Business news from Ukraine

Business news from Ukraine

UKRAINE EXPORTS 45.4 MLN TONNES OF GRAIN SINCE START OF 2018/2019 MY

Ukraine since the beginning of the 2018/2019 marketing year (MY, July-June) and as of May 22, 2019 had exported 45.4 million tonnes of grain and leguminous plants, which is 26% more than on the same date of the previous MY.
According to the Ministry of Agrarian Policy and Food, farmers exported 26.4 million tonnes of corn, 14.8 million tonnes of wheat, and 3.5 million tonnes of barley.
On the specified date, some 262,000 tonnes of flour had been also exported.
As reported, with reference to the ministry, Ukraine exported 39.4 million tonnes of grain in the 2017/2018 MY.
According to the ministry, grain exports in the 2018/2019 MY are projected to be 49 million tonnes.

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CFG/MRIYA WANTS TO EXPAND AREAS WITH POTATOES TO 3,000 HA

The CFG/Mriya combined company has completed planting potatoes on an area of 2,000 ha in Ternopil and Lviv regions, plans to expand the areas with potatoes by 300-500 ha every year next two seasons.
According to a company report, CFG/Mriya also plans to buy equipment for modernization of potato storage facilities this year.
“Before the consolidation of CFG and MRIYA both companies successfully cultivated potatoes for a long time… both for food and for seed varieties. Therefore, for the combined CFG/MRIYA Company the growing of potato remains a strategic direction,” the company said.
CFG/Mriya has potato storage facilities with a capacity of above 87,000 tonnes, and a starch factory.
As reported, SALIC UK Ltd, the common investor in the merged business CFG/Mriya, plans to send over $50 million for boosting technical fleet in 2019.

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SALES OF TELECOM SERVICES IN UKRAINE 2% DOWN IN Q1 2019

The volume of sales of services by telecommunications and postal communications enterprises in Ukraine in January-March 2019 amounted to UAH 16.99 billion, which in absolute prices is lower than the prices in Q1 2018 by 1.93%, according to the State Statistics Service of Ukraine.
According to its data, the volume of international services amounted to UAH 1.79 billion, which was 10.94%% up from Q1 2018.
At the same time, in absolute prices the volume of sales of services by telecommunications and postal communications enterprises grew by 11.2% in Q1 2019, to UAH 1.526 billion, including a rise of 7.84% in international services.
The volume of sales of mobile communications services in Q1 2019 fell by 5.85%, to UAH 8.633 billion, of which international services amounted to UAH 928 million (19.4% up from Q1 2018).
The volume of sales of Internet services in Q1 2019 rose by 19.19% and amounted to UAH 3.535 billion, including international services grew by 5.27% compared with Q1 2018.

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UKRAINE SOWS 90% OF PROJECTED AREA WITH SUGAR BEETS

Ukrainian farmers as of May 20, 2019 sowed sugar beets on 220,000 ha, which is 90% of the forecast, the Agricultural Policy and Food Ministry has reported.
According to a report on the ministry’s website, farmers carried out spring field work with grain and leguminous crops on an area of 6.6 million hectares or 91% of the forecast.
In particular, 2.1 million hectares were sown with early spring grain crops; 4.3 million hectares with corn for grain, or 92% of the forecast; 23,000 hectares with buckwheat, or 24%; 37,000 hectares with millet, or 64%.
According to the data of the Agricultural Policy and Food Ministry, the sowing of industrial crops continues: sunflower is planted on an area of 5.1 million hectares, or 90%, soybeans – on 1.2 million hectares, or 65%.