Business news from Ukraine

UKRAINE EXPORTS 22 MLN TONNES OF GRAIN

Ukraine since the beginning of the marketing year 2019/2020 (MY, July-June) and as of November 15, 2019 had exported 22.14 million tonnes of grain and legumes, which is 41.7% more than on the same date last MY.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, the country has exported 12.6 million tonnes of wheat, 5.8 million tonnes of corn, and 3.4 million tonnes of barley.
As of November 15 of this year, 138,100 tonnes of flour have also been exported.
As reported, Ukraine in the 2018/2019 MY exported a record 50.4 million tonnes of grain, legumes and flour, which is 23% more than in the previous MY.
The U.S. Department of Agriculture (USDA) in November raised its forecast for grain exports for the 2019/2020 MY by 500,000 tonnes compared with the October forecast, to 54.94 million tonnes.

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STATE FOOD AND GRAIN CORPORATION EXPORTS 2.34 MLN TONNES OF GRAIN IN TEN MONTHS

PJSC State Food and Grain Corporation of Ukraine in January-October 2019 exported 2.34 million tonnes of grain and sold 160,040 tonnes of flour and bran.
According to a report on its website, during the reporting period it shipped 751,200 tonnes of grain to the main partner, China’s National Corporation CCEC.
Corn ranked first in the commodity structure of grain exports by the corporation, its share in the total volume continued to grow in the reporting period, and reached 67%.
The main buyers of the corporation’s products were Austria, France, Portugal, the Netherlands, Italy, Egypt, Algeria, Tunisia, Bangladesh, China, and Venezuela. Deliveries to third countries are carried out through CCEC.
State Food and Grain Corporation of Ukraine was created by the government of Ukraine in August 2010. It includes an extensive network of branches: linear and port elevators, mills, feed mills and cereal plants. A total of 53 subdivisions can store 3.7 million tonnes of grain, including about 2.5 million tonnes per year of total capacity for transshipment of grains for exports in Odesa and Mykolaiv ports.

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UKRAINE RAISES POULTRY EXPORTS BY 23% IN TEN MONTHS

Ukraine in January-October 2019 increased export of poultry by 23%, to 333,810 tonnes, the State Fiscal Service has reported.
According to the service, in monetary terms exports of these products rose by 12.8%, to $479.73 million.
At the same time, import of poultry for the ten months of 2019 decreased by 2.1%, to 108,660 tonnes, in money terms by 2%, to $43.29 million.
In addition, according to the service, pork exports in January-October 2019 amounted to 1,790 tonnes compared to 1,540 tonnes for the same period in 2018. These products were delivered for $3.95 million against $3.34 million for the ten months of 2018.
Pork imports to Ukraine during this period decreased by 12.5%, to 20,460 tonnes. Pork worth $39 million was imported to the country compared to $43.17 million in January-October 2018.

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UKRAINE EXPORTS 20.8 MLN TONNES OF GRAIN SINCE START OF 2019/2020 MY

Ukraine since the beginning of the 2019/2020 marketing year (MY, July-June) and as of November 8, 2019 had exported 20.755 million tonnes of grain and leguminous plants, which is 44.3% more than on the same date of the previous MY.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, the country has exported 12.12 million tonnes of wheat, 5.03 million tonnes of corn, and 3.36 million tonnes of barley.
As of November 8 this year, some 129,300 tonnes of flour had been also exported.
As reported, Ukraine in the 2018/2019 MY exported a record 50.4 million tonnes of grain, legumes and flour, which is 23% more than in the previous MY.
The U.S. Department of Agriculture (USDA) in September raised its forecast for grain exports for the 2019/2020 MY by 400,000 tonnes compared with the August forecast, to 54.44 million tonnes.

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COMMODITY PATTERN OF UKRAINIAN EXPORT IN JAN-AUG, 2019

Commodity pattern of Ukrainian export in Jan-Aug, 2019

EXPORT OF STATE-RUN UKROBORONPROM REDUCES FROM $900 MLN IN 2013 TO $451 MLN

The enterprises of Ukroboronprom state concern reduced export volumes to $451 million a year compared to $900 million in 2013, director general of the state concern Aivaras Abromavicius has said at a meeting with Ukrainian President Volodymyr Zelensky in Kharkiv. “The most important reform we have already launched is the reform of exporters … We are reducing the number of exporters from six to two at the initial stage,” he said.
He specified that in order to rectify the situation, “movement veteran” Mykhailo Morozov was appointed to this direction. He has led ISTIL Group for more than ten years and has significant experience in managing special exporters, in particular, Progress state enterprise.
The director general of Ukroboronprom noted that 1,500 people are engaged in exports in the state concern, while in a Turkish company with export of $300 million per year some 80 people.
“People are sitting in the center of Kyiv, it is not clear what they are doing. We’ll motivate those people who will stay with us to work, because every time you go abroad, you have to blush,” Abromavicius described the current situation and plans.
As an example, he cited his recent trip to Peru and retold criticism from colleagues from South American countries.
“Guys, it’s hard to pronounce your names: Ukroboronprom, Spetstechnoexport, Ukrspecexport … You all run around, each with two agents, lower prices for your manufacturers,” they said.
The Ukroboronprom director emphasized that such a lack of culture and coordination within the concern should cease.

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