Business news from Ukraine

Business news from Ukraine

CHORNOMORSK SEAPORT SEES 23.2% RISE IN CARGO HANDLING IN JAN-OCT

The Chornomorsk seaport (Odesa region) in January-October 2019 increased cargo handling by 23.2% year-over-year, to 21.051 million tonnes.
According to the Ukrainian Sea Ports Authority, during this period the port increased export transshipment by 24.4%, to 16.181 million tonnes, import transshipment by 15.9%, to 3.8 million tonnes, transit transshipment by 19.7%, to 881,230 tonnes, and also significantly raised transshipment of cabotage goods, almost by 3.7 times, to 179,750 tonnes.
Transshipment of liquid cargo in the port in January-October rose by 9.1%, to 1,377 tonnes, dry bulk cargo by 26.5%, to 14.42 million tonnes, packaged goods by 21.1%, to 5.253 million tonnes.
Transshipment of containers amounted to 111,279 TEU (an increase of 9%).
As reported, the volume of transshipment at the port in 2018 increased by 25.02% compared to 2017, to 21.54 million tonnes.
Chornomorsk port is a universal international port, one of the largest on the Black Sea.

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BLACK SEA OIL INDUSTRY PLANS TO BUILD VEGETABLE OIL TERMINAL AT PIVDENNY MARITIME MERCHANDISE PORT

Black Sea Oil Industry LLC (Kyiv) plans to build a vegetable oil refining and bottling complex at the Pivdenny maritime merchandise port (Odesa region).
According to the unified register of environmental assessment, the complex will have an oil refining workshop with a daily capacity of 350 tonnes or an annual capacity of 115,500 tonnes and a vegetable oil bottling workshop with the same capacity.
The bottling workshop will have two plastic bottling lines with a capacity of 10,000 liters per hour and 12,500 liters per hour.
According to the unified public register of companies and private entrepreneurs, the founder of Black Sea Oil Industry LLC is Iryna Hlushets. The company was registered in June 2019.

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UKRAINE SEES PRODUCTION OF MEAT RISE BY 6.3%

Milk production in Ukraine in January-October 2019 decreased by 3.6% compared to the same period in 2018, to 8.4 million tonnes.
According to the State Statistics Service, in January-October 2019, farmers produced 2.73 million tonnes of meat (live weight), which is 6.3% more than in the same period of 2018.
Egg production grew by 4%, to 14.32 billion units.

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IMC AGRICULTURAL HOLDING SEES 43% FALL IN NET PROFIT

IMC agricultural holding in January-September 2019 saw $18.35 million in net profit, which is 43% less than a year ago.
According to a company report on the Warsaw Stock Exchange (WSE), revenue over the period grew by 46%, to $118.77 million.
Gross profit fell by 19%, to $48.54 million, and operating profit – by 42%, to $22.81 million.
Earnings before interest, taxes, depreciation and amortization (EBITDA) over the period fell by 21%, to $39.96 million.
As of September 30, 2019 noncurrent liabilities of the company totaled $108.95 million compared with $24.93 million as of late September 2018. Current liabilities reached $89.03 million ($81.39 million).
After the reporting period, IMC repaid loans and interest in the amount of $4.72 million and received loans in the amount of $2.85 million.
According to the document, revenue from the sale of corn for the reporting period increased 54%, to $93.34 million, wheat 2.2 times, to $12.77 million, soybeans 22%, to $2.22 million, milk 12%, to $1.13 million. At the same time, revenue from the sale of sunflower decreased 14%, to $7.52 million.
IMC specializes in growing grains, oilseeds and milk production in Ukraine. The agricultural holding processes about 130,000 hectares of land in Poltava, Chernihiv, and Sumy regions. It owns storage capacities of 554,000 tonnes of grains and oilseeds.

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UKRAINE EXPORTS 22 MLN TONNES OF GRAIN

Ukraine since the beginning of the marketing year 2019/2020 (MY, July-June) and as of November 15, 2019 had exported 22.14 million tonnes of grain and legumes, which is 41.7% more than on the same date last MY.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, the country has exported 12.6 million tonnes of wheat, 5.8 million tonnes of corn, and 3.4 million tonnes of barley.
As of November 15 of this year, 138,100 tonnes of flour have also been 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.
The U.S. Department of Agriculture (USDA) in November raised its forecast for grain exports for the 2019/2020 MY by 500,000 tonnes compared with the October forecast, to 54.94 million tonnes.

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UKRAINIAN ENTERPRISES INCREASE IMPORT OF COPPER BY 24%

Ukrainian enterprises increased imports of copper and copper products in terms of money by 23.9% in January-October 2019 compared with similar period of 2018, to $102.527 million. Exports of copper and copper products decreased 45.4% over the year to $63.176 million, according to customs statistics released by the State Fiscal Service of Ukraine.
In October, copper and copper products were imported to the tune of $14.68 million, and copper exports were estimated at $5.102 million.
In addition, in January-October 2019, Ukraine decreased imports of nickel and products made of it by 16.4%, to $68.821 million (imports in October were estimated at $6.17 million), while imports of aluminum and products made of it increased 1.1%, to $334.166 million ($37.979 million). Imports of lead and products made of it decreased by 1.7%, to $12.682 million ($2.123 million) and imports of tin and products made of it decreased 13.6%, to $3.391 million ($0.545 million). Imports of zinc and zinc goods decreased 14%, to $62.036 million ($5.873 million).
Exports of aluminum and products made of it decreased 26.1% in January-October 2019, to $84.871 million ($7.876 million in October alone), while shipments of lead abroad decreased 24.3%, to $22.396 million ($3.227 million). Exports of nickel fell by 41.1%, to $4.115 million ($0.242 million in October).
Zinc exports in January-October 2019 amounted to $0.463 million ($0.001 million in October) compared to $0.274 in January-October 2018.
Exports of tin and products made of it in January-October 2019 were estimated at $0.034 million ($0.001 million in October) compared to $0.311 million in January-October 2018.

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