TAS Agro Group has made the first shipment of 1,500 tons of rapeseed oil to consumers in China, the agricultural holding’s press service reported on Facebook.
It is specified that TAS Agro has been processing rapeseed, sunflower and soybeans on a tolling basis at its partners’ plants for the second year in a row. As explained in the agricultural holding, in conditions of low profitability, increasing the added value of products through the development of processing is perhaps the only way to achieve a positive result.
“The realities of wartime force farmers to change, be flexible, and look for new strategic solutions. TAS Agro made the right decision to start processing rapeseed, as it is more profitable to sell oil than raw materials. Last season was the first experience of processing for our agricultural holding, and the financial results are positive,” said Anton Zhemerdeev, Deputy CEO for Commercial Affairs.
According to him, the agroholding has added new specialists to its team and is now focused on extending logistics to end consumers and opening new markets to generate additional margins.
TAS Group was founded in 1998. Its business interests include the financial sector (banking and insurance segments) and pharmacy, as well as industry, real estate, and venture capital projects.
Before the war, the TAS Agro group of companies cultivated 83 thousand hectares in Vinnytsia, Kyiv, Kirovohrad, Chernihiv, Mykolaiv, Sumy, Kherson, and Dnipro regions, was engaged in dairy farming (up to 5.5 thousand cattle), and owned six elevators with a one-time storage capacity of 250 thousand tons.
The founder of TAS is Sergey Tigipko.
In January-August this year, Ukraine’s metallurgical enterprises reduced their earnings from ferrous metal exports by 51.1% year-on-year to $1 billion 821.054 million.
According to statistics released by the State Customs Service (SCS), ferrous metals accounted for 7.44% of total export revenues during this period, while in the first eight months of 2022, they accounted for 12.86%.
In August, revenues from exports of ferrous metals amounted to $200.016 million, while in the previous month – $206.685 million.
At the same time, Ukraine increased imports of similar products by 53% to $855.284 million over the first eight months of this year. In August, the country imported products worth $136.466 million.
In addition, in January-August, Ukraine reduced exports of metal products by 11% compared to the eight months of the previous year, to $625.707 million. In August, they were exported for $65.114 million.
At the same time, imports of steel products increased by 24.8% to $515.548 million over the first eight months of the year. In August, Ukraine supplied $82.645 million worth of these products.
As reported earlier, in 2022, Ukraine’s steelmaking companies reduced revenues from ferrous metal exports by 67.5% compared to 2021, to $4 billion 533.088 million. During this period, ferrous metals accounted for 10.26% of total revenues from exports of goods, compared to 20.49% in 2021. At the same time, last year Ukraine reduced imports of similar products by 38.3% to $954.387 million.
In addition, in 2022, Ukraine reduced exports of metal products by 18.6% to $1 billion 52.512 million. Imports of metal products fell by 42.9% to $643.162 million over the year.
In January-August this year, Ukraine increased exports of pig iron in physical terms by 6.4% year-on-year to 934.196 thousand tons.
According to statistics released by the State Customs Service (SCS), pig iron exports in monetary terms amounted to $356.293 million in the period under review (down 25.1%).
At the same time, exports were carried out mainly to Poland (63.07% of supplies in monetary terms), Spain (20.66%) and the Czech Republic (7.05%).
In the first eight months of 2023, Ukraine imported 65 tons of pig iron worth $97 thousand from Germany (32.99%) and Brazil (67.01%), while no imports of pig iron were made in June and July.
As reported, in 2022, Ukraine reduced pig iron exports in physical terms by 59% compared to the previous year to 1 million 325.275 thousand tons, and in monetary terms by 61.1% to $638.774 million.
In 2022, Ukraine imported 40 tons of pig iron worth $23 thousand, while in 2021 it imported 185 tons of pig iron worth $226 thousand.
Exports were made mainly to the United States (38.47% of supplies in monetary terms), Poland (32.91%), and Turkey (8.12%), while imports were made from Germany (100%).
In January-August this year, Ukrainian companies increased imports of copper and copper products by 85.1% year-on-year to $77.287 million.
According to customs statistics released by the State Customs Service of Ukraine, exports of copper and copper products decreased by 21.7% to $50.197 million over the period.
In August, copper was imported for $9.975 million and exported for $6.273 million.
In addition, in the first eight months of 2023, Ukraine reduced imports of nickel and products by 75.3% compared to the same period in 2022 to $11.038 million ($2.599 million in August), while imports of aluminum and aluminum products increased by 17.8% to $243.990 million ($38.614 million).
At the same time, it reduced imports of lead and lead products by 67.9% to $722 thousand ($9 thousand), imports of tin and tin products by 33.8% to $1.633 million ($208 thousand), but increased imports of zinc and zinc products by 10.1% to $28.775 million ($3.934 million).
Exports of aluminum and aluminum products in January-August this year decreased by 4.8% compared to the same period last year to $63.289 million ($8.201 million in August), lead and lead products increased by 13.6% to $9.866 million ($0.876 million), nickel and nickel products amounted to $201 thousand ($76 thousand), while in 8 months. 2022 it was $1.339 million.
Zinc was exported abroad for eight months by $88 thousand (in August – $2 thousand) against $1.302 million in January-August 2022. Exports of tin and products amounted to $53 thousand (in August – $1 thousand) against $396 thousand in 8 months of 2022.
As reported, in 2022, Ukrainian enterprises reduced imports of copper and copper products in value terms by 64.3% compared to the previous year – to $65.370 million, while their exports decreased by 56.3% to $90.245 million.
In addition, in 2022, Ukraine reduced imports of nickel and nickel products by 49.9% compared to 2021, to $59.754 million, and aluminum and aluminum products by 33.4%, to $340.398 million. At the same time, it reduced imports of lead and lead products by 66.6%, to $2.839 million.
Imports of tin and tin products fell by 33.5% to $3.312 million, and imports of zinc and zinc products decreased by 58.7% to $38.690 million.
In 2022, exports of aluminum and aluminum products decreased by 42.7% compared to 2021, to $96.972 million, lead and lead products – by 68.7%, to $11.970 million, and nickel and nickel products – by 73.9%, to $1.268 million.
Zinc exports in 2022 amounted to $1.331 million, while in 2021 they amounted to $550 thousand. Exports of tin and products in 2022 amounted to $424 thousand, compared to $346 thousand in the previous year.
In 2022/2023 marketing year, Ukraine increased the production and export of sunflower oil by 25.4% compared to 2021/2022 MY, the press service of the association Ukroliyaprom reports.
“One of the main peculiarities of 2022/23 MY was the significant increase of sunflower seed processing at the domestic facilities starting from 2023, after the ban of its import by some EU countries. This allowed to significantly increase the processing of sunflower seeds within the country and, accordingly, the production of oil and its export by 25.4%, sunflower meal – by 27.3% compared to 2021/22 MY,” the company said in the report.
According to the report, the export of sunflower seeds decreased by 58% in the first eight months of 2023 compared to the same period of 2022. This made it possible to significantly increase its processing at domestic facilities and, accordingly, the production and export of high value-added products.
In 2022/23 MY, the production and export of soybean oil increased by 18%, and soybean meal – by 19.4%.
These figures could have been higher if soybean processing in the country had increased, especially given that exports of soybean products are mainly carried out by road and rail, the association noted.
In addition, in 2023, Ukraine increased the processing of rapeseed, as evidenced by the increase in exports of rapeseed oil in July-August this year by more than 20 times compared to the corresponding period in 2022.
“Ukroliyaprom forecasts that in 2023/2024 MY Ukraine’s production of main types of oilseeds will increase by 18.8%. This will be due to the expansion of production areas by 12.1% and an average yield increase of 5.7%, which was facilitated by favorable weather conditions. The largest increase in production is expected for sunflower seeds – by 15%.
As reported, Ukroliyaprom expects that in the season 2023/2024, Ukraine can produce up to 5 million tons of sunflower oil, while exports can reach 4.7 million tons.
Ukrainian metallurgical enterprises in January-August this year reduced revenues from ferrous metal exports by 51.1% compared to the same period last year – to $1 bln 821.054 mln.
According to statistics released by the State Customs Service (SCS), ferrous metals accounted for 7.44% of total export revenues during this period, while in 8M-2022 – 12.86%.
In August, revenues from ferrous metals exports amounted to $200.016 million, while in the previous month – $206.685 million.
At the same time, Ukraine has increased imports of similar products by 53% – up to $855.284 million in eight months of this year. In August, $136.466 million worth of products were imported.
In addition, in January-August Ukraine reduced exports of metal products by 11% compared to the eight months of the previous year – to $625.707 million. In August they were exported for $65.114 million.
At the same time, imports of metal products for the first eight months of the year increased by 24.8% to $515.548 million. In August, Ukraine received $82.645 million worth of these products.
As reported, metal enterprises of Ukraine in 2022 decreased revenues from exports of ferrous metals by 67.5% compared to 2021, to $4 billion 533.088 million. Ferrous metals for this period accounted for 10.26% of total revenues from exports of goods against 20.49% for 2021. At the same time, Ukraine last year reduced imports of similar products by 38.3% to $954.387 million.
In addition, in 2022, Ukraine reduced exports of metal products by 18.6% to $1 billion 52.512 million. Imports of metal products for the year fell by 42.9% to $643.162 million.
