Business news from Ukraine

Business news from Ukraine

GRAIN CORPORATION TO EXPORT 1 MLN TONNES OF GRAIN TO CHINA

Representatives of the State Food and Grain Corporation of Ukraine, the China National Complete Engineering Corporation (CCEC) and the Ministry of Economy of Ukraine during a meeting on August 9 reached an agreement on the export of one million tonnes of grain to China by the end of this year, the state corporation wrote on Facebook.
“We plan to carry out purchases at our own elevators and use our own logistics and port facilities in order to make our partners the most profitable price offer,” the company quotes the acting chairman of the board of the State Food and Grain Corporation of Ukraine, Andriy Vlasenko.
The corporation also cites data from CCEC President Yang Jing, who noted that the Chinese side is interested in developing cooperation, strives to fulfill the conditions of the existing contract for the 2021/2022 marketing year (MG, July-June) and is waiting for proposals from the Ukrainian side.
In turn, the Ministry of Economy proposed to hold weekly negotiations on the supply of grain between the Grain Corporation and CCEC.
As reported, in June 2021, the Grain Corporation discussed with CCEC representatives a possible delivery in the 2021/2022 MY of 2 million tonnes of early grain and 3 million tonnes of corn. The corporation clarified that it has completed a complex of preparatory work at the port facilities in Odesa and Mykolaiv, and also, at the request of the Chinese side, reached agreements with partners on the possibility of transshipment of an additional one million tonnes of grain at Chornomorsk seaport (Odesa region).

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EXPORT OF UKRAINIAN ICE CREAM GROWS 1.5-FOLD IN 5 YEARS

The export of Ukrainian ice cream for the period 2016-2020 increased by one and a half times, to 6,740 tonnes, while in January-April 2021 this figure increased 20% compared to January-April 2020, to 2,300 tonnes, the State Service for Food Safety and Consumer Protection of Ukraine said in a press release on Friday.
“The growth of exports testifies to the high quality of Ukrainian products, which are valued both in Ukraine and abroad. It is pleasant that almost half of Ukrainian ice cream exports go to the EU countries, with which trade is intensifying in many trade positions,” Head of the authority Vladyslava Mahaletska said.
According to the authority, in the first six months of 2021 Ukraine exported 1,080 tonnes of ice cream, of which 46.8% went to the EU countries. In total, Ukraine supplies this product to more than 50 countries of the world, mainly to Moldova, China, and Israel.

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

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

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

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

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UKRAINE IN JAN-JUNE REDUCES REVENUE FROM ELECTRICITY EXPORT BY 40%

Ukraine in January-June 2021 reduced its revenue from electricity exports by 40.9% (by $74.921 million) compared to the same period in 2020, to $108.238 million, according to data from the State Customs Service.
According to the calculations of the Interfax-Ukraine agency, in the six months, electricity was supplied to Hungary for $50.714 million, Poland – for $31.217 million, Romania – for $14.446 million, other countries – for $11.861 million.
In particular, in June 2021, electricity was exported for $30.263 million against $5.96 million in June 2020.
In addition, during this period Ukraine imported electricity for $58.598 million against $109.004 million in the same period last year, in particular from Belarus – for $24.691 million, Slovakia – for $22.25 million, Russia – for $5.186 million, other countries – for $6.471 million.

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