Business news from Ukraine

Business news from Ukraine

U.S. DEPARTMENT OF AGRICULTURE INCREASES ESTIMATE OF WHEAT EXPORTS BY UKRAINE

The U.S. Department of Agriculture (USDA) in the November report increased the forecast for the export of Ukrainian wheat in 2021/22 (July-June) by 0.5 million tonnes compared to the previous month – from 23.5 million tonnes to 24 million tonnes, while maintaining the estimate of its harvest at the level of data for October – 33 million tonnes.The projected world export of wheat will be a record 203.2 million tonnes (3.5 million tonnes more than the USDA data in October), mainly due to the growth of its exports from the EU, India, Russia and Ukraine.In the November report, the U.S. Department of Agriculture also kept the forecast for the corn harvest in 2021/22 at 38 million tonnes for Ukraine, its exports at 31.5 million tonnes.

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JORDAN AND UKRAINE AGREE ON CERTIFICATE FORM ON EXPORT OF UKRAINIAN DAIRY PRODUCTS

The competent authorities of Ukraine and Jordan have agreed on the form of a certificate for the export of milk and dairy products from Ukraine, Ukrainian Foreign Minister Dmytro Kuleba has said.
“This week we opened another market, namely, the export of Ukrainian milk to Jordan. The competent authorities of the two states agreed on the form of a certificate for the export of milk and dairy products from Ukraine. The concrete result of the joint work of diplomats and specialists of the State Service on Food Safety and Consumer Protection,” Kuleba said at an online briefing on Thursday.
He said that Ukrainian dairy products are of very high quality and therefore are in great demand abroad. According to Kuleba, this is the third certificate agreed between Ukraine and Jordan in 2021.
“The Ministry of Foreign Affairs continues to systematically open new foreign markets for Ukrainian exporters together with the State Service on Food Safety and Consumer Protection. Each new open market provides additional opportunities for Ukrainian companies, the strengthening of our national currency, the arrival of foreign currency to Ukraine, new jobs, taxes to the budget, the best salaries for our citizens,” he said.
The Foreign Minister said that not only exporting companies will benefit from the expansion of Ukrainian goods abroad, but every citizen of Ukraine involved in economic activity.

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UKRAINE EXPORTS 19 MLN TONNES OF GRAIN SINCE EARLY 2021/22 MY

Ukraine since the beginning of the 2021/2022 marketing year (MY, July-June) and as of October 29, exported 19.05 million tonnes of grain and leguminous crops, which is 19.3% more than the indicators for the same date of the previous year.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, 12.18 million tonnes of wheat have been exported (17.9% more compared to the same date 2020/2021 MY). Taking into account the restrictions on its export at the level of 25.3 million tonnes, introduced on October 19 by the Ministry of Agrarian Policy and Food, Ukrainian exporters can supply another 13.12 million tonnes of wheat to foreign markets (51.9% of the established limit).
In addition, during the specified period, Ukraine exported 4.36 million tonnes of barley (29.7% more than at the same date in 2020/2021 MY), 2.26 million tonnes of corn (1.8% more) and 42,900 tonnes of flour (30.5% less).
As of the indicated date, 55,000 tonnes of rye were also exported, which is 32 times more than the indicators of the last year.

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MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (EXPORT FROM UKRAINE TO OTHER COUNTRIES) JAN-JUNE 2021

MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (EXPORT FROM UKRAINE TO OTHER COUNTRIES) JAN-JUNE 2021

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FOREIGN TRADE TURNOVER BY THE MOST IMPORTANT POSITIONS IN JAN-JULY 2021 (EXPORT)

FOREIGN TRADE TURNOVER BY THE MOST IMPORTANT POSITIONS IN JAN-JULY 2021 (EXPORT)

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UKRAINE TO SET MAXIMUM EXPORT VOLUMES FOR WHEAT IN 2021/2022 MARKETING YEAR AT 25.3 MLN TONNES

Participants in the grain market and the Ministry of Agrarian Policy and Food of Ukraine have set the maximum export volumes for wheat in the current 2021/2022 marketing year (MY) at 25.3 million tonnes, compared to 17.5 million tonnes in the previous marketing year. According to the ministry’s website, the corresponding addition to the memorandum of understanding for 2021/2022 was signed on October 19.
The ministry recalled that it is organizing the signing of such memorandums on its platform, starting in 2011, to ensure food security, in order to avoid the use of export restrictions, to ensure a predictable grain export regime and to stabilize the grain market in Ukraine.
“The practice of signing memorandums is successful in terms of compliance by the signatories with the conditions on the possibility of exporting grain volumes,” the department noted.
At the same time, this year the heads of the Ukrainian Millers union, the Ukrainian Bakers’ Association and Ukrkhlibprom withdrew their signatures to the memorandum, considering the export ceiling without dividing wheat into food and fodder as highly inflated.

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