Business news from Ukraine

Business news from Ukraine

Ukraine increased exports of ferroalloys 35 times in January

In January of this year, Ukraine increased exports of ferroalloys in physical terms by 35.4 times compared to the same period last year, up to 8,331 thousand tons from 235 tons.

According to statistics released by the State Customs Service, exports of ferroalloys increased 10-fold to $8.655 million in monetary terms.

The main exports were to Algeria (42.11% of supplies in monetary terms), Poland (41.96%) and Austria (8.79%).

In addition, last month Ukraine imported 5.298 thousand tons of these products, a 24.5% decrease compared to January 2014. In monetary terms, imports fell by 33.8% to $8.442 million.

Imports were mainly from Norway (32.80%), Kazakhstan (27.85%) and Georgia (9.11%).

As reported, Pokrovsky Mining and Processing Plant (PGOK, formerly Ordzhonikidze Mining and Processing Plant) and Marganetsky Mining and Processing Plant (MGOK, both in Dnipropetrovska oblast), both part of Privat Group, stopped mining and processing of crude manganese ore in late October and early November 2023, while NFP and ZFP stopped smelting ferroalloys. In the summer of 2024, ferroalloy plants resumed production at a minimal level.

In 2024, Ukraine reduced exports of ferroalloys in physical terms by 4.45 times compared to 2023 – to 77.316 thousand tons from 344.173 thousand tons, while in monetary terms, exports decreased by 3.4 times – to $88.631 million from $297.595 million. The main exports were to Poland (27.40% of supplies in monetary terms), Turkey (21.53%) and Italy (19.82%).

In addition, last year Ukraine imported 82.259 thousand tons of these products compared to 14.203 thousand tons in 2023 (an increase of 5.8 times). In monetary terms, imports increased by 3.3 times to $140.752 million from $42.927 million. Imports were carried out mainly from Poland (32.71%), Norway (19.55%) and Kazakhstan (13.90%).

Prior to the nationalization of the financial institution, PrivatBank organized the business of ZZF, NZF, Stakhanovsky ZF (which is on the NKT), Pokrovske and Marganetske GOKs. Nikopol Ferroalloy Plant is controlled by EastOne Group, established in the fall of 2007 as a result of the restructuring of Interpipe Group, and Privat Group.

,

Ukraine reduced pig iron exports by 9.6% in January but increased revenue

In January of this year, Ukraine reduced exports of processed pig iron by 9.6% in physical terms compared to the same period last year, to 128.592 thousand tons.

According to statistics released by the State Customs Service (SCS), pig iron exports in monetary terms increased by 3.2% to $51.581 million in the period under review.

Exports were mainly to the United States (89.95% of shipments in monetary terms), the Netherlands (3.83%) and Poland (3.48%).

In the first month of the year, the country did not import pig iron, as it did in January 2014.

As reported, in 2024, Ukraine reduced exports of processed pig iron by 3.4% in physical terms compared to 2023 – to 1 million 290.622 thousand tons, and by 6.1% in monetary terms – to $500.341 million. Exports were mainly to the United States (72.64% of supplies in monetary terms), Turkey (8.03%) and Italy (7.30%).

In 2024, the country imported 38 tons of pig iron worth $90 thousand from Germany, while in the same period of 2023 it imported 154 tons of pig iron worth $156 thousand.

,

Ukraine is undisputed leader in terms of sunflower oil supplies to EU

According to the European Commission, from July 1, 2024 to February 2, 2025, the European Union countries imported about 1.24 million tons of sunflower oil. This is less than in the same period last year (1.51 million tons), but higher than in the 2022/23 season (1.13 million tons). The pace of imports has slowed in recent weeks: while in December up to 59,000 tons were imported weekly, in early February – less than 25,000 tons per week.

Ukraine remains the largest supplier of sunflower oil to the EU, providing 94% of imports (1.17 million tons). However, this is lower than the previous year’s figure (1.40 million tons) due to reduced raw material supplies, slower processing and limited export potential.

Serbia and Bosnia and Herzegovina are the second and third largest suppliers of sunflower oil to the EU with market shares of 3% and almost 1% respectively. However, their export volumes also declined compared to the previous year.

The decline in supplies from Ukraine, Serbia and Bosnia and Herzegovina is prompting the EU to seek new sunflower oil suppliers to compensate for the deficit and stabilize the market.

Source – TG channel Serbian Economist

 

, , ,

Exports of ferrous scrap from Ukraine decreased by 8.5% in January

In January of this year, Ukrainian companies reduced exports of ferrous scrap by 8.5% year-on-year to 15,696 thousand tons from 17,160 thousand tons.

According to statistics released by the State Customs Service (SCS), 31.612 thousand tons of scrap were exported in December 2014, 34.608 thousand tons in November and 24.549 thousand tons in October.

In monetary terms, scrap exports in January decreased by 13.2% to $4.406 million from $5.078 million.

Scrap metal exports in January-2025 were carried out mainly to Poland (96.57% of supplies in monetary terms) and Germany (3.43%).

In the first month of the year, Ukraine imported 3 tons of scrap metal worth $1 thousand from the British Virgin Islands.

As reported, in 2024, Ukraine’s scrap collecting enterprises increased exports of ferrous scrap by 60.7% compared to 2023 – to 293,190 thousand tons from 182,465 thousand tons. In monetary terms, the export of scrap metal increased by 73.2% to $91.311 million from $52.723 million over the year. Scrap metal exports in 2024 were mainly to Poland (81.80%), Greece (13.75%) and Germany (3.19%).

For the whole of last year, the country imported 104 tons of scrap metal worth $110 thousand, while in 2023 it imported 1,075 thousand tons worth $411 thousand. Imports were carried out mainly from Turkey (64.55% in monetary terms), the British Virgin Islands (16.36%) and Panama (8.18%).

,

KSG Agro buys 10% of its own shares to expand investments in EU

Agroholding KSG Agro has bought back 10% of its shares from its major shareholder Olbis Investments Ltd, the company’s press service reports.

“The purpose of this step is to increase the holding’s liquidity, which will allow KSG Agro to diversify and expand its investment activities in the EU markets,” the agricultural holding explained.

KSG Agro noted that they want to place special emphasis on investments in biofertilizers. As part of the company’s long-term strategy to strengthen its financial stability, it is also considering real estate investments.

The first step in implementing this strategy is to strengthen the company’s financial position and liquidity by acquiring 1.5 million shares from its major shareholder, Olbis Investments Ltd. Previously, Olbis Investments Ltd S.A. owned 64.62% of the holding’s share capital, and 35.17% were in free float.

KSG Agro, a vertically integrated holding company, is engaged in pig breeding, as well as production, storage, processing and sale of grains and oilseeds. Its land bank in Dnipropetrovska and Khersonska oblasts is about 21 thousand hectares.

According to the agricultural holding, it is one of the top 5 pork producers in Ukraine. In 2023, it launched a “network-centric” strategy, which will move from developing a large location to a number of smaller pig farms located in different regions of Ukraine.

In January-September 2023, KSG Agro received $1,336 million in net profit, which is almost 14 times more than in the same period in 2022. Its EBITDA for the three quarters of this year increased by 67% to $4.5 million, and its profit from sales increased by 16% to $11.9 million.

In January-March 2024, KSG Agro agricultural holding reduced its net profit by 37% to $0.96 million, while revenue decreased by 2% to $5.02 million. Its EBITDA decreased by 2% to $1.83 million.

Exports of high oleic sunflower oil from Ukraine decreased to lowest level in seven seasons

The exports of high-oleic sunflower oil from Ukraine in 2024-2025 marketing year continue to decline, which is typical for the sector for the fifth consecutive season, APK-Inform news agency reported.

“In September-December of the current season, the country shipped only 57 thsd tonnes of the oil to the foreign markets, which is 52% down from the same period last season and the lowest in the last seven seasons,” the analysts said.

Moreover, the share of high oleic oil in the total exports of sunflower oil in 2024/25 MY decreased to 3%, compared to 5-8% in the previous several seasons.

“The main reasons for the decline in the supply of high oleic sunflower oil are the decrease in the production of high oleic sunflower last year and the restraint of the oilseed sales by the farmers due to the significant increase in the price of the classic hybrids of the crop and the record premiums for high oleic sunflower from the Ukrainian processors,” the experts explained.

Thus, given the available stocks of HO sunflower oil among farmers and the likely more active sales of this crop in the spring in the second half of the current season, the volumes of processing and, accordingly, exports of HO oil may increase.

According to the analysts, the potential of exports of HO sunflower oil in the season-2024/25 is about 220-240 thsd tonnes against 289 thsd tonnes in the previous season and may be the lowest in many years.

At the same time, the increase in the price of sunflower oil in the current season and high-oleic oil in particular, as well as the growth of the premium for rapeseed oil on the world market may be the additional factors of the slowdown, APK-Inform forecasts.

,