Business news from Ukraine

UKRAINE RAISES POULTRY EXPORT BY 5%

Ukraine in January-November 2020 increased export of poultry by 5.1% compared to the same period in 2019, to 394,240 tonnes, the State Customs Service has said.
According to its data, in monetary terms, export of these products decreased by 3.6%, to $512.33 million.
At the same time, import of poultry for the 11 months of this year decreased by 17.4%, to 100,030 tonnes, in monetary terms by 13.1%, to $41.88 million.
Export of pork, according to the State Customs Service, rose by 30.2%, to 2,670 tonnes. These products were delivered for $5.8 million, which is 23.9% more than in January-November 2019. Pork import for the 11 months of 2020 increased by 22.6%, to 26,880 tonnes, in monetary terms by 25.6%, to $52.54 million.
In addition, during the specified period, Ukraine reduced export of eggs by 20.8%, to 102,130 tonnes, in monetary terms by 11.7%, to $92.09 million. Egg imports fell by 1.9 times, to 2,670 tonnes, in money terms by 2 times, to $9.58 million.

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EXPORT OF HONEY FROM UKRAINE IN 2020 REACHED AN ABSOLUTE RECORD

Export of honey from Ukraine in 11 months of 2020 reached an absolute record – 69,084 tonnes with a total value of $117.5 million, national consultant to the Food and Agriculture Organization of the United Nations (FAO) Hanna Burka has said.
“There is less than a month left before the start of the New Year 2021, but there is already a record for the export of honey. Its export from Ukraine in 11 months of 2020 reached an absolute record – 69,800 tonnes for a total of $117.5 million. The previous record was set in 2017 – 67,800 tonnes ($133.9 million),” she wrote on her Facebook page.
According to the expert, high demand for Ukrainian honey is observed from the countries of the European Union. It is due to a number of reasons: uncertainty with the further development of the situation with COVID-19, respectively, the active formation of residues for the entire 2020/21 season; poor honey harvest in the EU: according to preliminary estimates, its harvest fell by 40% due to unfavorable weather conditions.
Ukraine in 2019 exported 49,740 tonnes of honey (12 months), in 2018 – 41,740 tonnes.

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UKRAINE EXPORTS 22.1 MLN TONNES OF GRAIN SINCE START MY

Since the beginning of the new 2020/2021 marketing year (MY, July-June) and as of December 4, Ukraine has exported 22.12 million tonnes of cereals and legumes, which is 3.4 million tonnes less than on the same date last MY.
According to the information and analytical portal of the agro-industrial complex of Ukraine, 12.02 million tonnes of wheat (-1.6 million tonnes), 3.71 million tonnes of barley (+0.2 million tonnes) and 6.03 million tonnes of corn (-2.1 million tonnes) have been exported to date.
As of December 4 of this year, 70,300 tonnes of flour were also exported.
As reported, Ukraine exported a record 57.2 million tonnes of grains, legumes and flour in 2019/2020 MY, which is 13.5% more than in the previous MY.

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EXPORT CREDIT AGENCY AND CREDITWEST BANK PLAN TO STIMULATE EXPORT OF UKRAINIAN GOODS

Creditwest Bank (Kyiv) and the Export Credit Agency (ECA) have signed a cooperation agreement to stimulate the export of Ukrainian-made goods, the bank’s press service said on Wednesday.
According to the report, the agreement provides for Creditwest Bank’s participation in ECA’s Export Risks Insurance program, within which the agency undertakes insurance of risks under export contracts financed by the bank.
Through the appropriate program Ukrainian companies will be able to attract loans for the implementation of export contracts.
The bank said that the largest loan amount under the program is UAH 2.5 million. The loan term is up to one year. The amount of insurance compensation is set at 85% of the loan amount.
According to the report, the corresponding agreement provides for the use of accelerated procedures for considering applications from the bank by the Export Credit Agency.
The approximate ECA insurance rate will be 1.2% of the loan amount for loans for a period of up to six months, 1.6% – for a period of six to 12 months, depending on the coefficient of the buying country on the OECD scale.

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UKRAINE ALREADY EXPORTS 20.2 MLN TONNES OF GRAIN

Ukraine since the beginning of the new 2020/2021 marketing year (MY, July-June) and as of November 23 had exported 20.17 million tonnes of grain and legumes, which is 3.2 million tonnes less than on the same date last MY.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, 11.63 million tonnes of wheat (less by 1.4 million tonnes), 3.69 million tonnes of barley (up by 230,000 tonnes) and 4.5 million tonnes of corn (down by 2.1 million tonnes) were exported.
As of November 23 of this year, 66,600 tonnes of flour were also exported.
As reported, in the 2019/2020 MY Ukraine exported a record 57.2 million tonnes of grains, legumes and flour, which is 13.5% more than in the previous MY.

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STRUCTURE OF EXPORT OF SERVICES IN 1ST HALFYEAR OF 2020 (GRAPHICALLY)

Structure of export of services in 1st halfyear of 2020 (graphically).