Business news from Ukraine

UKRAINE GETS RECORD GRAIN HARVEST THIS YEAR – MINISTER

Ukraine as of November 28 had threshed 74.3 million tonnes of grain and leguminous crops from an area of 15 million hectares, exceeding the result of the grain harvest for the whole of 2018, when the gross harvest amounted to 70.1 million tonnes. “Some 74.3 million tonnes of grain and leguminous crops were harvested from an area of 15 million hectares, or 98% of the forecast, with the average yield being 4.93 tonnes/ha (4.7 tonnes/ha in 2018),” Minister of Economic Development, Trade and Agriculture Tymofiy Mylovanov said on his Facebook page.
As reported, the Ministry of Economic Development, Trade and Agriculture predicts grain harvest in 2019 at the level of 74 million tonnes, including 28.1 million tonnes of wheat and 35 million tonnes of corn.

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HARVEST OF GRAIN CROPS IN UKRAINE IN 2019 WILL BE 74 MLN TONNES

The harvest of grain and leguminous crops in Ukraine in 2019, according to preliminary data, will be about 74 million tonnes, which is 4 million tonnes more than in 2018, Economy Minister Tymofiy Mylovanov has stated.
“In particular, wheat will amount to 28.1 million tonnes (3.5 million tonnes more), corn to 35 million tonnes (800,000 tonnes less), and barley to 8.9 million tonnes (1.6 million tonnes more),” he wrote on Facebook.

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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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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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BAYADERA GROUP CUTS GRAPE HARVEST BY 16%

Bayadera Group, one of the largest alcohol companies in the Ukrainian market, finished the grape harvesting season in Koblevo (Mykolaiv region), harvesting over 10,500 tonnes, which is 16% lower than 2018, the press service of the group has said.
According to the report, this year they harvested 400 tonnes of grapes per day, which is a record for Koblevo.
“Summer 2019 was not very favorable for Ukrainian winegrowers – dry and hot without rain – not typical for the Black Sea coast. However, the advantage of the current harvest is not quantity, but quality: thanks to the dry season, the entire crop is fully ripe and this will influence the quality of the wine,” the group said.
About 70% of grapes was harvested by hand, for the Select i Reserve wine lines, 270 people were involved in selective harvesting. Now the grape processing season is passing, after ripening in the winery, wine, starting in January 2020, will be on shelves.
In Koblevo, the Bayadera Group on the territory of more than 2,000 hectares grows 16 European and local varieties of grapes.
Bayadera Group was established in 1991. The company owns such assets in the alcohol industry as distribution companies and alcohol production facilities in Ukraine and Belarus. It produces wine, vermouth and cognac and is the exclusive importer of international alcohol brands in Ukraine.
The main trademarks are Persha Gildiya, Kozatska Rada, Hlibny Dar, Koblevo, Marengo, and others.
Its owners are Natalia Bondareva and Sviatoslav Nechytailo.

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UKRAINE’S AGRICULTURAL POLICY AND FOOD MINISTRY REVISES UPWARDS FORECAST FOR GRAIN HARVEST TO 71.1 MLN TONNES

Ukraine’s Agricultural Policy and Food Ministry has revised upwards its forecast for grain harvest in 2019 from 70.8 million tonnes to 71.1 million tonnes, the ministry reported on its website. The wheat production will total 27.8 million under the ministry’s forecasts.
According to the ministry, in September the ministry and market participants will decide on acceptable balance of grain exports and will sign a memorandum of understanding over the volume of grain exports in 2019/2020 agricultural year.
“The main document of the memorandum, the so-called agreement of understanding for 2019/2020 agricultural year, will be sent to all participants of the grain market before the end of this week,” the ministry said.
As reported, Agricultural Ministry and grain market participants in August 2018 memorandum envisaged 16 million tonnes of wheat export for 2018/2019 agricultural year against 16.5 million tonnes envisaged for a previous marketing year.

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