Business news from Ukraine

Business news from Ukraine

UKRAINE THRESHES 57.5 MLN TONNES OF GRAIN BY OCT 18

Ukraine as of October 18 had threshed 57.5 million tonnes of grain and leguminous crops from an area of 12.9 million hectares (84% of the forecast) with the average yield being 4.46 tonnes per hectare (ha), the Ministry of Agricultural Policy and Food has reported.
According to the ministry, farmers harvested 17.7 million tonnes of corn from 2.7 million ha (54%), 150,000 tonnes of millet from 80,000 ha (89%), 85,000 tonnes of buckwheat from 64,000 ha (94%). The harvest of early grain and leguminous crops was 39.2 million tonnes from 9.96 million ha.
In addition, farms threshed 13.1 million tonnes of sunflower from 5.8 million ha (93%), 3.2 million tonnes of soybeans from 1,400 ha (88%), 5.6 million tonnes of sugar beets from 129,000 ha (58%).
As of October 18, Ukrainian farmers had sowed winter crops on 6.2 million ha, or 86% of the forecast, including 5.4 million ha with wheat (86%), 112,000 ha with rye (92%), and 738,000 ha with winter barley (80%).
In addition, winter rapeseeds were planted on an area of 1.1 million ha, or 99% of the forecast.

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UKRAINE EXPORTS 16 MLN TONNES OF GRAIN SINCE START OF 2019/2020 MARKETING YEAR

Ukraine since the beginning of the new 2019/2020 marketing year (MY, July-June) and as of October 18, 2019 had exported 16.106 million tonnes of grain and legumes, which is 40.8% more than on the same date of the previous MY.
According to the Ministry of Agrarian Policy and Food, to date, Ukraine exported 10.06 million tonnes of wheat, 3.05 million tonnes of barley, and 2.76 million tonnes of corn.
As of October 11 this year, some 99,000 tonnes of flour had been also exported.
As reported, with reference to the ministry, in the 2018/2019 MY Ukraine exported a record 50.4 million tonnes of grain, legumes and flour, which is 23% more than in the previous MY.
The U.S. Department of Agriculture (USDA) in September raised its forecast for grain exports for the 2019/2020 MY by 400,000 tonnes compared with the August forecast, to 54.44 million tonnes.

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HARVEST OF GRAIN IN UKRAINE IN 2019 COULD RAISE TO 71.8 MLN TONNES

The harvest of grain and leguminous crops in Ukraine in 2019, according to preliminary data from the regions, could reach 71.8 million tonnes, which is 1.7 million tonnes more than in 2018, the Ministry of Agrarian Policy and Food has reported. According to the agency, wheat production may increase by 3.5 million tonnes, to 28.1 million tonnes, the yield of barley by 1.6 million tonnes, to 8.9 million tonnes, oats by 26,000 tonnes, to 444,000 tonnes, millet by 84,000 tonnes, to 165,000 tonnes.
At the same time, the ministry expects the reduction in the harvest of corn by 3 million tonnes, to 32.8 million tonnes, peas by 203,000 tonnes, to 572,000 tonnes, rye by 60,000 tonnes, to 333,000 tonnes, buckwheat by 52,000 tonnes, to 85,000 tonnes, rice by 6,000 tonnes, to 63,000 tonnes.
In addition, the forecast for rapeseeds in 2019 was raised by 472,000 tonnes, to 3.2 million tonnes, for sunflower seeds decreased by 589,000 tonnes, to 13.6 million tonnes, soybeans by 827,000 tonnes, to 3.6 million tonnes.
The Ministry of Agriculture expects that 9.8 million tonnes of sugar beets will be harvested, which is 4.2 million tonnes less than in 2018.
The forecast for potato was reduced by 2.2 million tonnes, to 20.3 million tonnes, vegetables by 575,000 tonnes, to 8.9 million tonnes.

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KSG AGRO PLANS TO BOOST GRAIN, FLOUR EXPORT TO MIDDLE EAST, AFRICA COUNTRIES 2.8 TIMES IN 2020

KSG Agro next year plans to boost grain and wheat flour export to Oman, Qatar, Libya and Angola 2.8 times compared with 2019, to 50,000 tonnes.
The holding said in a press release that in 2019 KSG Agro plans to export up to 18,000 tonnes of grain and flour to these countries, and at present, 11,800 tonnes of goods have been delivered.
The company said that in 2019, the agricultural holding exported cereals and flour exclusively to Oman, Qatar, Libya and Angola.
“We are very interested in exporting to the markets of the Middle East and Africa, where there is a demand for our products. Expanding agricultural exports allows us to diversify sales channels and receive foreign exchange earnings, as well as increase margins,” KSG Agro Board Chairman Serhiy Kasianov said.
In 2018, KSG Agro delivered 5,000 tonnes of corn to Oman and Qatar, in 2019 the export of this crop to two countries amounted to 5,300 tonnes. In addition, this year, the agricultural holding exported feed barley to these two countries in the amount of 4,000 tonnes. Also in 2019, KSG Agro delivered 2,500 tonnes of wheat flour to Libya and Angola.
“Thus, the total export volume of agricultural products of the agricultural holding in 2019 increased 2.4 times compared to 2018,” KSG Agro said.
KSG Аgro is a vertically integrated agricultural group, working in almost all the segments of the agricultural market, including the production, storage, processing, and sale of agricultural products.

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UKRAINE EXPORTS MORE THAN 15 MLN TONNES OF GRAIN

Ukraine since the beginning of the new 2019/2020 marketing year (MY, July-June) as of October 11, 2019 had exported 15.096 million tonnes of grain and legumes, which is 4.6 million more than on the same date of the previous MY.
According to the Ministry of Agrarian Policy and Food, to date, Ukraine has exported 9.6 million tonnes of wheat, 3 million tonnes of barley, and 2.4 million tonnes of corn.
As of October 11 this year, farmers had exported 92,800 tonnes of flour.
As reported, with reference to the ministry, in the 2018/2019 MY farmers exported a record 50.4 million tonnes of grain, legumes and flour, which is 23% more than in the previous MY.
The U.S. Department of Agriculture (USDA) in September raised its forecast for grain exports for the 2019/2020 MY by 400,000 tonnes compared with the August forecast, to 54.44 million tonnes.

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GRAIN HARVEST IN UKRAINE COULD HIT RECORD OF 80 MLN TONNES

Deputy Governor of the National Bank of Ukraine (NBU) Dmytro Sologub has said that grain harvest in Ukraine this year could reach 80 milion tonnes compared with 70.1 million tonnes in 2018. “This year, grain crops harvest in Ukraine could hit a record of 80 million tonnes, and this is not a coincidence, not a factor of favorable weather conditions, but rather an increase in the effectiveness of the agricultural sector, which has invested a lot in updating machinery and technologies in recent years,” the NBU said in a message on its Facebook page citing the deputy NBU governor.
In addition, according to Sologub, 80 million tonnes of grain is not the limit, and land reform can contribute to a significant increase in crop yields in the coming years.
As reported with reference to the Ministry of Agricultural Policy and Food, this year the harvest in Ukraine may reach 71.1 million tonnes (of which wheat – 27.8 million tonnes) compared to 70.1 million tonnes in 2018.

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