Business news from Ukraine

Business news from Ukraine

FOOD AND GRAIN CORPORATION DOUBLES GRAIN SHIPMENT TO CHINA NATIONAL COMPLETE ENGINEERING CORPORATION

PJSC State Food and Grain Corporation of Ukraine in the 2017/2018 marketing year (MY, July-June) shipped more than one million tonnes of grain to China National Complete Engineering Corporation (CCEC), which is twofold more than for the previous MY.
According to a report on the website of the state corporation, the corporation through its main partner CCEC exports grain to Austria, France, Portugal, the Netherlands, Italy, Egypt, Algeria, Bangladesh, and Tunisia.
The government in August 2010 decided to create the State Food and Grain Corporation of Ukraine. The corporation has a chain of branches, comprised of grain storage facilities, flourmills, fodder factories and a cereals factory. The 53 subdivisions of the corporation can store a total of 3.75 million tonnes of grain, which includes the grain handling capacities of Odesa and Mykolaiv ports of some 2.5 million tonnes of grain cargo per year.

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UKRAINE EXPORTS 891,000 TONNES OF GRAIN

Ukraine since the beginning of the 2018/2019 marketing year (MY, July-June) and as of July 18 had exported 891,000 tonnes of grain.
According to the Ministry of Agrarian Policy and Food, to date the country exported about 278,000 tonnes of wheat, 269,000 tonnes of barley, and 344,000 tonnes of corn.
In addition, 1,900 tonnes of flour had been exported on that date.
As reported with reference to the ministry, according to preliminary data, Ukraine in the 2017/2018 MY (July-June) exported 39.4 million tonnes of grain.

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WORLD’S LARGEST EXPORTER OF SUNFLOWER OIL KERNEL RAISES OIL SALES BUT CUTS GRAIN SALES IN 2018

Kernel, one of the largest Ukrainian agricultural groups, in the fiscal year of 2018 (FY, July-June), reduced grain sales by 8.2% compared to the previous FY, to 4.646 million tonnes. According to the company’s website, sales of bulk sunflower oil in the 2018 FY increased by 20.1%, to 1.301 million tonnes, bottled sunflower oil decreased by 9.7%, to 118.6 million liters.
During this period, the holding processed 3.136 million tonnes of sunflower seeds, which is 6% more than in the 2017 FY.
In April-June of the 2018 FY sales of bulk oil increased by 37.3%, to 386,640 tonnes, bottled sunflower oil decreased by 16.3%, to 32.8 million liters compared to the same period last year.
Grain sales in the fourth quarter of the 2018 FY rose by 64.3% over the same period last FY, to 1.573 million tonnes.
Grain transshipment at the group’s export terminals in the 2018 FY decreased by 0.6%, to 6.06 million tonnes, in the fourth quarter it increased by 12.6%, to 1.61 million tonnes.
Kernel is the world’s largest producer and exporter of sunflower oil, the leading producer and supplier of agricultural products from the Black Sea region to the world markets.

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AGRARIAN FUND IN Q2 SELLS 18,700 TONNES OF GRAIN, 34,200 TONNES OF FLOUR

PJSC Agrarian Fund sold 700 tonnes of grain, 34,200 tonnes of flour and 103,000 tonnes of mineral fertilizers in April-June 2018, the Ministry of Agrarian Policy and Food reported on the website. In the second quarter of this year, the Agrarian Fund’s revenue amounted to UAH 1 billion, the company’s net profit after the payment of corporate profit tax was UAH 2.2 million against an expected loss of UAH 28 million, it said.
The ministry says that flour was sold by the Agrarian Fund in wholesale and retail batches, including in retail outlets under its own brand.

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SWISS RISOIL RAISES GRAIN TRANSSHIPMENT BY 20,000 TONNES IN 2017/2018 MY

Risoil S.A. increased grain transshipment by 20,000 tonnes of grain per day, to 1.64 million tonnes, in the 2017/2018 marketing year (July 2017 through June 2018).
“Risoil increased oil transshipment by 11% as compared to last season. As for grain and products of processing, the results stably exceeded planned 1.5 million tonnes. The group transshipped 1.62 million tonnes of grain plus products of processing in the 2016/2017 season and 1.64 million tonnes in the 2017/2018 MY,” the group said in a post on its Facebook page.
Risoil S.A. was established in Geneva (Switzerland) in 2000. Its core business is logistics of oil, bulk and general cargo in the ports of the Black Sea, sale and production of vegetable oils, trade in grain and oilseeds in containers, storage and processing of agro-industrial products.
Risoil Terminal in Chornomorsk seaport was commissioned in 2016.

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UKRAINE HARVESTS 6.2 MLN TONNES OF GRAIN BY JULY 6

Ukraine by July 6 harvested 6.2 million tonnes of early grain and legumes from 2.09 million hectares (22% of the planned area) with a yield of 2.96 tonnes per hectare.
In particular, farmers harvested 3.77 million tonnes of winter wheat from 1.26 million hectares (20% of the forecast) with a yield of 3 tonnes per hectare, 4,900 tonnes of spring wheat from 1,900 hectares (1%) with a yield of 2.51 tonnes per hectare, Ukraine’s Ministry of Agrarian Policy and Food said on Friday.
Some 2.11 million tonnes of winter barley was harvested from 631,500 hectares (76%) with a yield of 3.35 tonnes per hectare, 138,900 tonnes of spring barley from 73,900 hectares (5%) with a yield of 1.88 tonnes per hectares, and 171,500 tonnes of peas from 126,800 hectares (30%) with a yield of 1.35 tonnes per hectare.
In addition, 22 regions continue winter rapeseed harvesting: they have already threshed 756,300 tonnes of rapeseeds from 353,400 hectares (36% to the forecast) with a yield of 2.14 tonnes per hectare.
As of July 6, the harvesting campaign was under way in almost all regions of Ukraine, except for Kharkiv and Chernihiv regions.
The ministry predicts Ukraine will harvest over 60 million tonnes of grain in 2018. Last year, some 61.3 million tonnes of grain was gathered.

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