The U.S. Department of Agriculture (USDA) has raised its forecast for wheat exports from Ukraine in the 2024/2025 marketing year (MY, July 2024/June 2025) by another 1 million tons to 16.0 million tons.
As stated in the October USDA report on Friday evening, such revision was made due to an increase in the crop estimate from 22.3 million tons to 22.9 million tons, as well as a decrease in the estimate of domestic consumption from 7.0 million tons to 6.7 million tons and transitional residues from 1.09 million tons to 0.99 million tons.
The U.S. agency recalls that last MY the wheat harvest in Ukraine amounted to 23.0 million tons, exports – 18.58 million tons, while corn – 32.5 million tons and 29.6 million tons, respectively.
USDA forecasts world wheat production in the 2024/2025 season at 794.08 (-2.8 million tons to September forecast) and world exports at 215.82 million tons (-0.69 million tons).
The estimate of both world corn production to 1 billion 217.19 (-1.38 million tons to the September forecast) and world exports to 190.50 million tons (-0.87 million tons) has also been downgraded.
Ukraine defeated Georgia 1-0 and secured their first win in the Nations League soccer draw, Suspilnoe Sport reported on Friday night.
Despite the first victory, Ukraine continues to go in last place in the Nations League group, behind Albania in head-to-head meetings: 1. Georgia – 6 points (3 matches), 5:2 (goal difference); 2. Czech Republic – 6 points (3), 6:6; 3. Albania – 3 (3), 2:4; 4. Ukraine – 3 (3), 4:5.
It is reported that the next match Ukraine will play against the Czech Republic on Monday, October 14.
The USAID Economic Support for Ukraine Project (USAID Project) has announced the launch of a grant program to compensate at least 20 Ukrainian agricultural logistics companies for 30% of the cost of grain handling equipment from Kobzarenko Plant LLC, the project’s press service reports on Facebook.
According to the report, the USAID support program for Ukrainian agricultural companies provides that the company buys equipment from the manufacturer for 70% of its cost, and 30% is compensated by the USAID Project. Such business support is expected to increase grain export and transshipment capacity by 2.5 million tons per year.
Micro, small and medium-sized enterprises with annual revenues not exceeding the equivalent of EUR40 million can purchase the equipment at a 30% discount.
This program is not available to agricultural holdings and companies that have already received assistance from USAID or will receive it in the near future, the donor organization added.
As part of the support program, companies can purchase equipment that will help improve the efficiency of grain handling processes at all key nodes of the export route, namely: mobile wagon unloader RVM-180, ground reloading bunker BNP-12 “Ark”, belt loader SN-25 in electric version.
The USAID project has expressed its readiness to compensate 30% of the cost of 51 units of equipment from Kobzarenko Plant.
Population forecast for Ukraine in 2030-2100
Open4Business.com.ua
Ukrainian exports in January-September 2024 increased by 13.3% compared to the same period in 2023 to $30.7 billion, while imports increased by 9.9% to $51.2 billion, the State Customs Service reported.
“At the same time, taxable imports amounted to $42.5 billion, which is 83% of the total volume of imported goods. The tax burden per 1 kg of imports in January-September 2024 amounted to $0.5/kg, which is 8% more than in the same period in 2023,” the statistics are available on the website of the State Customs Service.
According to the published data, most of the goods were exported to Poland – for $3.6 billion, Spain – for $2.1 billion, and Germany – for $2.1 billion.
Goods were most often imported to Ukraine from China – for $10.3 billion, Poland – for $5 billion, and Germany – for $3.9 billion.
In January-September 2024, 65% of the total volume of goods imported were machinery, equipment and transport – worth $17.7 billion (UAH 125.7 billion, or 30% of customs revenues, was paid to the budget), chemical products – $8.8 billion (UAH 65.2 billion, or 15% of revenues), and fuel and energy products – $6.8 billion (UAH 111.7 billion, or 26% of customs revenues).
The top three most frequently exported goods from Ukraine are food products worth $17.9 billion, metals and metal products worth $3.4 billion, and machinery, equipment, and transport worth $2.5 billion.
As summarized by the State Customs Service, in the first nine months of 2024, UAH 217.9 million was paid to the budget during customs clearance of exports of goods subject to export duties.
“In January-September 2024, DTEK Energy invested over UAH 2.3 billion of its own funds in the repair and restoration of thermal power plants (TPPs).
According to the company’s press service, its goal is to restore as much capacity as possible that was damaged or destroyed as a result of numerous enemy attacks on the energy sector to ensure a more reliable heating season.
As reported earlier, DTEK Energy plans to invest about UAH 3.9 billion in the repair and restoration of TPPs in 2024, which is in line with last year’s investments.
Since the beginning of the full-scale Russian invasion, DTEK Energy’s TPPs have been attacked by the enemy more than 190 times. As a result of the attacks, 56 power engineers were injured and three were killed.
In March and June this year alone, the enemy carried out seven massive attacks on the company’s TPPs. The shelling destroyed or damaged about 90% of DTEK’s thermal generation capacity.
