Business news from Ukraine

Business news from Ukraine

UKRAINE’S FOREIGN TRADE IN GOODS (EXPORTS), JAN–APR, 2019

Ukraine’s foreign trade in goods (exports), jan–apr, 2019

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MAIN MARKETS FOR UKRAINIAN ELECTRICITY EXPORTS ARE HUNGARY, SLOVAKIA AND ROMANIA

Ukraine in January-May 2019 increased electricity exports by 2.3% (by 60 million kWh) compared to the same period in 2018, to 2.713 billion kWh, the Ministry of Energy and Coal Industry has told Interfax-Ukraine. Electricity supplies from the Burshtyn TPP Energy Island in the direction of Hungary, Slovakia and Romania increased by 9.6% (by 161.2 million kWh), to 1.847 billion kWh.
Electricity supplies to Poland decreased by 15.2% (by 99.9 million kWh), to 556.6 million kWh.
Electricity supplies to Moldova amounted to 309.5 million kWh, which is 0.4% (1.2 million kWh) less than in January-May 2018.
For the five months of 2018 and 2019, Ukrainian electricity was not exported to Belarus and Russia.
In addition, in the first five months of this year, Ukraine imported 11.8 million kWh of electricity from the Russian Federation and Belarus compared to 14.8 million kWh in January-May 2018.

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UKRAINE EXPORTS 49 MLN TONNES OF GRAIN SINCE START OF MARKETING YEAR

Ukraine since the beginning of the 2018/2019 marketing year (MY, July-June) and as of June 21, 2019 had exported 48.902 million tonnes of grain and leguminous plants, which is 26.3% more than on the same date of the previous MY.
According to the Ministry of Agrarian Policy and Food, farmers exported 29.2 million tonnes of corn, 15.5 million tonnes of wheat, and 3.5 million tonnes of barley.
They also exported 289,600 tonnes of flour on the indicated date.
As reported, with reference to the ministry, Ukraine exported 39.4 million tonnes of grain in the 2017/2018 MY.

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UKRAINE COULD INCREASE GRAIN EXPORTS TO CHINA

Ukraine could increase grain exports to China in the 2019/2020 marketing year (MY, July-June), Olena Neroba, the adviser to the president of the Ukrainian Grain Association (UGA), has said at a press conference. According to her, China this year has experienced a significant reduction in the number of pigs due to ASF, and since substitution of pork with imports is quite expensive and time consuming, China is likely to compensate for the deficiency of protein in poultry. This factor and the trade war with the United States will lead to an increase in demand for barley and other grains, which Ukraine can take advantage of, Neroba said. If earlier practically the only importer of Ukrainian barley was Saudi Arabia, then the opening of a new market will allow increasing the volume of exports of this crop and raising the price.
She also noted that Ukraine this season has felt some U.S. influence on the Egyptian market, which is one of the main consumers of Ukrainian corn. According to the expert, although the absolute figures of exports to Egypt increased slightly compared to last year, however, the share of Egypt in in the structure of Ukrainian grain exports declined.

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UKRAINE EXPORTS 48.3 MLN TONNES OF GRAIN IN 2018/2019 MARKETING YEAR

Ukraine since the beginning of the 2018/2019 marketing year (MY, July-June) and as of June 14, 2019 had exported 48.3 million tonnes of grain and leguminous plants, which is 26% more than on the same date of the previous MY.
According to the Ministry of Agrarian Policy and Food, farmers exported 28.6 million tonnes of corn, 15.4 million tonnes of wheat, and 3.5 million tonnes of barley.
Some 283,000 tonnes of flour had been also exported on this date.
As reported, with reference to the ministry, Ukraine exported 39.4 million tonnes of grain in the 2017/2018 MY.

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U.S. DEPARTMENT OF AGRICULTURE PREDICTS GROWTH IN EXPORTS OF UKRAINIAN RAPESEEDS

The U.S. Department of Agriculture (USDA) has predicted growth in exports of rapeseeds from Ukraine in 2019/2020 agricultural year (September-August) by 1 million tonnes year-over-year, to 3.5 million tonnes.
According to a June report of USDA, the forecst for exports of oilseeds was revised downwards to 5.55 million tonnes (a decrease by 10,000 tonnes compared with the May report), that for oilseed crushing – to 16.7 million tonnes (a decease by 10,000 tonnes).
USDA also slightly reviewed downwards the forecasts for 2019/2020 agri-year for export of Ukrainian vegetale oil, to 6.1 million tonnes (a decrease by 2,000 tonnes) and oilseed cake, to 5.92 million (a decline by 8,000 tonnes).
USDA in June left unchanged the forecast for exports of sunflower seeds for 2019/2020 agri-year: it would be 150,000 tonnes, meal – 4.7 million tonnes and oil – 5.6 million tonnes.
USDA reviewed downwards the forecast for Ukrainian soybeans: exports of soybean meal to 1.9 million tonnes (a decrease by 100,000 tonnes), exports of soybeans – to 1 million tonnes (a decline by 80,000 tonnes over the smaller volumes of its production).
The USDA’s forecast for oilseed crushing in Ukraine for this season is 16.65 million tonnes, oilseed exports – 5.15 million tonnes, meal exports – 5.17 million tonnes and vegetable oil exports – 6.21 million tonnes.

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