Business news from Ukraine

UKRAINE REDUCES SOYBEAN PROCESSING BY 33%

Ukraine in the 2019/2020 MY (September-August) reduced the processing of soybeans by 33.4% due to the growth of their exports, against the doubling of processing soybeans in the 2018/2019 MY.
According to a report on the website of the Ukroliyaprom association, more than 1.8 million tonnes of soybeans, which is 70% of their total exports from Ukraine in 2019/2020, were exported in September-December 2019 (export growth during this period against the corresponding period in 2018 exceeded 250%). For the first time, enterprises were forced to import soybeans in Ukraine.
In the 2019/2020 the production of soybeans amounted to 3.7 million tonnes, of which 1.2 million tonnes were refined for oil, 2.63 million tonnes were exported (for $ 864.9 million). Deliveries were made to Turkey (31.6% share in total exports), the EU (26.6%), Egypt (16.6%) and other states, the association said.
“Due to the limited resources of soybeans, the production of soybean oil and meal in 2019/2020 MY decreased by 8.1% and 9.9%, respectively. A particularly significant decrease in the production of these goods was observed in January-August 2020, respectively by 14.6% and 16.8% (compared to the corresponding period in 2019),” Ukroliyaprom said.
According to the association, in the 2019/2020 MY, the export of soybean oil increased by 0.2%, the export of soybean meal decreased by 9.7%.
Ukroliyaprom’s forecast as of October 1, 2020 for the 2020/2021 MY provides for a decrease in the soybean yield by 18.9%, to 3 million tonnes and a reduction in soybean areas by 14.9%, to 1.34 million hectares.

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POLTAVA MINING AND PROCESSING PLANT INTENDS TO INCREASE CHARTER CAPITAL BY 62%

Poltava mining and processing plant (PGOK, Ferrexpo Poltava Mining, Horishni Plavni, Poltava region), the largest producer of iron ore pellets in Ukraine, by the decision of its sole shareholder, Swiss-based Ferrexpo AG, intends to increase its charter capital by 62.3%, or UAH 1.185 billion through an additional issue of shares without public offering.
The corresponding issue of shares was registered by the National Commission for Securities and the Stock Market of Ukraine on October 18.
At the time of the decision on the issue (July 31 of this year), the charter capital of PGOK amounted to UAH 1.902 billion and was divided into 191 million shares with a par value of UAH 9.96. The sources of increase in the charter capital are cash in foreign currency.
The term for the placement of shares is from October 4 to November 20 of this year.
As reported, Ferrexpo AG, which owned a 99.1167% stake in PGOK, in June of this year forcibly bought back shares from minority shareholders under a squeeze-out procedure and increased its stake to 100%. The buyback price amounted to UAH 34.24.
Ferrexpo Plc, which owns 100% of Ferrexpo AG, which in turn owns 100% of Poltava GOK and 100% of Yeristovo GOK, is traded on the London Stock Exchange (LSE).
Since the beginning of July this year, the price of Ferrexpo shares on the LSE fell by almost 2.1 times, to GBP1.354 per share, which is the lowest level since January 2017.

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SHEBELYNKA GAS REFINERY RAISES PROCESSING BY 7.6% IN H1

Shebelynka gas processing plant in Kharkiv region in January-June 2019 increased processing of crude oil by 7.6% (17,400 tonnes), compared to the same period in 2018, to 246,900 tonnes.
The Ministry of Energy and Coal Industry told Interfax-Ukraine that in June 2019 processing at the plant amounted to 40,300 tonnes, which is 6.1% (2,600 tonnes) more than in the same month last year.
For the six months, the plant increased production of petrol by 37.3% (by 21,800 tonnes), to 80,300 tonnes, fuel oil by 5.4% (by 2,300 tonnes), to 45,200 tonnes, but reduced diesel fuel by 27.2% (by 3,700 tonnes), to 17,300 tonnes.
The loading of the plant’s capacity through the aforementioned period of 2019 was 49.4% against 45.9% in 2018.
Ukrgazvydobuvannia, 100% owned by Naftogaz Ukrainy, is Ukraine’s largest gas producer, which provides about 75% of the total gas output in the country.
Ukrgazvydobuvannia operates Shebelynka gas refinery, Yablunivske department to process gas, Bazylivschyna condensate stabilization unit, and 19 filling stations in Kharkiv region. The latter sells fuel and liquefied gas of its own production.

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AFTER 50% PROCESSING OF E-PROTOCOLS: SERVANT OF THE PEOPLE – 42.4%, OPPOSITION PLATFORM – FOR LIFE – 12.8%, EUROPEAN SOLIDARITY – 8.6%, BATKIVSCHYNA – 8%, HOLOS – 6.3%

According to the results of 50.01% of the protocols processed, the Servant of the People Party with 42.45% of the vote, the Opposition Platform – For Life – 12.88%, European Solidarity – 8,64%, Batkivschyna – 8.01%, and Holos – 6.38% enter the Verkhovna Rada.
According to the CEC website, the remaining parties do not yet overcome the 5% pass barrier to parliament.

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SHEBELYNKA GAS REFINERY RAISES PROCESSING BY 6%

Shebelynka gas processing plant (Kharkiv region) in January-March 2019 increased processing of crude oil by 6% (by 7,000 tonnes) compared to the same period in 2018, to 122,800 tonnes.
The Ministry of Energy and Coal Industry told Interfax-Ukraine, in March 2019 processing at the plant amounted to 44,700 tonnes, which is 25.9% (9,200 tonnes) more than in the same month last year.
For the three months, the plant increased production of petrol by 53% (by 14,000 tonnes), to 40,400 tonnes, fuel oil by 31.5% (by 2,300 tonnes), to 9,600 tonnes, but reduced diesel fuel by 20.3% (by 4,700 tonnes), to 18,400 tonnes.
The loading of the plant’s capacity for the first quarter of this year was 49.1% against 46.3% in January-March 2018.

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UKRAINE INCREASES GRAPES PROCESSING BY 1.2% IN 2018

Grapes processing in Ukraine last year (excluding the temporarily occupied territory of Crimea and Sevastopol, part of the JFO area) increased by 1.2% compared with 2017, to 274,052 tonnes.
According to the State Statistics Service, out of the total amount of grapes processed for wine materials, 26.2% were actually harvested by enterprises, and the rest was purchased from households.
Odesa region last year processed 52.2% of grapes, Mykolaiv region some 35.8%, while Kherson 10.8% of the total volume.
Wine production in 2018 rose by 5.5% compared with 2017, to 19.75 million decaliters, of which 47% are table wine materials, 25.7% materials for champagne and sparkling wine, and 25.3% are wine materials for cognac.

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