The U.S. Department of Agriculture (USDA) in the report for August improved the forecast for the export of Ukrainian wheat in the 2021/2022 marketing year (MY, July-June) by 2.5 million tonnes compared to the forecast in July, to 23.5 million tonnes.
The forecast for wheat harvest in Ukraine in the new marketing year has been increased by 3 million tonnes compared to the July forecast, to a record 33 million tonnes. As noted in the USDA, this figure has been increased due to the expansion of the area under this crop, as well as due to its higher yield this season.
In the August report, the USDA also improved the forecast for the corn crop and its exports from Ukraine in 2021/2022 MY by 1.5 million tonnes compared to the July forecast. Thus, corn production is expected to grow from 37.5 million tonnes to 39 million tonnes, its export – from 30.5 million tonnes to 32 million tonnes. As explained, the forecast for corn harvest in Ukraine has been increased, as the reduction in acreage under this crop is more than offset by an increase in its yield prospects.
As reported, since the beginning of 2021/2022 MY and as of August 6, 2021, Ukraine has exported 3.63 million tonnes of grains and legumes, which is 12% more than on the same date of the previous MY. It also exported 1.31 million tonnes of barley (23.2% more compared to the same date in 2020/2021MY), 1.25 million tonnes of wheat (a quarter less), 1.05 million tonnes of corn (2.1 times more), 13,500 tonnes of flour (1.6 times less).
Ukraine in January-July 2021 reduced electricity exports by 24.1% (by 678.2 million kWh) compared to the same period in 2020, to 2.131 billion kWh, according to the data of Ukrenergo.
According to the calculations of the Interfax-Ukraine agency, in particular, supplies from the Burshtyn TPP energy island in the direction of Hungary, Slovakia and Romania decreased by 16.6% (by 295.2 million kWh), to 1.484 billion kWh.
Electricity supplies to Poland decreased by 39.8% (353.8 million kWh) compared to the same period last year, to 534.1 million kWh.
Electricity exports to Moldova decreased by 13.2% (by 17.2 million kWh), to 113 million kWh.
There were no deliveries to Belarus and the Russian Federation in January-July 2021 (against 12 million kWh to Belarus for the seven months of 2020).
In July 2021, Ukrainian electricity exports amounted to 366.3 million kWh, which is 2.8 times more than in July 2020 (133 million kWh).
In addition, Ukraine in January-July 2021 reduced electricity imports by 44.5% (by 791 million kWh) compared to the same period last year, to 987.3 million kWh, in particular Belarus supplied 522.6 million kWh, Slovakia – 258.4 million kWh, Russia – 101.9 million kWh, Hungary – 66.4 million kWh, Romania – 38 million kWh.
In July 2021, electricity imports amounted to 1.2 million kWh against 21.8 million kWh in July 2020.
Within the framework of technological flows associated with the parallel operation of the integrated power system of Ukraine with the power systems of neighboring countries and power supply of dead-end areas, 32.9 million kWh of electricity were imported from the Russian Federation over the seven months, and 600,000 kWh from Belarus.
Emergency supplies from Slovakia during this period amounted to 200,000 kWh, from Belarus – 9.7 million kWh, to Belarus – 400,000 kWh, to Poland – 8.5 million kWh.
Ukraine in January-June of this year reduced exports of ferroalloys in quantity terms by 6.8% compared to the same period last year, to 388,691 tonnes.
According to statistics released by the State Customs Service, in monetary terms, exports of ferroalloys increased by 17.4%, to $523.365 million.
The product was mainly exported to Turkey (17.84% of supplies in monetary terms), Italy (14.61%) and Poland (11.93%).
In addition, in January-July 2021, Ukraine imported 30,294 tonnes of this product, which is 40.3% more compared to January-July 2020. In monetary terms, imports increased by 40.6%, to $84.065 million.
The product was mainly imported from Brazil (19.16%), Kazakhstan (17.13%) and Russia (10.97%).
Mining enterprises of Ukraine in January-July this year reduced exports of iron ore in kind by 3.5% compared to the same period last year, to 26.08 million tonnes.
According to statistics released by the State Customs Service on Wednesday, during the specified period, foreign exchange earnings from iron ore exports increased 2.15-fold, to $4.695 billion.
Iron ore was exported mainly to China (45.8% of supplies in monetary terms), the Czech Republic (9.47%) and Austria (8.09%).
In January-July 2021, iron ore was imported to Ukraine for $130,000 in a total volume of 1,134 tonnes, while in January-July 2020, 84 tonnes iron ore for $42,000 was imported.
In January-July 2021, iron ore was imported from Egypt (79.23%), Poland (10%) and Russia (3.85%).
Ukrainian enterprises in January-July of this year increased imports of copper and copper products in value terms by 60.9% compared to the same period last year, to $ 93.883 million.
According to customs statistics released by the State Customs Service of Ukraine, export of copper and copper products in January-July 2021 increased by 3.2 times compared to January-July 2020, to $ 126.782 million.
In July, copper and copper products were imported for $ 14.791 million, exported – for $ 18.178 million.
In addition, Ukraine in January-July 2021 increased imports of nickel and products made of it by 56.7% compared to the same period in 2020, to $ 67.028 million (in July – $ 8.814 million), aluminum and products made of it – by 18%, to $ 248.677 million ($ 43.020 million). At the same time, it increased import of lead and products made of it by 52.5%, to $ 5.459 million ($ 604,000), increased import of tin and products made of it by 66.7%, to $ 2.189 million ($ 624,000), and also increased import of zinc and zinc products by 84.6%, to $ 51.145 million ($ 8.551 million).
Export of aluminum and products made of it in the seven months of 2021 grew by 53% compared to the same period in 2020, to $ 89.410 million (in July – $ 12.782 million), lead and products made of it by 58.9%, to $ 20.608 million ($ 3.231 million), nickel and products – by 97.7%, to $ 3.01 million ($ 620,000).
Zinc export in January-July 2021 amounted to $ 54,000 (in July – $ 5,000), while in January-July 2020 it amounted to $ 55,000. Export of tin and products in January-July 2021 amounted to $ 15,000 (in July – $ 1,000) against $ 83,000 for the seven months of 2020.
In January-July of this year, enterprises engaged in operations with ferrous scrap increased the procurement of scrap metal by 43.1% compared to the same period last year, to 2.35 million tonnes.
As reported in the operational information of the Ukrainian Association of Secondary Metals (UAVtormet), the export of scrap metal for the specified reporting period amounted to 334,600 tonnes, which is 19.5 times more compared to the same period in 2020 (17,200 tonnes).
At the same time, the import of scrap in January-July amounted to 14,800 tonnes, which is 39.1% higher than in January-July-2020 (10,600 tonnes).
In January-July 2021, the supply of scrap to the country’s metallurgical enterprises increased by 23.1% compared to the same period last year, to 1.904 million tonnes. The level of stocks of scrap metal at metallurgical enterprises as of August 1, 2021 was estimated at 100,000-110,000 tonnes.
