Business news from Ukraine

MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (EXPORT FROM UKRAINE TO OTHER COUNTRIES) IN JAN-JULY 2019

Main trade partners of Ukraine in % from total volume (export from Ukraine to other countries) in Jan-July 2019

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USDA REVIEWS DOWNWARDS FORECAST FOR EXPORT OF UKRAINIAN RAPESEEDS TO 2.7 MLN TONNES

The U.S. Department of Agriculture (USDA) reviewed downwards its forecast for exports of rapeseeds from Ukraine in the 2019/20 agricultural year (September-August) by 0.1 million tonnes compared with the August forecast, to 2.7 million tonnes.

According to the September report, published on the USDA website, the forecast for the export of Ukrainian soybean meal was reduced by 0.2 million tonnes to 0.7 million tonnes due to stronger domestic demand.

In general, the forecast for the export of oilseeds from Ukraine in September was reduced by 0.1 million tonnes compared to the forecast in August, to 4.75 million tonnes, meal exports – by 0.2 million tonnes, to 5.8 million tonnes, while at the same time, the forecast for the export of vegetable oil remained at 6.3 million tonnes, oilseed refining – at 17.15 million tonnes.

As reported with reference to the Ministry of Agricultural Policy and Food, in 2018, Ukraine harvested 13.7 million tonnes of sunflower, 4.4 million tonnes of soybeans, and 2.6 million tonnes of rapeseed.

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USDA REVIEWS UPWARDS FORECAST FOR EXPORT OF UKRAINIAN BARLEY IN 2019/20 AGRI-YEAR BY 0.4 MLN TONNES

The U.S. Department of Agriculture (USDA) reviewed upwards its forecast for export of barley from Ukraine in the 2019/20 agricultural year (July-June) by 0.4 million tonnes compared with the August forecast, to 4.8 million tonnes, and barley harvest forecast – by 0.55 million tonnes, to 9.2 million tonnes.
According to the September report, published on the USDA website, the forecast for the production of Ukrainian wheat was revised downwards by 0.5 million tonnes, to 28.7 million tonnes, the forecast of export of wheat remained at 19.5 million.
USDA in September reviewed downwards the forecast for production of corn in Ukraine by 0.5 million tonnes, to 36 million tonnes, and the export forecast remained unchanged, being 30 million tonnes.
In general, the forecast for grain harvest in 2019/20 agri-year in Ukraine is reviewed downwards to 74.9 million tonnes (0.45 million tonnes less than in the August forecast), the export forecast was increased to 54.44 million tonnes (0.4 million tonnes more).

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STATE FOREST RESOURCES AGENCY OF UKRAINE WANTS TO ANNUL MORATORIUM ON EXPORT OF UNPROCESSED LOGS

The State Forest Resources Agency of Ukraine has said that it is necessary to annul a moratorium on export of unprocessed logs imposed in 2015.
“It is necessary to lift the moratorium, give a free market for logs – this will stimulate price growth and the work of our industry enterprises, and not only those that are coordinated by the State Forest Resources Agency. This will give an impetus to the development of the economy,” Deputy Head of the State Forest Agency Volodymyr Bondar said in a statement of the agency.
According to him, the moratorium on the export of unprocessed logs in the form it was accepted did not give an economic breakthrough, and created a “criminal situation for the state’s economy” in the issue of logs.
“Forestry enterprises today have the remains of 1.2 million cubic meters of logs. We have reduced logging, because we cannot sell what was logged in Ukraine,” Bondar said.
He said that if the legislator wanted to stock logs and give impetus to the development of local business, then this had to be done not through a ban, but through stimulating the development and deepening of processing.
“For this, it is necessary that investments come to Ukraine. Without making any decisions on creating an investment climate in Ukraine, simply banning the export of logs, this only leads to a decrease in the domestic price, a decrease in logging. We do not even remove logs, which we mark in the forest, because it does not have its own consumer,” the deputy head of the State Forest Resources Agency said.
According to Bondar, due to lower prices for logs and the inability to sell it, the question of stopping enterprises of various types arises.

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UKRAINE INCREASES EXPORT OF POULTRY TO $401.78 MLN

Ukraine in January-August 2019 exported 275,470 tonnes of poultry, which is 28.4% more than in the same period in 2018, the State Fiscal Service has reported.
According to its data, in monetary terms exports of these products increased by 20.4%, to $401.78 million.
Poultry and offal imports for the seven months fell by 4.4%, to 82,200 tonnes, in monetary terms by 3.7%, to $32.86 million.
According to the State Fiscal Service, exports of pork in January-August 2019 rose by 4.2% compared to the corresponding period of 2018, to 1,410 tonnes. In monetary terms exports of this product amounted to $3.13 million compared with $2.96 million a year ago.
Pork imports to Ukraine during this period grew by 3.9%, to 16,330 tonnes. The country received this meat for a total of $31.1 million compared with $29.5 million in January-August 2019.

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MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (EXPORT FROM UKRAINE TO OTHER COUNTRIES) IN JAN-JUNE 2019

Main trade partners of Ukraine in % from total volume (export from Ukraine to other countries) in Jan-June 2019

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