Business news from Ukraine

Business news from Ukraine

UKRAINE EXPORTS SUNFLOWER OIL WORTH $2.6 BLN IN JAN-JULY 2019

Ukraine exported 3.8 million tonnes of sunflower oil worth $2.6 billion, which is 16% higher than the same period in 2018, the Ministry of Agrarian Policy and Food said. Supplies of soybean oil increased by 81% over this period, to 238,000 tonnes, the ministry said in a press releaes.
“Now farmers haven’t started harvesting sunflower seeds and soybeans yet, but the forecasts are rather optimistic. A reduction in areas under these crops by 4.4% in the case of sunflower seeds and 8% in soybeans was balanced by favorable weather conditions,” the ministry said.
As reported, the U.S. Department of Agriculture (USDA) predicts growth in vegetable oil exports from Ukraine by 250,000 tonnes, to 6.3 million tonnes at the expense of sunflower oil in the 2019/20 marketing year (MY, September-August) whose share in total oil exports may reach 5.85 million tonnes (data for August 2019).

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PRESS CONFERENCE ‘CORRUPTION SCANDAL IN UMAN: WILL NETANYAHU’S VISIT HELP BRING TO REASON BRIBE TAKERS’ TO TAKE PLACE IN KYIV

On Friday, August 16, at 11.00 the press center of the Interfax-Ukraine news agency will host a press conference “Corruption Scandal in Uman: Will Netanyahu’s Visit Help Bring to Reason Bribe Takers” with the participation of the founder and head of the Orthodox Jewish Chamber of Commerce (New York) Duvi Honig (8/5a Reitarska Street). Registration of journalists requires press accreditation. Additional information by phone: +38 067 862 5997.

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STARTING FROM NEW 2019/2020 MARKETING YEAR UKRAINE EXPORTS 5.6 MLN TONNES OF GRAIN

Ukraine exported 5.602 million tonnes of grain and leguminous crops from July 1, 2019, when the new 2019/2020 marketing year started, to August 15, 2019. Some 1.65 million tonnes of maize, 2.53 million tonnes of wheat, 1.42 million tonnes of barley were exported over the period, the Ukrainian Ministry of Agrarian Policy and Food said. Over the same period of the pervious marketing year, Ukraine exported 3.961 million tonnes of grain and leguminous crops.
As of August 15, 2019, farmers shipped 34,100 tonnes of flour abroad.
As reported with reference to the Ministry of Agriculture, Ukraine exported a record 50.4 million tonnes of grain, legumes and flour during the 2018/2019 marketing year, which was 23% more than in the previous MY.
The U.S. Department of Agriculture (USDA) in August reviewed upwards its forecast for grain exports by 2.65 million tonnes compared with the July forecast, to 54.04 million tonnes.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF AUGUST 15

Official rates of banking metals from national bank as of Аugust 15

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NORSK SOLAR FROM NORWAY SIGNS CONTRACT WITH UKRAINIAN CONTRACTOR FOR BUILDING SOLAR POWER PLANT NEAR KYIV

Norway’s Norsk Solar has signed an agreement with the Voltage Group Ukrainian Company for designing and building of a 9 MW solar power plant near the town of Brovary in Kyiv region, the Nordic Environment Finance Corporation (NEFCO) reported on its website. According to the NEFCO, Voltage Group developed design documentation for construction of the solar plant on a total land area of 12.6 hectares.
The plant, which is located in the village of Semypolky, is to be commissioned at the end of 2019.
As reported, the NEFCO will lend EUR 4.35 million to Norway’s Norsk Solar for the construction of the plant, while Norsk Solar will issue another EUR 4.35 million.
The project owner and majority equity contributor, Norsk Solar AS, is part of the Norsk Vind group.
Norsk Solar is owned by Norwegian Lars Helge Helvig.
Ukrainian SPP will be the second such kind of a project for the company.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 15/08/19

National bank of Ukraine’s official rates as of 15/08/19

Source: National Bank of Ukraine