A representative office of the French Development Agency will open in Kyiv in July 2024, the French Embassy in Ukraine reported on Thursday.
“In addition to the two loans being implemented in support of Ukraine in 2022, we will now finance activities related to the sustainable development of Ukraine,” the statement said.
In January-May this year, Ukraine reduced pig iron exports in physical terms by 19.6% year-on-year to 507.106 thousand tons.
According to statistics released by the State Customs Service (SCS) on Thursday, pig iron exports in monetary terms decreased by 22.3% to $189.600 million during the period.
At the same time, exports were carried out mainly to the United States (78.55% of supplies in monetary terms), Italy (6.49%) and Poland (5.77%).
In the first five months of the year, the country imported 15 tons of pig iron worth $35 thousand from Germany (there were no imports in January, March and May), while in the same period in 2023 it imported 37 tons of pig iron worth $52 thousand.
As reported, in 2023, Ukraine reduced exports of processed pig iron in physical terms by 5.8% compared to 2022 – to 1 million 248.512 thousand tons, while exports in monetary terms decreased by 26.2% to $ 471.467 million. Deliveries were made mainly to Poland (51.91% of supplies in monetary terms), Spain (21.41%) and the United States (13.15%).
In 2023, Ukraine imported 154 tons of pig iron worth $156 thousand from Germany (42.31%), Brazil (41.67%) and Poland (16.03%), compared to 40 tons of pig iron worth $23 thousand in 2022.
In 2022, Ukraine reduced exports of processed pig iron by 59% in physical terms compared to the previous year to 1 million 325.275 thousand tons, and by 61.1% in monetary terms to $638.774 million.
In 2022, Ukraine imported 40 tons of pig iron worth $23 thousand, while in 2021 it imported 185 tons of pig iron worth $226 thousand. Exports were mainly to the United States (38.47% of supplies in monetary terms), Poland (32.91%) and Turkey (8.12%), while imports were made from Germany (100%).
How many Ukrainians have not returned home since the beginning of the year
The State Border Guard Service recorded more than 7.8 million border crossings by Ukrainians in the first 4 months of 2024. This is significantly less than in the same period last year. About 69 thousand people left and did not return.
Ukrainians crossed the border 7.8 million times in the first months of this year. Overall, citizens began to travel abroad 10% less often.
Almost 69 thousand citizens – 1.5% of the total number of people who left the country – have not returned to the country since the beginning of the year. In April, for the first time since the beginning of the year, more citizens returned home than left – by 56 thousand. Overall, this year the number of those who have not returned has slightly increased compared to last year – 62 thousand Ukrainians did not return.
For comparison, 14.1 million Ukrainians left Ukraine last year. Of these, only 142 thousand remained abroad. This is 15 times less than in the first year of the full-scale war.
It is worth noting that the difference between those who left and entered Ukraine does not give an accurate understanding of the number of people who emigrated.
https://opendatabot.ua/analytics/emigration-trend-2024-4
On June 12, Kyiv hosted the business forum “Grain. Pigs. Meat – 2024”, which brought together representatives of agribusiness, processing, supply, finance and investment, government agencies, experts and bloggers. We are grateful to the Armed Forces of Ukraine for this opportunity!
We are grateful to the guests, participants, partners and sponsors of the Forum from Kyiv, Chernihiv, Odesa, Mykolaiv, Lviv, Kharkiv and other cities and towns of Ukraine who attended the business forum “Grain. Pigs. Meat – 2024” and joined the discussion of crucial issues that help businesses move from confrontation to cooperation, provide new opportunities for scaling and development of entire sectors of the Ukrainian economy!
The Forum highlighted the issues that hinder the development of the Grain – Pigs – Meat value chain, held active discussions, proposed solutions and provided effective tools.
Forum participants learned about:
– The importance of developing industries that create added value in Ukraine’s economy in times of war, with raw material exports blocked, expensive logistics, and a cheap price for the raw material itself and its minimal added value
– The possibility of replacing grain exports with exports of meat and meat products, which are high value-added goods.
– The state and prospects of the pig and meat industry in Ukraine during and after the war.
– The next stages of implementation of the New Pig Breeding of Ukraine program, which envisages a fourfold increase in the number of pigs, from 6 to 12 billion euros of added value.
– Possibility of eradicating ASF in Ukraine through vaccine prevention, lifting the stamping out in industrial pig production and unblocking pork exports.
– Establishment of an international consortium to support ASF control measures in Ukraine and Europe.
– Adaptation of pig production in Ukraine to a possible decline in pig prices due to overproduction in the absence of pork exports.
– Investment opportunities for the meat industry, pig production and farmers.
– Newest and digital technologies for pig production and meat processing.
– The Family Pig Farms social project, which will help war veterans start a successful pig farming business.
– Opportunities to obtain additional funding, grants, and investment.
– Training of highly qualified personnel for meat industry enterprises.
– Implementation of a mechanism for cooperation between producers and processors to protect profitability throughout the chain.
We call for cooperation for the development of Ukraine and believe in Ukrainians who, even in the most difficult times, do their best to rebuild our country. Only together we can make the Ukrainian agro-industrial complex stronger, more sustainable and competitive in the global market!
Benchmark crude oil prices are declining on Friday after a weak rise the day before.
However, over the course of this week, they have gained more than 3% amid forecasts of stable global demand for fuel, Trading Economics writes.
Quotes for August futures for Brent on the London ICE Futures exchange at 7:52 a.m. decreased by $0.39 (0.5%) to $82.36 per barrel. On Thursday, these contracts rose by $0.15 (0.2%) to $82.75 per barrel.
The price of July futures for WTI on the New York Mercantile Exchange (NYMEX) fell by $0.45 (0.6%) to $78.17 per barrel in the morning. As a result of the previous trading, the value of these contracts increased by $0.12 (0.2%) to $78.62 per barrel.
Earlier this week, the US Department of Energy raised its forecast for global oil demand in 2024 by 140 thousand bpd to 102.98 million bpd. Thus, the agency expects that this year’s demand growth will be almost 1.1 million bpd, while a month earlier it was expected to be 920 thousand bpd.
OPEC still expects global oil demand to increase by 2.25 million barrels per day in 2024, and by 1.85 million bpd next year, according to the cartel’s June report.
Standard Chartered experts believe that global oil demand will increase by 1.68 million barrels per day this year and by 1.41 million bpd next year.
In January-May this year, Ukrainian enterprises increased exports of ferrous scrap by 32.2% year-on-year to 102,366 thousand tons from 77,452 thousand tons.
According to statistics released by the State Customs Service on Thursday, 14.952 thousand tons were exported in May, 26.153 thousand tons in April, 20.907 thousand tons in March, 23.194 thousand tons in February and 17.160 thousand tons in January.
In monetary terms, scrap metal exports increased by 42.7% to $32.872 million from $23.028 million.
In January-May, scrap metal was exported to Poland (85.33%), Greece (10.61%) and Germany (3.92%).
In the first five months of the year, the country imported 424 tons of scrap metal worth $217 thousand. Imports were carried out from Slovakia (48.61% in monetary terms), Turkey (32.87%) and Poland (9.26%), while in January-May 2023, 344 tons of scrap were imported for $138 thousand.
As reported, in 2023, the scrap collecting enterprise of Ukraine increased the export of scrap metal from the country by 3.4 times compared to the previous year – up to 182,485 thousand tons from 53,557 thousand tons. In monetary terms, exports increased 2.74 times to $52.723 million from $19.271 million.
Earlier, Ukrmetallurgprom President Oleksandr Kalenkov stated in a column on the Interfax-Ukraine website that scrap metal is exported through the European Union, which has a preferential export duty of EUR3 per ton, and from there the raw materials are redirected to real customers. He noted that exporting raw materials directly to customers would cost EUR180 in export duties, and the Ukrainian budget has already lost UAH 350 million.
The head of Ukrmetallurgprom called for a temporary ban on the export of ferrous scrap to provide steelmakers with strategically important raw materials in the face of the ongoing war. He also clarified that a ton of scrap metal processed into steel brings in 10 times more to the budget than the EU export duty, which is about $300 per ton.
In 2022, Ukraine reduced exports of ferrous scrap by 11.5 times compared to the previous year, to 53,557 thousand tons, and in monetary terms, it decreased by 12.4 times, to $19.271 million.
