Business news from Ukraine

Ukraine exports more than 7 million tons of agricultural products in November

Ukraine exported 7.2 million tons of agricultural products in November 2022, a 4% increase over the previous month, the Ukrainian Agribusiness Club (UCAB) said on its Facebook page on Monday.
According to the Association, it is a very good indicator, taking into account the difficulties with the operation of the grain corridor in November. During the month, it was possible to export 2.6 million tons of agricultural products, compared to 4.2 million tons in October, while the remaining volumes were exported by alternative routes.
UCAB noted that 4.7 million tons of crops were exported in November, which is 4% more than in October. By crops, 2.54 million tons of corn (54% of the total), 1.79 million tons of wheat (38%) and 376 thousand tons of barley (8%) were exported to foreign markets.
Ukraine also exported 1.3 million tons of oilseeds during this period, which is 10% more than in October. Ukraine exported 520 thousand tons of rapeseed (40%), 390 thousand tons of sunflower seed (30%) and 377 thousand tons of soybeans (29%).
UCAB also reported that exports of vegetable oils in November increased by 3% against the previous month – up to 515.8 thousand tons, 94% of which was sunflower oil (484 thousand tons) and 6% soybean oil (31 thousand tons). In turn, the export of sunflower and soybean cake and meal decreased by 21% to 342 thousand tons, including 88% of sunflower waste (300.1 thousand tons) and 12% of soybean oil (41 thousand tons).
“Problems in the operation of the “grain” corridor, caused by significant delays in inspections by the Russian side and the formation of queues of ships, force to focus again on the development of alternative routes, although this process has not stopped. However, we should take into account that the cost of logistics by alternative routes are many times higher than the cost of shipping from the ports of Odessa region, and just the sea route is the most cost-effective and efficient today,” – summarized UCAB in the message.
As previously reported by the Association, in October and September, Ukraine exported 6.9 million tons of agricultural products, in August – 4.6 million tons, in July – 3.0 million tons, in June – 2.7 million tons. According to the Ministry of Agrarian Policy of Ukraine, in May agricultural exports amounted to 1.74 million tons, in April – 0.96 million tons and in March – 0.33 million tons.
Prior to the full-scale military invasion by the Russian Federation, Ukraine used to export an average of 5-6 million tons of agricultural products per month, mainly through its maritime infrastructure in the Black Sea.

,

Dynamics of prices for main agricultural products in structure of Ukraine’s export in 2020-2022

Dynamics of prices for main agricultural products in structure of Ukraine’s export in 2020-2022

NBU

,

Qatar to allocate $20 million to buy agricultural products for African countries in framework of Grain from Ukraine initiative

The State of Qatar will allocate $20 million to buy agricultural products for African countries in the framework of the Grain from Ukraine initiative, announced by President Vladimir Zelensky at the G20 Summit last week, to help feed people around the world.
Sheikh Mohamed Al Thani, deputy prime minister and foreign minister of the State of Qatar, said this during a speech at the international summit on food security on Saturday.
“Qatar welcomes special programs and projects that promote food security and increase the sustainability of countries. We welcome the Grain from Ukraine initiative as it aims to help African countries get Ukrainian food exports. Qatar will allocate $20 million to support this initiative”, – emphasized the representative of Qatar.
He also reminded that the Qatar Foundation for Development will provide $12 million to the Horn of Africa to ensure food safety, and has already provided the UN World Food Program (WFP) with $90 million to feed famished people in Yemen.
In addition, Qatar has already allocated $5 million to the Ukrainian Ministry of Health for the purchase of ambulances and other medical equipment.
“Qatar remains a reliable international partner, and we support collective initiatives, international activities aimed at ensuring our country works effectively together with international partners to confront challenges that threaten specific communities and also pose a collective threat to humanity,” Sheikh concluded.
As reported, the humanitarian program Grain from Ukraine, announced by Ukrainian President Volodymyr Zelensky at a speech before the G-20, which will be implemented in partnership with the UN WFP, provides grain for at least 5 million people until the end of spring 2023.
Ukraine has decided to send part of its grain reserves under the program to those African countries where there are already problems of hunger. Part of the grain ready for export can be bought by the project participants, thus the international partners can simultaneously support the Ukrainian economy in a difficult situation and help poor countries in Africa.
The U.S. has already earmarked $20 million for the project implementation, while Germany and Japan are to contribute EUR 15 million, Belgium EUR 10 million, France EUR 6 million and Canada USD 30 million (about $22.4 million).

, ,

Two more vessels with agricultural products left Chernomorsk

As part of the “grain initiative” on Saturday, November 12, two more vessels with 27 thousand tons of agro-products, which will be sent to Asian countries, left the port “Chernomorsk”, the press service of the Ministry of Infrastructure reported.
“On November 12, as part of the implementation of the “Grain Initiative”, 2 ships of 27 thousand tons of agricultural products, which will be sent to Asian countries, left the port “Chernomorsk”,” – said in the message.
Two more bulk carriers chartered by the World Food Programme of the United Nations have called at the ports of Velyka Odessa for loading with wheat for the people of Ethiopia, Yemen and Afghanistan.
Thus, in “Odessa” port 40 thousand tons of Ukrainian wheat for Ethiopia will be loaded on bulk carrier BOZBURUN M., and in “Chernomorsk” port the same amount of cargo will go to Yemen and Afghanistan by bulk carrier GOKOVA M.
“Now in the ports of Big Odessa 33 vessels are under processing. They are loaded with 920 thousand tons of Ukrainian agricultural products”, – says the report.
A total of 444 vessels have left the ports of Big Odessa since August 1, which exported 10.3 million tons of Ukrainian food to Africa, Asia and Europe.

,

Over 9 million tons of agricultural products were exported within framework of Istanbul Grain Agreement

Ukrainian ports on Thursday left nine ships with food, having received permission from the Joint Coordination Center (JCC).
“As of October 27, the total tonnage of grain and other agricultural products exported from three Ukrainian ports is 9,016,389 tons.
A total of 794 ships were allowed to move at the moment – 395 for arrival at Ukrainian ports and 399 for departure from them,” the SCC said in a statement. It is noted that nine dry cargo ships with more than 117,000 tons left the ports of Ukraine on Thursday grain and other agricultural products. Four dry cargo vehicles – Princess Manissa (21 thousand tons of corn), A Line (10,903 tons of wheat), Sevil (5 thousand tons of soybeans) and Nesa (2.3 thousand tons of peas) – sailed to Turkey.
The ship Inoi (31,000 tons of various grain crops) is heading to Spain, the ship Adil Ibrahimli (6,630 tons of sunflower oil) is heading to Italy. In addition, the ship Stella GS will deliver 30,698 tons of corn to Tunisia, the ship Oris Jul – 5,750 tons of sunflower oil to Israel. Dry cargo Ahmet Agaoglu transports 4060 tons of wheat to Greece.
“The grain that has arrived at the destination can be processed and then be shipped to other countries,” the SCC explained. In Istanbul on July 22, with the participation of the UN, Russia, Turkey and Ukraine, a document was signed on the creation of a corridor for the export of grain from three Ukrainian ports: “Black Sea”, “Odesa” and “Pivdenny”.

, , ,

Another 6 dry cargo ships will deliver 223 thousand tons of Ukrainian agricultural products to China, Israel, Egypt, Belgium and Italy

Six vessels with 223.4 thousand tons of food left Ukrainian ports on Friday, having received permission from the Joint Coordination Center (JCC).
“On October 28, six ships left Ukrainian ports, they are transporting a total of 223,430 tons of grain and other agricultural products as part of the Black Sea Grain Initiative,” the SKC said in a statement.
The ship Kavo Perdika will deliver 54,160 tons of corn to Israel, the ship Zante – 47,270 tons of rapeseed to Belgium. Dry cargo ship Asl Tia transports 39 thousand tons of sunflower meal to China, dry cargo ship Super Bayern transports 33 thousand tons of corn to Italy.
In addition, two ships Rising Eagle (25 thousand tons of wheat) and Lina (25 thousand tons of corn) are sent to Egypt.
“Grain that has arrived at its destination can be processed and then transported to other countries,” the SKC explained.
It is noted that as of October 27, the total tonnage of grain and other agricultural products exported from three Ukrainian ports is 9,239,819 tons.
“At the moment, 101 vessels have been registered for verification by the SKC, another 76 have applied to join the initiative,” the message says.
As reported, in Istanbul on July 22, with the participation of the UN, Ukraine, Turkey and Russia, two documents were signed on the creation, first, for a period of 120 days, of a corridor for the export of grain from three Ukrainian ports: Chernomorskaya, Odessa and Yuzhny. Ukraine set as its goal to export 3 million tons of agricultural products per month as part of the initiative.

, , , , , ,