Business news from Ukraine

Business news from Ukraine

UKRAINE EXPORTS 13.1 MLN TONNES OF GRAIN SINCE START OF MARKETING YEAR

Ukraine since the beginning of the new 2020/2021 marketing year (MY, July-June) and as of October 12 had exported 13.12 million tonnes of grain and legumes, which is 2.14 million tonnes less than on the same date last MY.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, 9.2 million tonnes of wheat, 3.06 million tonnes of barley and 820,000 tonnes of corn have been exported.
As of October 12 this year, 55,700 tonnes of flour were also exported.
As reported, Ukraine exported a record 57.2 million tonnes of grains, legumes and flour in the 2019/2020 MY, which is 13.5% more than in the previous MY.

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UKRAINE PRODUCES 170,000 TONNES OF SUGAR BY OCT 12

Sugar production in Ukraine as of October 12, 2020 amounted to 168,400 tonnes.
According to a report on the website of the Ukrtsukor National Association of Sugar Producers, as of the indicated date 20 sugar factories were operating in the country, which processed 1.25 million tonnes of sugar beets.
As reported with reference to Ukrtsukor, the sugar beet processing season in Ukraine started on September 5.
Sugar production in the country in 2020 is projected at 1.2 million tonnes, which is 15% less than a year earlier. It is expected that 33 sugar factories will operate this season, at the level of last year.
According to the State Statistics Service, in 2020 the area sown with sugar beets amounted to 218,900 hectares, at the level of last year.

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UMG INVESTS $11 MLN IN UKRAINIAN MINERAL FERTILIZERS

Recycling Solutions from the portfolio of the UMG Investments of the SCM Group has announced the opening of the Ukrainian Mineral Fertilizers complex, the main product of which is nitrogen-sulfur and multiple-nutrient fertilizers based on ammonium sulfate, in the city of Kryvy Rih, where over $11 million was invested.
“We planned and built the complex from scratch. The total investment amounted to more than $11 million. The company created 72 jobs,” UMG Investments CEO Andriy Gorokhov said in a press release on Tuesday.
According to the press release, the production capacities of the new manufacturer, operating with compacting technology, make it possible to provide Ukrainian farmers with up to 100,000 tonnes of finished products every year. The complex has new equipment from the Japanese-German holding Hosokawa Alpine.
The CEO of UMG Investments reminded that this is the second project of the processing portfolio this year: in March it was announced that it had entered into an agreement with Ihor Liska’s Effective Investments company to acquire a minority stake in Feednova, a new enterprise for the production of high-protein feed additives for agricultural and domestic animals. Now the company has already begun the process of placing equipment of the first stage at the construction site, and the project is planned to be completed by the end of 2020.
“We are planning further investments in recycling and are now looking for partners and considering appropriate projects for plastic recycling,” Gorokhov said.
Recycling Solutions is a Ukrainian company managing by-products and waste for the coal, metallurgical, thermal power and agricultural industries of Ukraine. Its areas of operation is processing and sale of ash and slag materials, smelter slag, rare and industrial gases, ammonium sulfate, animal by-products; production of heat and electricity from coal mine methane.
CEO of Recycling Solutions Dmytro Anufriev said that for many years crystalline ammonium sulfate – a valuable by-product of the metallurgical industry that can be turned into fertilizers – was exported for processing to countries such as Turkey, Bulgaria or Serbia, and then imported after processing back to Ukraine.
“Recycling Solutions has set up a local production facility in Kryvy Rih for processing crystalline ammonium sulfate into a ready-to-use granular product,” Anufriev said.
In the first half of 2020, Recycling Solutions sold more than 825,000 tonnes and 455,000 cubic meters of waste and by-products of domestic enterprises. The company received UAH 343.1 million of gross income and invested UAH 12.2 million in the creation of new processing enterprises, according to the release.
The company said in the press release that since its foundation, Recycling Solutions has attracted more than $15 million of investment in business development and the introduction of recycling technologies. The company employs over 220 people.
UMG Investments starts and develops businesses with high growth potential.

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BAYADERA GROUP REDUCES GRAPE HARVEST IN 2020

Bayadera Group, one of the largest alcohol holdings in the Ukrainian market, completed the grape harvesting season in Koblevo (Mykolaiv region) on more than 2,000 hectares, having collected 9,500 tonnes, which is 9.5% less than the indicator of 2019.
According to the group’s press release, the harvesting campaign ended on October 7 and lasted 1.5 months. Almost 70% of the harvest was collected by hand to create wines of the Reserve and Select lines.
According to the chief agronomist of Koblevo winery, Dmytro Moshul, the yield of such varieties as Chardonnay, Traminer, Cabernet, Merlot is 30-40 centners/ha, for nutmeg varieties from 70-90 centners/ha. The average yield on Koblevo lands is about 50-60 centners/ha.
“The next stage in Koblevo is the processing of grapes, the creation of young wine and its aging. Traditionally, the first bottling of wine of the 2020 season will take place at the beginning of 2021,” Bayadera Group noted.
Bayadera Group was founded in 1991. The group unites core assets in the alcohol industry – distribution companies and its own production of alcoholic drinks in Ukraine and Belarus, wine, vermouth and cognac, and is also the exclusive importer of the world alcohol brands in Ukraine.

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UKRAINE REDUCES COAL IMPORTS IN JAN-SEPT

Ukraine in January-September 2020 reduced imports of coal and anthracite (foreign economic activity code 2701) by 14.9% (by 2.234 million tonnes) compared to the same period in 2019, to 12.717 million tonnes.
According to the State Customs Service, coal imports amounted to $1.322 billion, which is 36.7% less than in January-September 2019.
At the same time, coal was imported from the Russian Federation for $796.222 million (60.22% of total imports), the United States for $400.793 million (30.31%), Kazakhstan for $87.431 million (6.61%), other countries for $37.712 million (2.85%).
Ukraine’s coal export for the eight months of 2020 amounted to 2,024 tonnes for $163,000 versus 13,157 tonnes for $508,000 in January-September -2019, in particular to Poland for $156,000 and Moldova for $7,000.

 

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PRESIDENT OF UKRAINE BELIEVES RAILWAY SERVICES SHOULD CONNECT MORE UKRAINIAN, POLISH CITIES

President of Ukraine Volodymyr Zelensky is in favor of railway services connecting more and more cities of Ukraine and Poland.
“Both Ukrainians and Poles should have comfortable conditions for mutual trips. In particular, railway services should connect more and more Ukrainian and Polish cities,” he said at the Ukrainian-Polish economic forum in Odesa on Tuesday.

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