Business news from Ukraine

UKRAINE TO EXPORT OVER 60 MLN TONNES OF GRAIN

Ukraine in the 2021/2022 marketing year (July-June) intends to export more than 60 million tonnes of grain crops, while ensuring the throughput capacity of seaports will become an important challenge in the issue of its logistics, the Ministry of Economy said on its website, citing deputy Minister of Economy, Trade Representative of Ukraine Taras Kachka on Friday.“Even ten years ago, the issue of the throughput capacity of Ukrainian seaports caused lively discussions, but over the past five years their capacity has increased – from 49.3 million tonnes in 2016 to 81.5 million tonnes in 2021. The sea transportation sector operates without delays, while we are observing the volatility of prices for rail transportation,” the Deputy Minister said at the Global Grain Conference 2021 in Switzerland.According to him, the strategy of the Ukrainian government is aimed at developing infrastructure in the logistics industry in order to attract investors to it.Kachka specified that Ukraine is implementing a number of measures within the framework of the Agreement with the World Trade Organization on trade facilitation, such as the introduction of a Single Window mechanism for international trade, the institution of an authorized economic operator, and a joint transit regime. This will allow Ukraine to enter the list of countries with the safest and most comfortable conditions for doing business.The Trade Representative of Ukraine recalled that growth of global demand for freight transportation amid the weakening of quarantine restrictions raised rates on them to multi-year highs and increased industry revenues, which allows investing in the latest technologies, digitalization, automation, etc.As reported, the Ukrainian Grain Association (UGA) in November estimated export of grains, legumes and oilseeds from Ukraine in 2021/2022 MY at 68 million tonnes with a harvest of 105 million tonnes, which exceeds the forecast made by the organization in July respectively, by 6 million tonnes (9.7%) and 5 million (5%) tonnes.

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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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