Business news from Ukraine

Business news from Ukraine

STRUCTURE OF FOREIGN TRADE BY TYPES OF SERVICES (EXPORT) IN I Q, 2019

Structure of foreign trade by types of services (export) in i q, 2019

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STRUCTURE OF UKRAINIAN FOREIGN TRADE IN SERVICES (EXPORT) BY COUNTRIES IN IQ, 2019

Structure of ukrainian foreign trade in services (export) by countries in iq, 2019

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U.S. DEPARTMENT OF AGRICULTURE PREDICTS EXPORT OF VEGETABLE OIL FROM UKRAINE AT 6.12 MLN TONNES

The U.S. Department of Agriculture (USDA) predicts that export of vegetable oil from Ukraine in the 2019/20 agricultural year (September-August) will be 6.12 million tonnes, which is 90,000 tonnes less than in 2018/19 agri-year (6.21 million tonnes).
According to the May report, forecast for oilseed crushing for 2019/20 agri-year were improved by 150,000 tonnes, to 16.8 million tonnes.
USDA said that next agri-year sunflower seed production in Ukraine could decrease by 200,000 tonnes year-over-year, to 14.8 million tonnes, meal – by 123,000 tonnes, to 5.99 million tonnes and oil – by 129,000 tonnes, to 6.24 million tonnes.
Export of sunflower seeds in 2019/20 agri-year should grow by 50%, to 150,000 tonnes, meal – by 6%, to 4.7 million tonnes and oil – by 3.4%, to 5.6 million tonnes.

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BELARUS TO RAISE EXPORT DUTIES ON OIL PRODUCTS ON MAY 1

Belarus will raise duties on oil and oil products exported outside the Eurasian Economic Union’s customs territory on May 1. The sizes of the duties were confirmed by Government Resolution No. 262 of April 25, which has been published on the National Legal Internet Portal. Under the document, the duty on crude oil will grow from $97.40 to $104.60 per tonne, that on straight-run gasoline will rise from $53.50 to $57.50 per tonne, and that on commercial gasoline will grow from $29.20 to $31.30 per tonne.
The duty on light and medium distillates will rise from $29.20 to $31.30 per tonne. The same rate will apply to diesel, benzene, toluene, xylol, and lubricants and other oils.
Belarus last raised export duties on oil and oil products on April 1. Belarus has been aligning its export duties on oil and oil products with Russia’s since 2010 in light of its duty-free imports of oil from Russia. In accordance with EAEU agreements, all export duties on oil and oil products have remained in the Belarusian budget since 2015.

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