Ukraine’s grain harvest in 2025-2026 marketing year will be at the level of 55-65 million tons, grain exports – 40-50 million tons, and oilseeds harvest will also exceed last year’s and is expected to be at the level of 24 million tons, predicts Sergiy Feofilov, general director of information and analytical agency UkrAgroConsult.
“Rapeseed and sunflower will remain the most marginal, while corn will show stable margin growth due to the recovery of demand,” he explained in an interview published on the agency’s website.
The expert believes that in 2025 agrarians will emphasize the development of processing and increase exports of value-added products (oil, meal, flour, fodder), which will reduce dependence on logistics costs and increase revenues.
According to Feofilov, the focus of trade will shift to North Africa, Asia and the Middle East, where demand for grains and oilseeds is growing, and Ukraine can respond to these challenges by expanding its markets.
The head of “UkrAgroConsult” expressed confidence that this year the key issues for Ukrainian farmers will remain the increase in the share of high value-added products in exports, trends in the growth of lending to farms, adaptation of agricultural technologies to climate change, rising prices for resources and increasing number of sudden requests.
The issues of security, energy independence, increasing the profitability of farmers, adaptation to environmental standards, harmonization of Ukrainian legislation to European legislation, international cooperation, restoration and improvement of logistics chains will also be relevant, summarized Feofilov.
Inflation in Ukraine, which fell to 5.1% in 2023 after jumping to 26.6% a year earlier, rose to 12.0% in 2024, the State Statistics Service (Ukrstat) reported on Friday.
According to its data, consumer price growth in the country in December 2024 slowed to 1.4% from 1.9% in November, 1.8% in October and 1.5% in September.
The statistics agency recalled that in December 2023, consumer prices rose by 0.7%, so in annual terms, inflation in December 2024 increased to 12% from 11.2% in November, 9.7% in October, and 8.6% in September.
It is indicated that in December 2024, core inflation rose to 1.3% from 1.2% in November, returning to the level of October. Taking into account that in December 2023 it was zero, in annual terms, core inflation in 2024 rose to 10.7% from 4.9% in 2023, while in 2022 it was 22.6%.
At the end of October, the National Bank of Ukraine downgraded its inflation forecast for 2024 from 8.5% to 9.7%, and for 2025 from 6.6% to 6.9%.
The Ministry of Economy of Ukraine forecasted inflation at 9.5% in 2024 and expects it to be at the same level in 2025.
In 2024, imports of passenger cars, including cargo and passenger vans and racing cars (UKT FEA code 8703), increased by 8% in monetary terms compared to 2023, to $4.385 billion.
According to customs statistics released by the State Customs Service of Ukraine, the top three countries from which cars were imported the most were the United States, Germany and Japan, as in the previous year, while imports of cars from the United States increased by 13.2% to $817.9 million, and their share in the structure of car imports was 18.65% compared to 17.78% a year earlier.
Cars from Germany, whose share in the structure of imports decreased by 0.32 percentage points to 15.56%, were imported for $682.16 million (5.8% more), and the share of cars from Japan decreased to 11.3% from 13.9% a year earlier – they were imported for $495.71 million (12% less).
Imports of passenger cars from other countries amounted to $2.389 billion (54.5% share), while a year earlier it was $2.131 billion (52.47%).
According to the statistics of the State Customs Service, in December, imports of passenger vehicles to Ukraine amounted to $389.67 million, which is 3.5% more than in December 2023.
At the same time, last year Ukraine exported such vehicles for $10.1 million, while a year earlier – for $27.9 million, while most often they were supplied to Canada (for $1.82 million), the United States ($1.79 million) and Germany ($1.54 million), while in 2023 – to Georgia, the UAE and Germany.
As reported, in 2024, a total of $25 billion worth of machinery, equipment, and transport was imported to Ukraine, compared to $19.8 billion a year earlier, and $3.5 billion ($2.9 billion) worth of exports.
Ukraine in 2024 increased imports of coal and anthracite (HS code 2701) in 2.7 times (by 1 million 145.951 thousand tons) compared to 2023 – up to 1 million 812.592 thousand tons.
According to the State Customs Service, coal was imported for $402.219 million, which is 2.2 times more than in 2023 ($185.378 million).
From the United States came coal worth $98.868 million (share – 24.58%), Australia – $97.794 million (24.31%), Czech Republic – $69.527 million (17.29%), other countries – $136.03 million (33.82%).
Ukraine’s coal exports in 2024 decreased 1.7 times (by 273.353 thousand tons) – to 397.324 thousand tons, in value terms it fell 4.7 times (by $136.325 million) – to $36.366 million,
Including coal shipped to Swedish counterparties for $14.776 mln, to Indian counterparties for $10.421 mln, to Italian counterparties for $5.487 mln, and to others for $5.682 mln.
As reported, Ukraine in 2022 reduced imports of coal and anthracite in 4.2 times (by 14 million 932.904 thousand tons) compared to 2021 – to 4 million 630.144 thousand tons. Coal was imported for $1 billion 179.113 million, which is 2.1 times less than in 2021 ($2 billion 488.698 million).
In 2024, Ukrainian mining companies increased exports of iron ore in physical terms by 89.8% year-on-year to 33 million 699.722 thousand tons.
According to the statistics released by the State Customs Service, foreign exchange earnings from iron ore exports increased by 58.7% to $2 billion 803.223 million in the period under review.
Exports of iron ore were carried out mainly to China (36.47% of supplies in monetary terms), Poland (17.27%) and Slovakia (17.15%).
In 2024, Ukraine imported iron ore for $414 thousand in a total volume of 2,042 thousand tons, while in 2023, 250 tons of this raw material were imported for $135 thousand. Imports in 2024 were carried out from Poland (49.64%), the Netherlands (22.89%) and Norway (13.49%).
As reported, in 2023, Ukraine decreased exports of iron ore in physical terms by 26% compared to 2022 – to 17 million 753.165 thousand tons, foreign exchange earnings from iron ore exports amounted to $1 billion 766.906 million (down 39.3%). Iron ore was exported mainly to Slovakia (28.39% of supplies in monetary terms), the Czech Republic (19.74%) and Poland (19.56%).
Last year, Ukraine imported iron ore worth $135 thousand in the total amount of 250 tons. During this period, imports were made from Norway (34.81%), Italy (28.89%) and the Netherlands (28.89%). While in 2022, iron ore was imported for $65 thousand in a total volume of 101 tons.
The National Securities and Stock Market Commission (NSCMC) has added the trader training platform DoubleCase, the resource Hug’s (Spy LLC) of the famous financier Eric Nyman and six more cases to the list of unreliable investment projects.
“We remind potential investors of the significant risks associated with investing: due to persons whose activities on the territory of Ukraine are in no way regulated, persons indicating false information about licensed and allegedly official activities in countries with developed financial markets,” – stressed the Commission.
According to the data released on the website of the Commission, the list includes trading platforms E8 Markets, Rocket Options Pro, Pocket Broker, Bino Trade, AirMarkets, mining platform Gomining.
Thus, the total number of projects on the list reached 345, their full list is available on the official website of the SECP in the section “Protection of Investors’ Rights”.
Nayman told Economic Pravda that the Commission’s request to respond within five days to the questions was received only on January 8. In his opinion, no license is needed to conduct information courses, so the regulator’s decision is unreasonable.
The financier added that if the real reason for the claims is his high-profile posts in Facabook, then let the SEC address them directly to him, and not to Spy LLC.
According to the information on Double Case’s website, it has been operating in the market since 2004, and since 2008 it decided to focus on the educational sphere. Since 2021, the company has significantly expanded its presence and now has three offices each in Kiev and Chisinau and two each in Odessa and Lviv, and its clients can work through broker Pelliron Universal Inc.
NATIONAL COMMISSION, securities, unreliable investment projects
