Business news from Ukraine

Business news from Ukraine

Coffee exports in world increased by almost 12%

Global coffee exports in the 2023/24 marketing season (October-September) increased by 11.7% to 137.27 million bags (60 kg each), according to a report by the International Coffee Organization (ICO).
In particular, shipments of green (unroasted) coffee increased by 11.8% to 123.75 million bags.
Among the macro-regions, South America retains its position as the largest exporter of coffee, which in 2023/24 season increased shipments by 30.7% to 66.13 million bags. In particular, Brazil recorded a record figure of coffee shipments of 49.03 million bags.
Sales of coffee from Asia and Oceania decreased by 6.7% (to 40.62 mln bags) in the season that ended, while Africa increased its supplies by 17.3% (to 16.02 mln bags).

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Ukrainian mining companies increased exports of iron ore by 96% in real terms

In January-October this year, Ukrainian mining companies increased their exports of iron ore by 96% in physical terms compared to the same period last year, up to 27 million 790.352 thousand tons.
According to the statistics released by the State Customs Service (SCS), foreign exchange earnings from iron ore exports increased by 59.4% to $2 billion 341.865 million in the period under review.
Exports of iron ore were carried out mainly to China (34.88% of supplies in monetary terms), Poland (17.47%) and Slovakia (16.85%).
In January-October 2024, Ukraine imported iron ore worth $261 thousand in the total volume of 835 tons, while in January-October 2023, it imported $118 thousand in the total volume of 168 tons. Imports this year were carried out from the Netherlands (36.26%), Poland (24.43%) and Norway (21.37%).
As reported, in 2023, Ukraine decreased exports of iron ore in physical terms by 26% compared to 2022 – to 17 million 753.165 thousand tons, foreign exchange earnings from iron ore exports amounted to $1 billion 766.906 million (down 39.3%). Iron ore was exported mainly to Slovakia (28.39% of supplies in monetary terms), the Czech Republic (19.74%) and Poland (19.56%).
Last year, Ukraine imported iron ore worth $135 thousand in the total amount of 250 tons. During this period, imports were made from Norway (34.81%), Italy (28.89%) and the Netherlands (28.89%). While in 2022, iron ore was imported for $65 thousand in a total volume of 101 tons.

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Exports of grains and oilseeds brought Ukraine $6.1 bln in 4 months

Revenues from exports of grains, oilseeds, meal and oil in the first quarter of the 2024/2025 season (July-October this year) amounted to $6.1 billion, up $1.6 billion, or 35.6%, compared to the previous season, the Ukrainian Grain Association (UGA) reported on Facebook.
“Over 4 months, Ukraine has received significantly more export revenue from the sale of wheat, barley, rapeseed and soybeans compared to last season,” the industry association stated.
According to the chart below, in July-October 2024, sales of wheat on foreign markets brought Ukraine $1.456 billion, which is 1.9 times more than a year earlier, while revenue from rapeseed exports increased by 50.6% to $1.119 billion, corn by 32% to $849 million, soybeans by 2.1 times to $477 million, and barley by 3 times to $286 million.
At the same time, the revenues from sunflower oil exports in July-October 2024 decreased by 0.7% to $1.356 bln, and sunflower meal by 9.2% to $344 mln compared to the same period last year.

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Ukraine increased aluminum exports by 29.3% in January-October

Exports of aluminum and aluminum products in the first ten months of 2024 increased by 29.3% compared to the same period last year to $105.559 million (in October – $12.243 million).
In 2023, exports of aluminum and aluminum products increased by 0.7% compared to 2022 to $97.616 million.
In January-October 2024, Ukraine increased imports of aluminum and aluminum products by 22.3% to $376.269 million (in October – $42.993 million).
In addition, in 2023, Ukraine increased imports of aluminum and aluminum products by 7.7% to $366.463 million.
Aluminum is widely used as a structural material. The main advantages of aluminum are its lightness, stamping resistance, corrosion resistance, high thermal conductivity, and non-toxicity of its compounds. In particular, these properties have made aluminum extremely popular in the production of cookware, aluminum foil in the food industry, and packaging. The first three properties have made aluminum the main raw material in the aviation and aerospace industries (recently it has been replaced by composite materials, primarily carbon fiber). After the construction and production of packaging, such as aluminum cans and foil, the energy sector is the largest consumer of the metal.

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Exports of ferroalloys from Ukraine decreased 5 times in 10 months

In January-October this year, Ukraine reduced exports of ferroalloys in physical terms by 5 times compared to the same period last year – to 66.260 thousand tons from 334.008 thousand tons.
According to the statistics released by the State Customs Service, exports of ferroalloys in monetary terms decreased by 3.7 times to $78.138 million from $288.958 million.
At the same time, the main exports were made to Poland (25.17% of supplies in monetary terms), Turkey (24.31%) and Italy (19.74%).
In addition, in January-October, Ukraine imported 77.556 thousand tons of these products compared to 6.790 thousand tons in January-October 2023 (an 11.4-fold increase). In monetary terms, imports increased 4.8 times to $131.192 million from $27.192 million.
Imports were mainly from Poland (35.03%), Norway (18.98%) and Kazakhstan (14.38%).
As reported, Pokrovsky Mining and Processing Plant (PGOK, formerly Ordzhonikidze Mining and Processing Plant) and Marganetsky Mining and Processing Plant (MGOK, both in Dnipropetrovska oblast), both part of Privat Group, stopped mining and processing of crude manganese ore in late October and early November 2023, while NFP and ZFP stopped smelting ferroalloys. In the summer of 2024, ferroalloy plants resumed production at a minimum level.
In 2023, Ukraine decreased exports of ferroalloys in physical terms by 1.5% compared to 2022, to 344.173 thousand tons, while in monetary terms, exports of ferroalloys decreased by 47.2% to $297.595 million. The main exports were to Poland (52.79% of supplies in monetary terms), Turkey (14.13%) and the Netherlands (8.46%).
In addition, in 2023, Ukraine imported 14.203 thousand tons of these products, which is 30.9% less than in 2022. In monetary terms, imports decreased by 41% to $42.927 million. Imports were carried out mainly from Poland (23.94%), India (16.08%) and Armenia (14.35%).
Prior to the nationalization of the financial institution, PrivatBank organized the business of ZZF, NZF, Stakhanovsky ZF (located on the NKT), Pokrovske and Marganetske GOKs. Nikopol Ferroalloy Plant is controlled by EastOne Group, created in the fall of 2007 as a result of the restructuring of Interpipe Group, and Privat Group.

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Ukraine suspends manganese ore exports in February-October 2024

In February-October 2024, Ukraine continued to suspend manganese ore exports, which resumed in January this year after a two-year break.

According to statistics released by the State Customs Service (SCS), there were no exports of manganese ore in February-October, while in January 44,903 thousand tons were exported to the US for $6.563 million.

At the same time, in ten months of 2014, the country imported 84.275 thousand tons worth $18.212 million from Ghana (99.34%), Brazil (0.50%) and Belgium (0.12%), and there were no imports in October.

Import growth occurred in July and August of this year, when 17.811 thousand tons of manganese ore were imported in July, 10.017 thousand tons in August, and in September it increased to 56.447 thousand tons. Ukraine imported 44.202 thousand tons of manganese ore in 10 months of 2013.

As reported, Ukraine did not export manganese ore in 2022 and 2023, exported 770 tons for $89 thousand in 2021, and imported 44.203 thousand tons for $7.020 million in 2023.

In 2022, Ukraine reduced imports of manganese ore and concentrate in physical terms by 68.1% compared to the previous year, to 135,798 thousand tons, and in monetary terms by 66.4%, to $18.098 million. The main imports were from Ghana (99.16% of supplies in monetary terms), Slovakia (0.71%) and Belgium (0.10%). In August-November 2022, there were almost no imports of manganese ore.

In addition, it was reported that the Pokrovsky Mining and Processing Plant (PGOK, formerly Ordzhonikidze Mining and Processing Plant), a part of the Privat Group, and Marhanetsky Mining and Processing Plant (MGOK, both in Dnipropetrovska oblast), in late October and early November, had been shutting down. ) stopped mining and processing crude manganese ore in late October and early November 2023, while NFP and ZFP suspended smelting of ferroalloys, and later ferroalloy enterprises slightly resumed production.

In Ukraine, Pokrovske and Marhanets mining and processing plants mine and enrich manganese ore.

Manganese ore is consumed by ferroalloy enterprises.

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