The heatwave in Ukraine will not have a major impact on the harvest of early crops, but we can no longer count on high yields of late oilseeds, including corn and soybeans, said Taras Vysotsky, acting Minister of Agrarian Policy and Food, during the Unified National Telethon.
He reminded that there are two types of crops grown in Ukraine – early and late. The harvest of early crops is already underway. We are talking about wheat and barley, as well as oats, peas, rye, and rapeseed.
“These crops are also subject to the heat effect, but it is not critical. They are even favorable for harvesting,” the acting minister said.
According to him, the average yield of early grain crops is 37 centners per hectare. However, it will grow as the harvest continues in the southern and central regions. In particular, Odesa, Mykolaiv, Kirovohrad, and Dnipro regions have already harvested more than 1 million tons each. Next, the western and northern regions will start harvesting, where yields will be higher.
As of today, the average yield of early crops is expected to be around 45-48 cwt/ha, Vysotsky emphasized.
“If we look at the later crops, which are primarily corn, sunflower and soybeans, there may be a negative effect of the heat, as it is the peak of flowering, pollination and growth of these crops. It all depends on the weather in the coming weeks. But as of today (it can be stated – IF-U), the current heat will not allow us to collect record figures for corn and sunflower,” said the acting Minister.
Vysotsky said that the production of early grains is expected to reach 27 million tons. The domestic consumption of this group of crops is about 6-8-9 million tons, which is three times higher than the domestic demand. Therefore, there will be no grain shortage in the country, and no sharp price fluctuations are expected.
At the same time, he said, the situation may change in the fall. In August, after the early grain harvest is completed, the situation with other crops will become clear.
“As of today, the price change is expected to be more at the level of inflation or devaluation, because these (crops – IF-U) are export-oriented goods. They are also tied to the hryvnia exchange rate. No sharp price changes are expected based on this levy (of early grain crops – IF-U),” the acting minister stated. He added: “The final forecast for the crop harvest will be made in the second half of August.”
On Bunker Club hosted a charity wine evening organized by Experts Club. The guests of the event were given the opportunity to taste 12 varieties of Ukrainian wine, each of which has its own unique characteristics and history. In particular, the following Ukrainian wines were presented:
Sparkling white wine My wine by Eduard Gorodetsky, which is distinguished by its fresh and light taste, perfect for a summer evening.
Sauvignon blanc 2023 by Demidi wine with bright fruity notes and delicate acidity that gives the wine a special freshness.
Telti-Kuruk 2023 from Big Wines, which has a rich flavor with hints of ripe fruit, making it an ideal choice for red wine connoisseurs.
Dnipro Hills Riesling 2023 from Stoic Ukrainian winery has a pleasant aroma with notes of flowers and honey, complemented by a light fruity aftertaste.
The 2020 Furmint from Chateau Chizay has a rich flavor and a complex bouquet that combines fruity and smoky notes.
Beycush red 2023 from Beycush winery, which has a deep color and rich flavor with hints of ripe berries and spices.
Odesa black 2023 from Big Wines is noted for its rich taste and aroma of dark fruits, which gives it a special charm.
El Capitan Pinot noir 2021 from 46 ParaleI has an elegant taste with notes of cherry, raspberry and light spicy hints.
Freedom Blend from the legendary Purcari winery (Moldova) combines the best traditions of Moldovan winemaking, offering a rich taste with hints of black berries and spices.
Ice wine Riesling from Chateau Chizay is characterized by its sweet taste and rich aroma of ripe fruit and honey.
Shabo Reserve Sherry Dry White by Shabo has an expressive flavor with light notes of nuts and spices, making it an excellent choice for special moments.
Shabo Luxe de Charente by Shabo is distinguished by its mild and refined taste with notes of vanilla and caramel that give it a special charm.
The charity event was not only an opportunity to enjoy fine wines, but also to support important initiatives. All the funds raised will go to charity, which adds even more value to the event.
The tasting was held to promote Ukrainian wine producers. The partners were Experts Club and the Ukrainian Wine Industry Association. UkrSadvynProm unites about 200 enterprises from different regions of Ukraine, established in 2016 to unite market participants and provide practical assistance in solving problematic issues in viticulture and winemaking, as well as horticulture, including berry and nut growing.
Experts Club is a Ukrainian information and analytical center founded in 2020 to create an analytical framework to increase the competitiveness of Ukraine and Ukrainian business in the world.
Over the past weekend in the water bodies of Ukraine killed 66 people, including 10 children, reported the State Service of Ukraine for Emergency Situations (SSES).
“66 people, among them 10 children, died on the water bodies of Ukraine over the past weekend. Fortunately, 11 people, including 4 children, managed to save. In general, since the beginning of 2024 on water bodies of Ukraine killed 672 people, including 76 children,” – reported in the Telegram channel on Monday.
It is noted that the most victims were found in Kyiv, Cherkasy and Dnipropetrovsk regions.
The State Emergency Service urges citizens to be careful while vacationing near water: to assess their physical capabilities, to choose only places adapted for swimming, not to swim too far, especially in unfamiliar bodies of water and to keep an eye on children.
At the end of June, Kyiv hosted a landmark event for all cigar and gourmet drink lovers – the 56th Cigar Gourmet Club Meeting. The event was organized by the Fortuna Cigar House in cooperation with the Experts Club. The meeting was held as part of a tradition launched in January 2015 in Odesa, and since then has been successfully held in major cities of Ukraine, including Lviv, Kharkiv and Dnipro.
This seminar was special due to the presentation of cigars from La Aurora Cigars, a company with a long history and producing products at the oldest operating factory in the Dominican Republic. La Aurora Cigars was founded in 1903 by Eduardo Leon Jimenez, who named his factory La Aurora in honor of the morning dawn. Today, the company is run by his grandson, Guillermo Leon Herbert, and is an important player in the market not only for cigars, but also for beer and cigarettes.
Two cigar lines were presented at the meeting:
Principes Claro Robusto is a sophisticated daily cigar with light Ecuadorian Connecticut Shade tobacco that combines sweet and woody notes.
La Aurora 107 Zeppelin is a cigar created in honor of the company’s 107th anniversary, with Nicaraguan and Dominican tobaccos aged for six years. It evolves from medium to full-bodied, revealing complex flavors of nutmeg, cinnamon and caramel.
The drinks for the event were selected by the sommelier of VINO & VINO stores Konstantin Yasko, who presented them to the visitors:
Oloroso Sherry, “Rio Viejo”, La Ina – an expressive sherry with deep notes of burnt oak, bitter chocolate and walnut.
REDBREAST whiskey, 12 years old, 40% – single malt Irish whiskey with a rich black currant flavor, sherry intonations and woody nuances.
SCAPA “GLANSA” whiskey 40% – aged in smoky whiskey barrels, with a fruity and spicy aroma of peach, pineapple and vanilla.
Warre’s Otima 20 Y.O. Port is a port wine with a refined flavor of dates, orange peel and oriental spices.
Each Cigar Gourmet Meeting is not only an opportunity to enjoy the best cigars and drinks, but also to learn more about their history and production. A special event was the presentation of Oksana Todorova’s new book “ENERGY OF STORETELLING. Stories, Archetypes, Trends in Business Communications” to those who listened attentively to the speakers’ presentations.
Thus, the joint event of the Fortuna Cigar House and Experts Club was a unique event that brought together people with a delicate taste and love for true values.
Tukimachi Sanoat Textile Group (TST Group, Uzbekistan) will establish five enterprises in Azerbaijan within the formation of a cotton cluster, the Ministry of Economy of Azerbaijan has reported.
Elchin Rzayev, head of the executive authority of Imishli district, and Rahib Isayev, head of Tukimachi Sanoat Textile Group, a subsidiary of Tukimachi Sanoat Textile in Azerbaijan, signed documents on Friday to implement the joint project. “The document envisages transfer of 5.826 thousand hectares of agricultural land on the territory of the agro-park located in Imishli district and managed by the Agency for Development of Economic Zones (structure of the Ministry of Economy of Azerbaijan) for long-term use to the Uzbek company,” the ministry said.
TST GROUP will initially invest AZN 28.7 million ($16.9 million at the current exchange rate) in the creation of cotton fields on the territory of the agro-park, in 2025-2029 will build a cotton processing plant, spinning, weaving and garment factories, as well as a cotton oil plant. “Cotton processing and oil production plants will be established on the territory of the agro park, while spinning, weaving and garment factories will be set up on the territory of the Mingachevir Industrial Park,” the ministry said.
“In general, investments in the project are estimated at AZN 92.5 million ($54.4 million at the current exchange rate), and its implementation will create 1,130 jobs. It is also planned to attract funds from the Azerbaijan-Uzbekistan Investment Fund for the realization of the project. This project will allow to create a cotton cluster in Azerbaijan,” the Ministry said.
As reported, in May 2024, one of the founders of TST Group held talks with representatives of the Agency for Development of Economic Zones of Azerbaijan, their main topic was the realization of previously reached agreements on granting TST Group a land plot near the town of Imishli. Then it was reported that the volume of investment in the textile cluster project is estimated at $52 million. The meeting also discussed plans for joint processing of Azerbaijani cotton with export of products to third countries.
TST Group is a family group of companies engaged in production and wholesale of fabrics in Uzbekistan. The group is one of the five major producers of fabrics in the country.
Partner banks of the state program of affordable mortgages “eHouse” have accredited 47 developers since the beginning of the year, bringing the total number of accredited developers to 67, the press service of PrJSC Ukrainian Financial Housing Company (Ukrfinzhytlo) reports.
According to the report, 11 developers joined the program in June. As a result, Ukrainians can now purchase housing under the program in 77 residential complexes in 15 regions of Ukraine.
Since the start of the eHouse program, Ukrainians have purchased 3,242 first-sale apartments, including 388 in newly constructed facilities.
The eHouse affordable mortgage lending program was launched in Ukraine in October 2022. Contract servicemen of the Armed Forces of Ukraine, employees of the security and defense sector, healthcare workers, teachers, and researchers can apply for a preferential mortgage at 3% per annum for up to 20 years with a down payment of 20% of the cost of housing.
Starting from August 1, 2023, war veterans, combatants, internally displaced persons (IDPs) and citizens who do not have their own housing larger than the standard area can apply for the eHouse program at a 7% discount.
Under the terms of the program, privileged categories of participants can purchase housing in a house under construction and houses not older than 10 years (in the capital and regional centers), while other participants can purchase housing in a house not older than three years or in a building under construction.
Ten partner banks participate in the program: state-owned Oschadbank, PrivatBank, Ukrgasbank, Ukreximbank, Sens Bank, as well as Globus Bank, Sky Bank and Credit Dnipro Bank, MTB Bank and TAScombank.
According to Ukrfinzhytl, as of July 12, loans were issued to 11,426 participants for UAH 18.1 billion.
