As of August 22, farmers in all regions of Ukraine have already harvested 31.955 million tons of new crops from 6.759 million hectares, the Ministry of Agrarian Policy and Food reported on Friday.
According to the report, more than 28.595 mln tons of grains and 3.36 mln tons of oilseeds have been harvested.
APK-Inform analysts pointed out that only about 46 thou hectares were threshed during the week. The temporary slowdown of the harvesting campaign dynamics can be explained by the fact that the harvesting of two key grain crops (wheat and barley) is almost completed, while the corn threshing has not yet started, the experts noted.
It was specified that 21.74 million tons of wheat were harvested from 4.86 million hectares at a yield of 44.7 c/ha, 5.5 million tons of barley from 1.4 million hectares at a yield of 39.2 c/ha, and 458.5 thousand tons of peas. tons from 207.6 thousand hectares at a yield of 22.1 c/ha, buckwheat – 4.3 thousand tons from 6.2 thousand hectares at a yield of 14.4 c/ha, millet – 11.91 thousand tons from 20.4 hectares at a yield of 17.9 c/ha. Other grains and legumes were harvested in the amount of 882.8 thou tons from 277.3 thou hectares at a yield of 32.4 c/ha.
Ukraine continues to harvest oilseeds. In particular, 3.4 mln tons of rapeseed have been harvested from 1.23 mln hectares with a yield of 27.4 c/ha and 7.2 thou tons of soybeans from 6.6 thou hectares with a yield of 10.9 c/ha. Sunflower was harvested in the amount of 51.7 thou tons from 0.2 thou hectares with a yield of 11.1 c/ha.
Agrarians in a number of regions started digging sugar beets. They harvested 7.2 thou tons of sugar beet from 0.2 thou hectares with a yield of 360 c/ha.
Indian Prime Minister Narendra Modi arrived in Kyiv on the morning of Friday, August 23, the press service of Ukrzaliznytsia reports.
“For the first time in the history of bilateral relations between our countries, the Prime Minister of India personally visited Ukraine. Before his visit to Kyiv on a Ukrzaliznytsia train, Narendra Modi called India a “friend and partner” of Ukraine and expressed hope for a “speedy restoration of peace” and deepening of “Indian-Ukrainian friendship,” the press service said in a Facebook post.
Modi was met by First Deputy Foreign Minister of Ukraine Andriy Sybiga and Director of the State Protocol Department Olena Yalova.
According to The Times of India, during the visit, Modi will share with Ukrainian President Volodymyr Zelenskyy the prospects for a peaceful resolution of the current conflict.
The publication also published footage of Modi’s motorcade in the center of Kyiv.
Ukrainian media published a video of Modi’s meeting with the Indian diaspora in a central Kyiv hotel.
This is the first visit of the Indian Prime Minister to Ukraine since the country gained independence in 1991.
The shareholders of Ovostar agricultural holding have approved the proposal of the Board of Directors to abandon the payment of dividends based on the results of 2023 and allocate the entire net profit of $44.975 million to the retained earnings reserve.
According to the company’s announcement on the Warsaw Stock Exchange, the decision was made at the annual shareholders’ meeting on Wednesday, with 95.05% of the shareholders participating.
The general meeting decided to approve and accept the financial statements and the independent auditors’ report thereon.
In addition, it approved the reappointment of Markiyan Markevych as a non-executive director of the company.
The total remuneration paid to the directors of the agricultural holding during the year ending December 31, 2024, was set by the shareholders at an amount not exceeding EUR 500 thousand.
All directors of Ovostar from all management actions and any liability in relation thereto during the financial year ended December 31, 2023.
The shareholders also authorized the Board of Directors of Ovostar to hold a tender for the selection and appointment of the independent auditors of the agricultural holding for the financial year 2024 and to determine their remuneration.
Ovostar Union is one of the leading producers of eggs and egg products in Ukraine. “In 2023, Ovostar increased its net profit by 7.4 times to $45 million, EBITDA by 4.5 times to $50.4 million, and revenue by 20% to $162.5 million.
In mid-June 2011, the group’s holding company, Ovostar Union N.V., conducted an IPO of 25% of its shares on the WSE at PLN62 per share ($22.78 at the then exchange rate) and raised $33.2 million.
At the end of May this year, the owners of 65.93% of the shares announced that together with Fairfax Financial Holding they had accumulated 95.45% of the agricultural holding and were ready to buy out the remaining 4.55% of the shares held by minority shareholders. During the announced voluntary buyout at a price of PLN70 per share (about $17.5), they acquired another 56,027 shares, or 0.934%, and now own 96.383%.
“The offerors intend to exercise the squeeze-out right … in order to acquire 100% of the company’s shares at a price of PLN70 per share,” Ovostar said in early July, recalling its delisting plans.
Before the trading was suspended, Ovostar shares were listed at PLN68.4 per share, and after the announcement of the Cypriot regulator’s approval of the squeeze-out in early August, the price dropped by 1.44%.
Forecast of power system capacity deficit, %
Source: Open4Business.com.ua
On Thursday, the Verkhovna Rada completed the internal procedures necessary for the entry into force of the Agreement on Political Cooperation, Free Trade and Strategic Partnership between Ukraine and the United Kingdom in terms of trade liberalization: by 2029, all import duties and tariff quotas in bilateral trade are to be abolished, the Ministry of Economy reported.
It is specified that the agreement will be in effect until March 31, 2029, with the exception of two commodity items – eggs and poultry products, the liberalization of trade with which will be extended for two years – until April 1, 2026.
“Ukraine will also have the opportunity to plan export logistics more flexibly and increase exports of high value-added goods in the future,” the Ministry of Economy believes.
The ministry predicts a revival of trade between Ukraine and the UK and an increase in exports of domestic products traditionally supplied to the British market by domestic producers. In particular, these include flour, grain, dairy products, poultry and semi-finished products, tomato paste, honey, corn, wheat, juices, sugar, etc.
The Ministry of Economy reminded that Agreement No. 3 in the form of an exchange of letters amending the Agreement on Political Cooperation, Free Trade and Strategic Partnership between Ukraine and the United Kingdom of Great Britain and Northern Ireland in terms of commitments to trade liberalization was ratified by the Rada on February 8 this year.
PJSC Ukrnafta will offer a 3.3 UAH/litre discount on gasoline and diesel and a 0.5 UAH/litre discount on autogas on the 33rd anniversary of Ukraine’s Independence, the company announced on Facebook.
The promotion will run from August 23-25, 2024. It is open to Ukrainian citizens registered in the UKRNAFTA mobile application.
The offer does not apply to purchases of petroleum products in the app’s fuel wallet and when paying with NaftaPAY at the pump.
“Ukrnafta is the largest oil company in Ukraine and the operator of the national network of filling stations. In March 2024, the company took over the management of Glusco assets and operates 545 filling stations – 460 owned and 85 managed.
The company is implementing a comprehensive program to restore operations and update the format of its filling stations. Since February 2023, Ukrnafta has been issuing its own fuel coupons and NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share. In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state a share of corporate rights of the company, which belonged to private owners and is currently managed by the Ministry of Defense.
