Business news from Ukraine

Business news from Ukraine

UKRAINE HARVESTS 32% MORE GRAIN THAN YEAR EARLIER IN 2021

In 2021, Ukraine harvested 85.7 million tonnes of grain and leguminous crops, which is 32% higher than in 2020, including 32.07 million tonnes of wheat (28.9% more), 41.87 million tonnes of corn (38.2% more) and 9.42 million tonnes of barley (23.3% more). Such final data on harvest volumes for the last year are published on the website of the State Statistics Service of Ukraine. In addition, 593,900 tonnes of rye were harvested in Ukraine (30% more compared with 2020), 471,000 tonnes of oats (7.3% less), 204,200 tonnes of millet (20.2% less), 173,900 tonnes of sorghum (63.2% more), 106,000 tonnes of buckwheat (8.5% more), 48,600 tonnes of rice (20% less), 32,300 tonnes of triticale (7.8% less), as well as 681,000 tonnes of leguminous crops.
Among other agricultural crops in the country last year, 16.38 million tonnes of sunflower were harvested (25% more compared to 2020), 10.8 million tonnes of sugar beet (18.1% more), 3.5 million tonnes of soybeans (24.4% more), 2.92 million tonnes of rapeseed and 42,000 tonnes of oilseed flax (an increase of 3.7 times).
In terms of fruit and vegetable crops, Ukraine in 2021 harvested 21.35 million tonnes of potatoes (2.5% more compared to 2020), 9.93 million tonnes of vegetables (2.9% more), 6.8 million tonnes of fodder corn (3.0% more), 5.17 million tonnes of fodder beet (6% less), 2.24 million tonnes of fruit and berry crops (10.7% more) and 0.26 million tonnes of grapes (8.3% less).
Most of all last year, the area under fodder corn decreased by 19.1% compared to 2020, to 216,400 hectares, rice – by 12.0%, to 10,000 hectares, sorghum – by 11.9%, to 41,600 hectares, while the largest increase in areas was recorded under oil flax (growth by 1.95 times), to 27,400 hectares, rye – by a quarter, to 172,900 hectares and buckwheat – by 9%, to 92,000 hectares.
The yield of the vast majority of agricultural crops improved last year. In particular, the yield of wheat was 4.53 tonnes per ha (19% more compared with 2020), corn – 7.67 tonnes per ha (36.5% more), barley – 3.82 tonnes per ha (18.6% more), rye and triticale – 3.44 tonnes per ha (3.6% and 2.1% more respectively), oats – 2.63 tonnes per ha (2.7% more), sorghum – 4.16 tonnes per ha / ha (86% more), millet – 2.35 tonnes per ha (46% more), other legumes – 2.19 tonnes per ha (13.5% more).
Also, the yield of sugar beet was 47.76 tonnes per ha (15% more compared with 2020), fodder corn – 31.5 tonnes per ha (27% more), fodder beet – 29.44 tonnes per ha (2% more), vegetable crops – 21.54 tonnes per ha (4% more), potatoes – 16.64 tonnes per ha (6% more), fruit and berry crops – 11.86 tonnes per ha (12% more), grapes – 7.58 tonnes per ha (0.3% more), rapeseed – 2.92 tonnes per ha (27.0% more), soybeans – 2.64 tonnes per ha (+29% more), sunflower – 2.46 tonnes per ha (22% more), oil flax – 1.55 tonnes per ha (39% more).
At the same time, the yield of rice decreased to 4.91 tonnes per ha (8.1% less) and buckwheat – to 1.15 tonnes per ha (0.9% less).
Thus, the total harvest of all indicated agricultural crops in Ukraine last year amounted to 165.1 million tonnes, while the harvest of grain, leguminous and oilseeds indicated by the State Statistics Service was 108.5 million tonnes.

,

CHINA, EGYPT, TURKEY ARE MAIN IMPORTERS OF UKRAINIAN GRAIN IN 2021

Ukraine’s revenue from export of grain crops in 2021 amounted to $12.3 billion, the largest trading partners were China, which imported $2.55 billion, as well as Egypt ($1.39 billion) and Turkey ($0.92 billion), the Institute of Agrarian Economics (IAE) reported on its website on Thursday.
“2021 was characterized by the further strengthening of the position of China, which in 2020 for the first time took the top among 10 largest importers of Ukrainian grain. In four years, starting from 2018, this country has increased its grain purchases from Ukraine almost five times, to $2.55 billion. At the same time, China’s share in the value of domestic grain exports increased from 19.7% in 2020 to 20.7% in 2021,” the IAE said, citing expert Bohdan Dukhnitsky.
According to the IAE, last year Egypt increased imports of Ukrainian grains by 24%, from $1.12 billion to $1.37 billion, but its share of their total exports decreased from 11.9% to 11.2%.
“Turkey, which in 2020 ranked only sixth in the top 10, moved up to the third spot last year, increasing the value of purchases of Ukrainian grain to $0.92 billion. In addition, in 2021, there were changes in the top 10 largest buyers of grain from Ukraine: Iran and Pakistan pushed South Korea and Bangladesh out of the top 10,” the expert said in the IAE report.
Other major grain importers from Ukraine were Indonesia with $750 million, Spain with $645 million, the Netherlands with $552 million, Iran with $533 million, Pakistan with $355 million, Libya with $342 million and Tunisia with $306 million.
The IAE said that in total, these 10 countries had dominated in the value of all grain purchases in Ukraine in 2021 (their share was more than two thirds).
As reported, since the beginning of 2021/22 (July-June) and as of February 2, Ukraine exported 38.63 million tonnes of grain and leguminous crops (31.6% more compared to the same date of the previous year), including 17.08 million tonnes of wheat (30.4% more), 15.64 million tonnes of corn (32.6% more), 5.48 million tonnes of barley (38.7% more), 0.16 million tons rye (92 times more), 63,800 tonnes of flour (27.0% less).

, ,

MARIUPOL SEAPORT OPENS QUALITY CONTROL LAB AT GRAIN TERMINAL

Mariupol seaport (Donetsk region) on December 30 put into operation a laboratory to control the quality of transshipped grain crops, its launch became one of the stages of construction of a grain terminal in the port, the first stage of which should begin work in 2022 and will allow transshipment of up to 1 million tonnes of agricultural crops per year, according to the website of the state-owned enterprise.
“The management of Mariupol seaport expects to attract to the new terminal part of the export grain flows from the eastern and central regions of Ukraine next year. Negotiations with large agricultural companies are ongoing,” the company said in a statement.
The commissioned laboratory is certified in accordance with the requirements of international standard ISO 10012: 2005. The laboratory is capable of analyzing samples of wheat, barley, corn, peas, sorghum and oats.
As reported, the state-owned enterprise Ukrainian Sea Ports Authority (USPA), the agricultural exporter Cofco Agri Resources Ukraine, the state-owned enterprise Mariupol seaport and STT LLC signed a memorandum of cooperation on the development of the port of Mariupol in October 2019.
The memorandum provides for the implementation of an infrastructure project in the port of Mariupol, which will attract a total of more than UAH 1.3 billion of investments in infrastructure development and will increase cargo traffic through it by 2.3 million tonnes.
Within the framework of this document, it is planned to reconstruct two berths, a grain terminal and create a single transshipment complex for food and liquid food cargo.

, ,

UKRAINE PROCESSES ALMOST 80 MILLION TONS OF GRAIN AND LEGUMINOUS CROPS

Ukraine since the beginning of this season and as of November 25, 2021 has threshed 79.73 million tonnes (3.06 million tonnes more per week, November 18 through November 25) of the main grain and leguminous crops from an area of 15.19 million hectares, according to a report on the website of the Ministry of Agrarian Policy and Food on Friday.According to the ministry, the harvesting of grains and legumes has been completed in five regions: Dnipropetrovsk (4.81 million tonnes in total), Mykolaiv (3.79 million tonnes), Kherson (3.51 million tonnes), Donetsk (2.27 million tonnes) and Ivano-Frankivsk (0.93 million tonnes) region.At the same time, the leaders in harvesting were Vinnytsia with an indicator of 6.21 million tonnes, Poltava (5.57 million tonnes), Chernihiv (5.43 million tonnes), Odesa (5.13 million tonnes), Kharkiv (4.87 million tonnes), Dnipropetrovsk (4.81 million tonnes) and Cherkasy (4.31 million) regions.In total, 102.23 million tonnes (3.48 million tonnes more per week) of major cereals, legumes, oilseeds (as well as sugar beets dug out) have been harvested this season from a total area of 23.97 million hectares.As the ministry said, 35.07 million tonnes of corn from 4.78 million hectares (87% of the forecast) were harvested as of the indicated date.In addition, 16.17 million tonnes of sunflower (0.38 million tonnes more) were harvested from 6.47 million hectares (99% of the forecast).Farmers of Ukraine also dug up 10.53 million tonnes (0.28 million tonnes more) of sugar beet from 222,700 hectares (98% of the forecast).The ministry marked the end of the harvesting of buckwheat – 110,000 tonnes from 84,200 hectares.The Ministry of Agrarian Policy also reminded of the end of the harvesting of rapeseed, of which 2.91 million tonnes were harvested from an area of 1.01 million hectares, 182,800 tonnes millet were harvested from 77,600 hectares. In addition, the soybean harvest amounted to 3.42 million tonnes on 1.28 million hectares.The average yield of wheat as of November 25 was 4.62 tonnes per ha, barley – 3.91 tonnes per ha, corn – 7.325 tonnes per ha, sunflower – 2.497 tonnes per ha, soybeans – 2.673 tonnes per ha, rapeseed – 2.86 tonnes per ha, sugar beet – 47.29 tonnes per ha, peas – 2.419 tonnes per ha, buckwheat – 1.301 tonnes per ha, millet – 2.45 tonnes per ha.

, ,

UKRAINE EXPORTS 19 MLN TONNES OF GRAIN SINCE EARLY 2021/22 MY

Ukraine since the beginning of the 2021/2022 marketing year (MY, July-June) and as of October 29, exported 19.05 million tonnes of grain and leguminous crops, which is 19.3% more than the indicators for the same date of the previous year.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, 12.18 million tonnes of wheat have been exported (17.9% more compared to the same date 2020/2021 MY). Taking into account the restrictions on its export at the level of 25.3 million tonnes, introduced on October 19 by the Ministry of Agrarian Policy and Food, Ukrainian exporters can supply another 13.12 million tonnes of wheat to foreign markets (51.9% of the established limit).
In addition, during the specified period, Ukraine exported 4.36 million tonnes of barley (29.7% more than at the same date in 2020/2021 MY), 2.26 million tonnes of corn (1.8% more) and 42,900 tonnes of flour (30.5% less).
As of the indicated date, 55,000 tonnes of rye were also exported, which is 32 times more than the indicators of the last year.

,

PROMETEY GRAIN TRADER RAISES EBITDA TO $32.6 MLN IN 2020

Prometey group of companies in 2020 increased its EBITDA by 6.8% compared to 2019 – up to $32.6 million, according to the results of its financial audit conducted by the international company KPMG posted on the grain trader’s website.

At the same time, the company does not provide data on the profit/loss received in the past year.

Prometey in 2020 also increased its revenue by 14.8% compared to 2019 – to $254.2 million. Its assets as of December 31, 2020 amounted to $199.3 million.

“It is noted that Prometey group of companies in 2020 entered the top five (in Ukraine, 1.7 million tonnes of one-time storage) in terms of elevator capacities. In the last marketing year, the group also confirmed its title of one of the leaders in the agricultural sector, selling about 1 million tonnes of grains and oilseeds,” the grain trader said.

Prometey provides services for the storage, processing and logistics of grain and leguminous crops on the basis of 29 elevators in Mykolaiv, Kirovohrad, Kyiv, Khmelnytsky, Zaporizhia, Sumy, Odesa, Kherson and Dnipropetrovsk regions.

In 2021, Prometey Group plans to receive $45 million in EBITDA.

,