AllSeeds Group, one of Ukraine’s largest producers of sunflower oil and meal, has stopped buying raw materials for processing and finished products for export due to delays of ships in ports during the implementation of a new system of export security, the head of the group Vyacheslav Petrishche said on Facebook.
He recalled that on the initiative of the Verkhovna Rada Committee on Finance, Tax and Customs Policy from December 1 began to operate the export security regime to operations for the export of certain types of agro-commodities, which provides a new procedure for customs clearance of export cargoes.
“Well a good thing it seems. Allegedly to combat the shadow market and return currency to the country. I am personally unequivocally in favor of it. I have always been, am and will be against the shadow market. But can it be done not to the delight of the enemy during the bombings, but for the good of the motherland? (…) If you introduce a new procedure, can it be tested first? Will it work at all?” – wrote Petrishche.
According to his information, the authorities issued permits for loading agro-products with all necessary checks on November 29 (before the introduction of the new system – IF-U). Large ships entered Odessa seaports, carried out loading for several days and waited a long time for registration.
“Did you put all this goodness under the berths on purpose for inspection? So that the enemy could take better aim???? (…) during the war I would call it sabotage, you can’t think of anything else. (…) Well, let these boats go (the law has no retroactive effect) and do not launch new ones (and they are already waiting) until exporters submit export documents properly executed according to the new procedure”, – said the head of the AllSeeds group of companies.
Petrische drew attention to the growing losses of companies due to ship demurrage and pointed to safety problems during the downtime in the transition period when implementing the new agro-export system.
“Our company has stopped buying raw materials for processing and finished products for export. It is better to let people go home and sit with their money than to take the risk that if you are not the enemy, you will be “sheltered” by your own people. I recommend it to everyone,” Petrishche emphasized.
He reminded the head of the parliamentary finance committee, Daniil Hetmantsev, that the road to hell is paved with good intentions, and recommended him to “ruin the whole economy” on his own.
“God grant him health, and God grant the country to survive it! (…) It’s a shame for the State,” summarized the head of the AllSeeds group of companies.
Allseeds Group is one of the five largest Ukrainian producers and exporters of vegetable oils and meal. It owns an oilseed processing plant with a capacity of 2200 MT per day of sunflower seeds (or 1500 MT per day of rapeseed or 1 day of soybeans), which is located in the port “Yuzhny” (Odessa region).
Allseeds also provides transshipment services for vegetable oils and oilseed meal at its terminals in Yuzhny. The capacity for simultaneous storage of vegetable oils is more than 100 thousand tons, and of oil meal – 30 thousand tons.
In Ukraine in January-October 2024 legal production of alcohol increased by 35.4% or $6.2 million compared to the same period last year, said the head of the parliamentary committee on finance, tax and customs policy Daniil Getmantsev.
“An interesting figure to the issue of detenization of the alcoholic beverage market. In the first 10 months of this year, the legal production of alcohol in the country increased by 35.4%, or $ 6.2 million, compared to the first 10 months of 2023,” he wrote in his Telegram channel on Thursday, expressing confidence that the industry has detenized.
The head of the Finance Committee thanked the State Tax Service for the work done on detinization of the alcohol market.
Ukrainian traders report a new wave of price cuts for imported tomatoes. Short-term, but noticeable increase in prices last week was one of the reasons for a sharp decline in demand for Turkish tomatoes from buyers, analysts of the project EastFruit. Also, the project experts note that this week only single batches of local greenhouse vegetables were on sale, due to the fact that the majority of greenhouse farms in Ukraine have already completed the season of realization.
At the same time, the supply of imported tomatoes in the Ukrainian market continued to increase gradually, which was the main reason for the price decrease in this segment. Thus, today greenhouse tomatoes are on sale at UAH 70-80/kg ($1.68-1.92/kg), which is on average 11% cheaper than at the end of the last working week. The main reason for the negative price trend in the segment of greenhouse tomatoes, producers call a sharp decline in demand for this product, as well as the quality of vegetables offered.
It should be added that today imported tomatoes in Ukraine are already sold on average 54% more expensive than in the same period last year. However, most representatives of wholesale companies do not exclude further price reduction. According to traders, if the current sales rates are maintained, they will be forced to concede in price again in order to prevent the accumulation of unsold products in warehouses.
You can get more detailed information about the development of the market of greenhouse tomatoes and other horticultural products in Ukraine by subscribing to the analytical weekly EastFruit Ukraine Weekly Pro. Detailed information about the product can be found here.
The Franco-Ukrainian Chamber of Commerce and Industry (CCIFU) gathered CCIFU members, diplomats, friends and partners in Kyiv at the Parkovy Exhibition and Convention Center for its traditional annual Beaujolais Nouveau charity event. For the second year in a row, CCIFU will support the UNBROKEN Ukraine Foundation and its project “Prostheses for the unbroken”.
This year, the Franco-Ukrainian Chamber of Commerce and Industry also celebrates an important anniversary – 30 years of activity in Ukraine!
The event was held under the high patronage and with the participation of the Ambassador Extraordinary and Plenipotentiary of France to Ukraine, Mr. Gael Vessier, and gathered about a thousand guests.
Every year, on the third Thursday of November, all of France celebrates Beaujolais Nouveau, a festival of young wine that marks the end of the grape harvest and the beginning of a new wine year.
At this time, in the small Beaujolais region, located in the north of Lyon, one of the first grapes to ripen is the Gamay variety, which is black with white flesh.
Beaujolais nouveau wine is different from other wines in that it goes on sale immediately after the fermentation process, six weeks after harvest, and is stored for no more than six months. The tradition of this celebration was born in 1951.
The Franco-Ukrainian Chamber of Commerce and Industry in Ukraine (Chambre de commerce française en Ukraine, CCIFU) is a non-profit association designed to promote the growth of French companies’ investments in the Ukrainian economy and create favorable conditions for the development of French companies present on the Ukrainian market or wishing to start their business in Ukraine.
The Franco-Ukrainian Chamber of Commerce and Industry in Ukraine unites more than 130 companies from the agricultural sector (Limagrain[en], Euralis, Mas Seeds), banking (Credit Agricole, Ukrsibbank), automotive industry (Renault, Michelin), machine building (Schneider Electric), hospitality (InterContinental Kyiv), tourism and entertainment (France Groupe, Club Med), healthcare (Sanofi), transportation (Air France), trade and other services (Auchan, L’Oreal, Chanel, Danone, Lactalis, Leroy Merlin).
This week Ukrainian producers have had the opportunity to increase prices for onions, analysts of the EastFruit project report. According to the farmers themselves, they manage to increase prices for this product due to a noticeable increase in demand. At the same time, the supply of quality onions on the market is quite limited, as many farms continue to refrain from selling these products from storage.
It should be noted that the price growth is observed only in the segment of high quality products, when the supply of medium and low quality vegetables has noticeably decreased. Today, Ukrainian farms offer quality onions for sale in the range of 12-17 UAH/kg ($0.29-0.41/kg), which is on average 35% more expensive than at the end of last week.
Thus, currently onion prices in Ukraine already exceed last year’s figures for the same period by an average of 16%. But, market analysts note that this situation is somewhat artificial and is due to the fact that many farms simply refuse to sell at current prices, thereby creating an even more significant shortage of these vegetables in the market.
If we compare the situation on the onion market with other countries of the project monitoring region, then by the end of this week this vegetable in Ukraine may lead the rating with the highest prices. According to experts, if this trend on the market strengthens, import of onions to Ukraine in the current season may start earlier than traditional terms.
You can get more detailed information about the market development of onions and other horticultural products in Ukraine by subscribing to the operative analytical weekly – EastFruit Ukraine Weekly Pro. Detailed information about the product can be found here.
Germany’s Angela Merkel recalls tricky dealings with world leaders from Donald Trump to Vladimir Putin during her 16-year chancellorship in her frank memoirs, published as her legacy comes under intense scrutiny.
Here are some quotes from “Freedom: Memories 1954-2021” according to extracts released in Die Zeit weekly before next week’s official publication:
RUSSIAN PRESIDENT VLADIMIR PUTIN
“Someone who was always on his guard to avoid being treated badly and always ready to dish it out, including power games with dogs and making others wait for him. You could find all this childish, reprehensible. You could shake your head at it. But it didn’t take Russia off the map.”
“He was not interested in building democratic structures or prosperity for a well-functioning economy in his country or elsewhere. Rather, he wanted to counter the fact that the United States had emerged victorious from the Cold War. He wanted Russia to remain an indispensable pole in a multipolar world after the end of the Cold War. To achieve this, he primarily drew on his experience in the security services.”
WRANGLING OVER UKRAINE AT NATO SUMMIT IN BUCHAREST, 2008:
“I thought it was an illusion to assume that the Membership Action Plan (MAP) status would have given Ukraine and Georgia protection from Putin’s aggression, that this status would have had a deterrent effect to the extent that Putin would have accepted the developments without doing anything.
“Would it have been conceivable that NATO member states would have responded militarily – with material as well as troops – and intervened? Would it have been conceivable that I, as Federal Chancellor, would have asked the German Bundestag for such a mandate for our Bundeswehr as well and would have received a majority in favour?”
“In another context, which I no longer remember in detail
he (Putin) later said to me: “You won’t be Chancellor forever. And then they’ll become a member of NATO. And I want to prevent that.” And I thought: You won’t be president forever either. Nevertheless, my worries about future tensions with Russia in Bucharest had not diminished.”
ON DONALD TRUMP
“He saw everything from the perspective of the property developer he was before entering politics. Each parcel of land could only be sold once, and if he didn’t get it someone else did. That’s how he saw the world.”
“For years, the many German cars on the streets of New York had been a thorn in his side. That Americans were buying them could, in his opinion, only be due to dumping prices and alleged exchange rate manipulation between the euro and the dollar.”
She wrote how Trump did not shake her hand for photographers at a White House meeting in 2017 even after she whispered to him that they should. “As soon as I said that, I shook my head inwardly at myself. How could I have forgotten that Trump knew exactly what effect he wanted to achieve.”
“He was obviously very fascinated by the Russian president. In the years that followed I had the impression that politicians with autocratic and dictatorial traits captivated him.
“We talked on two different levels. Trump on an emotional level, me on a factual one. For him, all countries were in competition with each other, in which the success of one was the failure of the other. He did not believe that co-operation could increase the prosperity of all.”
CHILDHOOD AND LIFE IN COMMUNIST EAST GERMANY:
“Life in the GDR was a constant life on the edge. Even if a day began in a carefree manner, everything could change in a matter of seconds if political boundaries were transgressed… the state knew no mercy. Finding out exactly where these boundaries lay was the real art of living. My somewhat conciliatory character and my pragmatic approach helped me.”
She described a sense of superiority “because, despite everything, this state did not manage to deprive me of something that made me live, feel and sense: a certain degree of carefreeness.”
