Business news from Ukraine

Business news from Ukraine

UKRAINE AGREED TO EXPORT 2 TONS OF PRECIOUS METAL SCRAP IN 2022

Ukraine has introduced a quota for the export of precious metal scrap and waste for 2022 in the amount of 2 tonnes (in terms of the mass of pure precious metal).
The corresponding resolution was adopted by the Cabinet of Ministers at a meeting on Wednesday.
As reported, since 2013, Ukraine has banned (introduced zero quotas) on the export of gold and silver in raw or semi-processed form or in powder form. In addition, a zero quota was set for the export of precious metal scrap and waste. For 2022, the ban on the export of gold and silver (except for bank metals) in the form of a zero quota has been retained.
At the same time, in 2012, the export quota for unprocessed silver was 1,000 kg, gold – 80 kg, waste and scrap of precious metals – 500 kg.

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UKRAINE BOOSTS EARNINGS OF IRON ORE EXPORT BY 80%

Ukrainian mining enterprises in January-November this year reduced export of iron ore raw materials (iron ore) in quantity terms by 2.8% compared to the same period last year, to 40.667 million tonnes.
According to the updated statistics released by the State Customs Service, during the specified period, foreign exchange earnings from iron ore exports increased by 78.7%, to $6.63 billion.
Iron ore was exported mainly to China (42.6% of supplies in monetary terms), the Czech Republic (9.61%) and Poland (7.82%).
In January-November 2021, iron ore was imported to Ukraine for $183,000 in a total volume of 1,202 tonnes, while in January-November 2020, some 104 tonnes of iron ore were imported for $58,000.
In January-November 2021, iron ore was imported mainly from Egypt (56.28%), the Netherlands (21.31%) and Poland (7.1%).

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UKRAINES EXPORT OF SCRAP METAL RAISES UP IN MONEY VALUES BY 25 TIMES IN JAN-NOV

Ukrainian enterprises in January-November of this year increased the export of ferrous scrap, according to operational data, by 24.8 times compared to the same period last year, to $211.92 million from $8.55 million.
According to preliminary summarized statistics released by the State Customs Service on Thursday, in money values, the export of scrap metal in November 2021 amounted to $16.17 million, while in November 2020 it was $352,340.
At the same time, in January-November of this year, the country increased the import of scrap metal in money values by 88%, to $40.91 million; in November, scrap was imported for $3.47 million.

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UKRAINE INCREASE SEED EXPORTS TO EU IN JAN-NOV

Ukraine exported 1,640 tonnes of seeds to the countries of the European Union in January-October 2021, which is twice the figures for the entire 2020 (820 tonnes) and 5 times more than in 2019 (320 tonnes), according a Thursday posting on the website of the State Service for Food Safety and Consumer Protection.
“Opening the European market for us is a 10-year way. Negotiations on the recognition of domestic seeds as compliant with EU requirements began in 2011 and lasted a very long time. Now, we have every opportunity to benefit from the many years of work of negotiators – dozens of people from business and government,” the authority quoted its head Vladyslava Mahaletska speaking at the online conference Seed Forum 2021.
According to the authority, in January-October 2021, 1,210 tonnes of corn seeds, 330 tonnes of wheat seeds, and 50 tonnes of sunflower seeds and all other crops in total were exported to the EU.
To open the export of seeds from Ukraine and to comply with the phytosanitary requirements of the EU, in 2021 17 areas in Ukraine on a total of 673 hectares were assigned the status of pest-free, to be able to grow seed on them.

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UKRAINE TO EXPORT OVER 60 MLN TONNES OF GRAIN

Ukraine in the 2021/2022 marketing year (July-June) intends to export more than 60 million tonnes of grain crops, while ensuring the throughput capacity of seaports will become an important challenge in the issue of its logistics, the Ministry of Economy said on its website, citing deputy Minister of Economy, Trade Representative of Ukraine Taras Kachka on Friday.“Even ten years ago, the issue of the throughput capacity of Ukrainian seaports caused lively discussions, but over the past five years their capacity has increased – from 49.3 million tonnes in 2016 to 81.5 million tonnes in 2021. The sea transportation sector operates without delays, while we are observing the volatility of prices for rail transportation,” the Deputy Minister said at the Global Grain Conference 2021 in Switzerland.According to him, the strategy of the Ukrainian government is aimed at developing infrastructure in the logistics industry in order to attract investors to it.Kachka specified that Ukraine is implementing a number of measures within the framework of the Agreement with the World Trade Organization on trade facilitation, such as the introduction of a Single Window mechanism for international trade, the institution of an authorized economic operator, and a joint transit regime. This will allow Ukraine to enter the list of countries with the safest and most comfortable conditions for doing business.The Trade Representative of Ukraine recalled that growth of global demand for freight transportation amid the weakening of quarantine restrictions raised rates on them to multi-year highs and increased industry revenues, which allows investing in the latest technologies, digitalization, automation, etc.As reported, the Ukrainian Grain Association (UGA) in November estimated export of grains, legumes and oilseeds from Ukraine in 2021/2022 MY at 68 million tonnes with a harvest of 105 million tonnes, which exceeds the forecast made by the organization in July respectively, by 6 million tonnes (9.7%) and 5 million (5%) tonnes.

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