Business news from Ukraine

Business news from Ukraine

UKRAINE INCREASES EXPORTS OF ELECTRICITY TO POLAND, HUNGARY, SLOVAKIA, ROMANIA AND DECREASES TO MOLDOVA

Ukraine in January-October 2018 increased electricity exports by 13.5% (by 600.5 million kWh) compared to the same period in 2017, to 5.05 billion kWh, the Ministry of Energy and Coal Industry has told Interfax-Ukraine. The supply of electricity from the Burshtyn TPP energy island towards Hungary, Slovakia and Romania increased by 15.6% (by 419.4 million kWh), to 3.103 billion kWh.
Export of electricity to Poland increased by 57.6% (by 424.6 million kWh), to 1.161 billion kWh.
Electricity supplies to Moldova amounted to 785.5 million kWh, which is 23.7% (243.5 million kWh) less than in January-October 2017.
Ukrainian electricity was not exported to Belarus and Russia in January-October 2017 and January-October 2018.
At the same time, in October 2018, export of Ukrainian electricity amounted to 532.4 million kWh, which is twice more than in October 2017 (267.4 million kWh).
In addition, Ukraine in January-October 2018 imported 26.489 million kWh of electricity.

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UKRAINE EXPORTS 16.6 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 November 21 had exported 16.58 million tonnes of grain, which is almost 4.9% more than on the same date of the previous MY.
According to the Ministry of Agrarian Policy and Food, the country exported 8.8 million tonnes of wheat, 3 million tonnes of barley, and 4.4 million tonnes of corn.
In addition, 82,500 tonnes of flour had been exported on that date.
As reported, with reference to the ministry, Ukraine exported 39.4 million tonnes of grain in the 2017/2018 MY. Grain exports in the 2018/2019 MY are projected to be 42.5 million tonnes.

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UKRAINE EXPORTS ELECTRICITY FOR $266 MLN IN JAN-OCT

Ukraine in January-October 2018 exported electricity worth $266.113 million, including $28.728 million in October alone.
Hungary bought electricity worth $154.69 million, Poland $62.684 million, Moldova $42.169 million, other countries $6.57 million, Ukraine’s State Fiscal Service has said.
Exports of Ukrainian electricity in monetary terms in January-October 2018 increased by 27.1% compared to the same period in 2017 ($209.293 million).
Over the period under review, Ukraine imported electricity worth $1.22 million, in particular, electricity imports from the Russian Federation were estimated at $1.156 million, from Belarus at $0.058 million, from Moldova at $0.006 million.
As reported, Ukraine plans in 2018 to increase exports of electricity to the EU and Moldova by 13.3% from 2017 to 5.855 billion kWh. According to the forecast for 2018, deliveries from the Burshtyn TPP energy island to Hungary, Slovakia, Romania will be 3.6 billion kWh, to Poland 1.2 billion kWh, and to Moldova 1.055 billion kWh.

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FARMAK PLANS TO BOOST EXPORTS TO 40% IN FIVE YEARS

Farmak plans to boost exports to 40% of total sales in coming five years, PJSC Farmak CEO Volodymyr Kostiuk has said, speaking about the company’s entrance the Australian market at the Ukrainian Pharmaceutical Forum in Kyiv. According to him, in 2015, negotiations were held with representatives of an international company with the office in Australia. And in 2017, Farmak shipped the first batch to this country.
“It took us a little time to enter this market [Australia]. After all, our products meet the high requirements that are needed to deliver products to this region… Having a certificate from the Australian regulator facilitates access to other markets. Our goal is to increase exports in the sales structure up to 40% in the next five years,” Kostiuk said, adding that the company’s closest horizons are the EU countries (Germany, the U.K.), the United States, Mexico, and the United Arab Emirates.
According to the company’s press service, the share of sales to the regions of Australia and Oceania in Ukrainian exports of pharmaceutical products is only 0.3%. This is due to the fact that the Australian market is considered well regulated – at the level of the United States, the EU, so few Ukrainian companies can ship their products to Australia.
Farmak is a member of the Association Manufacturers of Medications of Ukraine (AMMU).

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U.S. DEPARTMENT OF AGRICULTURE IMPROVES FORECAST FOR SOYBEAN EXPORTS FROM UKRAINE

The U.S. Department of Agriculture (USDA) in November improved the forecast for soybean exports from Ukraine for the 2018/2019 marketing year (MY, September-August) by 5%, or 150,000 tonnes compared to the September forecast, to 3.1 million tonnes. According to a report on the website of the American department, the USDA increased the forecast for oilseed exports from Ukraine by 100,000 tonnes, to 5.7 million tonnes, processing by 50,000 tonnes, to 15.55 million tonnes. The USDA forecast for meal exports was adjusted upward by 80,000 tonnes, to 5.15 million tonnes, oil by 20,000 tonnes, to 5.85 million tonnes.
According to the USDA forecasts, in the 2018/19 MY sunflower seed production in Ukraine will increase by 9.5% compared to the previous marketing year, to 15 million tonnes, meal by 6%, to 5.98 million tonnes, and oil also by 6%, to 6.2 million tonnes.
The export of sunflower seeds in the 2018/2019 MY could increase by 2.6 times, to 100,000 tonnes, meal by 8.5%, to 4.6 million tonnes, oil by 5%, to 5.6 million tonnes.
The USDA lowered the forecast for global production of oilseeds this month to 599.6 million tonnes (604 million tonnes in the September forecast).

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