KSG Agro rented an oil extraction plant (OEZ) in Dnipropetrovsk region to produce virgin sunflower oil from its own raw material.
According to the agricultural holding’s press release issued on Friday, the crude sunflower oil it produces will be exported to European Union countries by road.
It is specified that the capacity of rented crushing plant allows processing 2.5 thousand tons of sunflower seeds into 1 thousand tons of sunflower oil per month. Staff of the factory consists of 30 persons. The production is equipped with modern equipment manufactured in Ukraine in 2008.
Agroholding reminded that after the start of a full-scale Russian military invasion into Ukraine, it began exporting rapeseed and sunflower oil to Poland, Slovakia and Italy. In addition, it began pilot shipments of sunflower oil to Poland and Italy using “flexitanks” – polymeric containers designed to transport liquid cargo and installed on trucks.
The vertically integrated holding KSG Agro is engaged in pig farming as well as the production, storage, processing and sale of grain and oilseeds. Its land bank is about 21,000 hectares.
According to the agricultural holding, it is one of the top five pork producers in Ukraine.
In 2021, the holding increased its net profit in 16 times compared with 2020 – up to $20.27 million, revenue – by 44%, to $30.75 million, while increasing EBITDA by half – to $12.28 million.
The owner and chairman of the board of directors of KSG Agro is Sergey Kasyanov.
Exports of goods in % to the previous period in 2021 and 2022
SSC of Ukraine, graphics of the Club of Experts
Ukraine in January-September this year reduced the export of pig iron in kind by 55.9% compared to the same period last year – up to 1 million 77.356 thousand tons.
According to statistics published by the State Customs Service (SCS), over the specified period, the export of pig iron in monetary terms decreased by 56.5% – to $550.490 million.
At the same time, exports were carried out mainly to the USA (41.75% of deliveries in monetary terms), Poland (34.1%) and Turkey (8.7%).
In January-September 2022, Ukraine imported 15 tons of pig iron from Germany for $25,000, while in 9 months-2021 it imported 149 tons of pig iron for $163,000 from Germany (64.42%), Russia (28.22%) and Slovakia (7.36%).
As reported, in 2021 Ukraine increased the export of pig iron in physical terms by 4.2% compared to 2020 – up to 3 million 235.772 thousand tons, the export of pig iron in monetary terms increased by 78.1% – up to $1 billion 642.596 million At the same time, exports were carried out mainly to the USA (53.61% of deliveries in monetary terms), Italy (22.08%) and Turkey (9.74%).
In 2021, Ukraine imported 185 tons of pig iron worth $226 thousand from Germany (74.34%), the Russian Federation (20.35%) and Slovakia (5.31%), while in 2020 it imported 593 tons worth $417 thousand.
Another seven ships with 177,500 tonnes of foodstuffs left the Ukrainian ports of Odesa, Pivdenny and Chornomorsk on Tuesday for the countries of Africa, Asia and Europe, the Ministry of Infrastructure of Ukraine has reported.
“In particular, among the ships leaving the Ukrainian ports is the bulk carrier Sea Pearl J, which will deliver 30,000 tonnes of wheat to Tunisia,” the ministry said on its Facebook page.
Five ships were sent from the port of Chornomorsk: Hazar S, Sea Pearl J, Ince Evrenye, Milina, Magnum Power, while Lucky Trader and Erdek departed from Odesa and Pivdenny, respectively.
In general, since the launch of the first ship with Ukrainian food, 7 million tonnes of foodstuffs have been exported, and the number of ships with food sent to Asia, Europe and Africa has reached 316.
On Friday, the UK announced its decision to expand sanctions against Russia in the field of IT technologies, audit services, and engineering.
The government’s message notes that, in particular, in the IT sector, consulting services for the Russian Federation will now be prohibited. It is also prohibited “to provide legal services for transactions in a number of commercial areas.” Restrictive measures apply to the advertising sector, auditing.
“The UK also bans the export to Russia of approximately 700 items of goods that are important for Russian industry and technology development,” the statement said.
It also notes that the British authorities have decided to summon Russian Ambassador to London Andrey Kelin to the British Foreign Office.
Mining enterprises of Ukraine in January-August of this year reduced the export of iron ore raw materials (IORM) in kind by 32.8% compared to the same period last year, to 20 million 10.602 thousand tons.
According to statistics published by the State Customs Service (STS), for the specified period, foreign exchange earnings from the export of iron ore decreased by 53.8% – to $ 2 billion 529.275 million.
Iron ore was exported mainly to Slovakia (19.82% of deliveries in monetary terms), Poland (16.49%) and the Czech Republic (15.95%).
During the reporting period, IORM was imported to Ukraine for $26 thousand in a total volume of 47 tons, while in January-August 2021, iron ore for $158 thousand was imported in a total volume of 1.175 thousand tons. Imports for January-August 2022 were carried out from Norway (46.15%), Great Britain (42.31%) and Italy (7.69%).
As reported, Ukraine in 2021 reduced the export of iron ore raw materials (IORM) in physical terms by 4.2% compared to 2020 – up to 44 million 357.727 thousand tons, but increased revenue by 62.8% – up to $6 billion 899.816 million The export of iron ore was carried out mainly to China (41.90% of supplies in monetary terms), the Czech Republic (9.65%) and Poland (7.99%).
Last year, IORM was imported to Ukraine for $184 thousand in a total volume of 1.202 thousand tons, while in 2020 123 tons of iron ore for $75 thousand were imported. Imports for 2021 were carried out from Egypt (55.98%), the Netherlands ( 21.2%) and Poland (7.07%).
