine meat; horses, including purebred breeding animals.
Private Joint-Stock Company “Radomyshl Brewery” (Radomyshl, Zhytomyr region), which is a part of “Persha Privatna Brovarnya” group, has increased its net loss by 57,3% – up to 149,42 million UAH in 2022 in comparison with the previous year.
According to the company’s notice in the information disclosure system of the National Securities and Stock Market Commission (NSSMC) about the planned annual meeting on April 28, its assets for the year increased by 23.9%, to UAH 3.82 billion, and the uncovered loss increased by 7.2%, to UAH 2.23 billion.
Total accounts receivable of the plant increased 16.5% during the year, to UAH 1.85 billion, long-term liabilities increased 20.7% to UAH 1.43 billion, and current liabilities increased 21.6% to UAH 3.62 billion.
The company increased its inventory by 57% to UAH 0.72 bln and had UAH 17.2 mln of free cash at the end of the year.
The shareholders are not allowed to pay out dividends and will have to repay their losses at the expense of future profits.
As earlier reported, Persha Privatna Brovarnya LLC was founded in 2004. It operates two breweries – in Lviv and Radomyshl with a total capacity of 2.4 million hectoliters of beer per year.
According to the PPB website, the largest shareholder of the company and its CEO is Ukrainian Andrey Matsola, while the second largest stake belongs to the EBRD. The rest of the shares are divided between Oettinger Group and the managing partners of OASIS Group.
The company’s brand portfolio includes beer brands Avtorskoe, StareMisto, Zhiguli Barne, Oettinger, CervenaSelka, Bavaria, Galitskaya Korona and others, as well as two kvass brands Lvovsky and Drevlyansky.
The Radomyshl Brewery PJSC (Radomyshl, Zhytomyr region), which is part of the Persha Privatna Brovarnya group of companies, increased its net loss in 2022 by 57.3% compared with the previous year, to UAH 149.42 mln.
According to the company’s notice in the information disclosure system of the National Securities and Stock Market Commission (NSSMC) about the planned annual meeting on April 28, its assets for the year increased by 23.9%, to UAH 3.82 billion, and the uncovered loss increased by 7.2%, to UAH 2.23 billion.
Total accounts receivable of the plant increased 16.5% during the year, to UAH 1.85 billion, long-term liabilities increased 20.7% to UAH 1.43 billion, and current liabilities increased 21.6% to UAH 3.62 billion.
The company increased its inventory by 57% to UAH 0.72 bln and had UAH 17.2 mln of free cash at the end of the year.
The shareholders are not allowed to pay out dividends and will have to repay their losses at the expense of future profits.
As earlier reported, Persha Privatna Brovarnya LLC was founded in 2004. It operates two breweries – in Lviv and Radomyshl with a total capacity of 2.4 million hectoliters of beer per year.
According to the PPB website, the largest shareholder of the company and its CEO is Ukrainian Andrey Matsola, while the second largest stake belongs to the EBRD. The rest of the shares are distributed among Oettinger concern and the managing partners of OASIS group.
The company’s brand portfolio includes beer brands Avtorskoe, StareMisto, Zhiguli Barne, Oettinger, CervenaSelka, Bavaria, Galitskaya Korona and others, as well as two kvass brands Lvovsky and Drevlyansky.
Ukraine in January-March this year, Ukraine increased exports of sunflower oil by 14.5% – to 1 million 322.611 thousand tons. According to customs statistics, in monetary terms, exports of these products in the first quarter decreased by 13.6% – to $1 billion 355.889 million ($1 billion 568.449 million in 1Q2022).
During this period, the export of soybean oil increased by 36.6% – to 78,091 thousand tons, in monetary terms increased by 1.6% – to $77.689 million.
In 2022, Ukraine reduced exports of sunflower oil by 16.4% to $4 billion 290.336 million, in monetary terms – by 14.5% to $5 billion 464.151 million.
Soybean oil exports in 2022 were 237,025 thousand tons, down 1.7% from 20211. In monetary terms, exports rose by 3.2% to $304.685 million.
