Business news from Ukraine

Business news from Ukraine

UKRAINE EXPORTS 38.4 MLN TONNES OF GRAIN SINCE START OF MARKETING YEAR

Ukraine since the beginning of the marketing year 2019/2020 (MY, July-June) and as of February 17, 2020 had exported 38.36 million tonnes of grain and legumes, which is 7.5 million tonnes more than on the same date of the last MY.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, the country has exported 16.23 million tonnes of wheat, 17.67 million tonnes of corn, and 3.97 million tonnes of barley.
As of February 17 of this year, 240,600 tonnes of flour had been also exported.
As reported, Ukraine in the 2018/2019 MY exported a record 50.4 million tonnes of grain, legumes and flour, which is 23% more than in the previous MY.

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KOKHAVYNSKA PAPER FACTORY INCREASES PRODUCTION IN JAN

Kokhavynska paper factory (Lviv region), a tissue and toilet paper producer (the Kokhavynka trademark), in January 2020 increased production by 2.8% compared with January 2019, to UAH 42.09 million.
According to the UkrPapir association, production of paper at the factory in kind decreased 5.7%, to 3,150 tonnes. At the same time, production of toilet paper fell by 10.5%, to 8.6 million rolls (a total of 55 million rolls was made in Ukraine in January 2020, a rise of 1.7%).
Kokhavynska paper factory has been operating since 1939. The factory producers base paper for hygienic goods, toilet paper and paper towels. The capacity of paper making machines is 19,000 tonnes per year, processing equipment 90 million rolls a year.
The factory exports about 40% of the products. The main consumers abroad are the Czech Republic, Romania, as well as companies from Belarus, Moldova, Hungary, and the Netherlands.
As reported, in 2019, the factory produced goods worth UAH 547.64 million, which is 1.6% more than a year earlier, paper production grew by 2.3%, to 37,900 tonnes.

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CIGARETTE MARKET IN UKRAINE FALLS BY 15% IN 2019 – OPINION

Ukraine produced 51 billion cigarettes in 2019, which is 15% less than in 2018, Country General Manager of Imperial Tobacco in Ukraine Rastislav Cernak has said.

“Compared to European countries, the decline in the volume of the cigarette market was indeed proceeding rapidly. According to our data, the market dropped by 15% compared to the previous year. In 2011-2017, the decline was less than what we observed in 2019,” he said in an interview with Interfax-Ukraine.

There are several objective reasons for the fall of the Ukrainian market, according to Cernak, including an increase in excise duty.

“In 2018, the excise tax on cigarettes increased 30%, in 2019 we had two increases – in January by 20%, and in July, by an additional 9%. A significant increase in excise tax led to an increase in the price of a pack of cigarettes, which caused growth in illegal trade,” he said.

The general manager of Imperial Tobacco in Ukraine said that over the past few years, the level of illegal trade has doubled. According to TNS Kantar research, in 2019, the level of illegal trade reached 7%. The upward trend has been observed since 2017.

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WEIDMANN MALYN PAPER FACTORY CUTS PRODUCTION BY 12%

Weidmann Malyn paper factory (MPF, Zhytomyr region), the only producer of electrical insulating board for power engineering machines in Ukraine, reduced production by 20.9% in January 2020 compared with January 2019, to UAH 46.07 million.
According to the UkrPapir association, in natural terms the factory’s production fell by almost 9%, to 494 tonnes, while transformer board output grew by 6.4%, to 451 tonnes.
MPF Weidmann is a member of the Weidmann international group, the only company in Eastern Europe that can supply almost all kinds of electrical insulating paper and cardboard meeting regional and international standards.
In 2019, the factory decreased production of commodity goods by 6.5%, to UAH 595.05 million.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 17/02/20

National bank of Ukraine’s official rates as of 17/02/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF FEBRUARY 17

Official rates of banking metals from national bank as of February 17

One troy ounce=31.10 grams

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