Agroindustrial holding “Kernel” has completed the harvesting campaign of early grains in 2022, having collected, according to the calculations of the Interfax-Ukraine agency, at least 364 thousand tons of winter wheat.
As reported on the holding’s Facebook page on Monday, the winter wheat crop was harvested from an area of more than 70,000 hectares with a yield of 5.2 tons/ha.
At the same time, it is specified that the harvesting of early grains and rapeseed was completed before the end of August, despite adverse weather conditions.
“The sowing and harvesting campaigns were complicated by the military situation and weather conditions. Due to precipitation, grain harvesting continued for almost 40 days. Prolonged rains in some regions led to a deterioration in the quality indicators of the grown grain,” explained Igor Chikin, director of the Agribusiness segment, quoted by the press agricultural holding service.
According to him, the agro-industrial group experienced major organizational difficulties in the spring during the Russian large-scale invasion, when the holding was unable to grow winter crops according to the required technology. However, subsequently Kernel managed to optimize the technology and costs, carry out top dressing and protection of crops, thanks to which it was possible to get a good harvest.
The agricultural holding specified that the yield of winter rapeseed in the current season reached 3.4 tons/ha, varying between 2.8-3.7 tons/ha.
Before the war, Kernel ranked first in the world in the production of sunflower oil (about 7% of world production) and its export (about 12%), and was also the largest producer and seller of bottled sunflower oil in Ukraine. In addition, the company was engaged in the cultivation of other agricultural products and their sale.
The largest co-owner of Kernel through Namsen Ltd. is Ukrainian businessman Andrey Verevsky with a share of 39.3%.
The agricultural holding in fiscal year 2021 (FY, July 2020 – June 2021), increased its net profit by 4.3 times compared to FY 2020 – up to $513 million, its EBITDA increased 2.1 times – up to $929 million, revenue – by 38%, to $5.65 billion.
The coke-chemical division of the Kametstal plant of the Metinvest mining and metallurgical group (former Dneprovsky Coke Plant, DKHZ, Kamenskoye, Dnepropetrovsk Region) reduced the production of metallurgical coke by 32.4% in January-July this year compared to with the same period last year – up to 227.3 thousand tons.
As a representative of the company told the Interfax-Ukraine agency, in July the enterprise produced 25.8 thousand tons of metallurgical coke.
At the same time, in January-July 2022, the output of 6% moisture gross coke amounted to 263.1 thousand tons, including 30 thousand tons in July.
The plant produced 336 thousand tons of coke in seven months-2021, including 48 thousand tons in July-2021.
During the specified period, the enterprise was supplied with 266.5 thousand tons of domestic coal, 36 thousand tons from Russia (before the war) and 54 thousand tons from the USA. In July, 37,000 tons of domestically produced coking coal were delivered.
As reported, in January-July this year, Ukrainian Coke Plants reduced the production of 6% moisture gross coke by 53.4% compared to the same period last year – to 2.682 million tons, in July 224.4 thousand tons were produced. Including for 7 months-2022, the production of metallurgical coke amounted to 2.3 million tons, in July – 191.8 thousand tons.
Ukraine in 2021 reduced the production of coke by 1.3% compared to 2020 – to 9.543 million tons.
Kametstal was created on the basis of PJSC “Dneprovsky Coke and Chemical Plant” (DKKHZ) and the CEC of PJSC “Dneprovsky Metallurgical Plant” (DMK).
According to the report of the parent company of the Metinvest group for 2020, Metinvest B.V. (Netherlands) owned 100% of the shares of DKHZ.
Stock indices of the largest Western European countries started the week with a negative mood amid a surge in natural gas prices after the shutdown of the Nord Stream 1 gas pipeline, MarketWatch writes.
The composite index of the largest enterprises in the Stoxx Europe 600 region decreased by 1.4% by 12:08 Moscow time and amounted to 410.07 points.
The German DAX indicator fell 2.7% from the market opening, the British FTSE 100 – 0.9%, the French CAC 40 – 2%. Italian FTSE MIB lost 2.4%, Spanish IBEX 35 lost 1.8%.
Among the leaders of the decline in quotations are shares of chemical companies and manufacturers of cars and spare parts for them, including the French Faurecia (-6.1%) and Valeo (-7.5%), as well as the German Faurecia (-4.7%).
The price of shares of the German electricity producer Uniper SE collapsed by more than 10%.
The Swiss UBS Group AG refused to buy the American Wealthfront for $1.4 billion. The companies said they made this decision together, but did not give reasons. UBS shares are down 1.7%.
ArcelorMittal SA, one of the world’s largest steel producers, announced its intention to close two plants in Germany due to a sharp increase in electricity prices, as well as to stop the operation of an enterprise in Spain. The cost of the company’s papers fell by 3.7% at auction in Amsterdam.
British developers Countryside Partnerships Plc and Vistry Group Plc have agreed to merge. Vistry will pay £0.6 and 0.255 new shares for the competitor. Based on closing quotes on Friday, the total payout will be £2.49. Overall, Vistry valued the competitor at around £1.25bn ($1.44bn).
Countryside’s shares jumped more than 6% in early trading, while Vistry’s shares fell 0.3%.
Business activity in the service sector in Germany fell in August for the second month in a row, according to the Purchasing Managers’ Index (PMI), calculated by S&P Global. The indicator fell to 47.7 points compared to 49.7 points a month earlier.
The value of the index below 50 points indicates a weakening of activity in the sector.
Consolidated PMI fell to 46.9 points from 48.1 points in July.
Meanwhile, in the Eurozone as a whole, PMI of the services sector decreased in August to 49.8 points against 51.2 points a month earlier. The index fell below the 50 mark for the first time since March 2021.
Consolidated PMI in the euro area fell to 48.9 points from 49.9 points in July.
Retail sales in the euro area in July increased by 0.3% compared to the previous month, the European Union’s statistics office said. Analysts were expecting a 0.4% rise on average, according to Trading Economics. According to the revised data, in June the indicator fell by 1%, and not by 1.2%, as previously announced.
National bank of Ukraine’s official rates as of 05/09/22
Source: National Bank of Ukraine
Central bank official rates of banking metals as of September 05
One troy ounce=31.10 grams
Four out of six employees of the International Atomic Energy Agency, who remained at the Zaporizhzhya nuclear power plant seized by Russian troops since September 1, have left it, Energoatom reported
“Today, four out of six representatives of the IAEA inspection team completed work at the Zaporozhye NPP and left its site,” the company said in a statement on Monday morning. According to him, two representatives will continue to work at the station on a permanent basis.
As reported, the head of the IAEA, Grossi, announced a permanent mission of the agency to the Zaporizhzhya NPP, consisting of two people from the beginning of this week.
