Business news from Ukraine

International research company Corteva Agriscience to raise export of corn seeds from Ukraine to EU by 16 times

The international research company Corteva Agriscience has established export supply chains for corn seeds from Ukraine to the EU, and in the context of the Russian military invasion plans to increase its exports to European countries by 16 times by the end of the year compared to last year.
According to a press release from the company, as of early August, it has already shipped 3,000 tonnes of corn seeds grown at its seed complex in Poltava region to the European Union.
The company clarified that, for security reasons, it suspended the operation of the seed plant immediately after the start of the Russian invasion of Ukraine, but at the initiative of the employees themselves, after some time, resumed the operation of the enterprise. The launch of its work made it possible to provide Ukrainian farmers with seed material that is critical for the sowing campaign.
Corteva, in the context of Russian aggression, also for security reasons, refused to supply seeds of Ukrainian production by land to the countries of the Caucasus and Central Asia, but expanded logistics to the EU as much as possible.
“On the production lines of the Corteva plant in Ukraine, high standards of seed production have been introduced, which allow us to produce goods that meet all the quality criteria adopted in the EU. Seeds are controlled by many indicators at all stages of production – from field to bag, and meet the maximum requirements of both Ukrainian, and foreign farmers choosing Corteva genetics,” the company said.
Earlier, in April, the company decided to leave the Russian market due to the military aggression of the Russian Federation against Ukraine.
Corteva Agriscience is a global agricultural company. It offers farmers comprehensive solutions to maximize yields and profitability. It has more than 150 research facilities and more than 65 active ingredients in the portfolio.

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Germany from September 1 changes rules of stay for citizens of Ukraine

The Federal Council of Germany has published a decision to change the rules for the stay of Ukrainian citizens in the country from September 1, 2022.

According to the decision of the government, from September 1, for citizens of Ukraine, the registration of the time spent in the country begins. All days of stay will be taken into account, starting from February 24. Those Ukrainians who stay in Germany for more than 90 days will have to receive temporary protection status or leave the country for the next 90 days.

At the same time, Ukrainians who arrive in Germany after September 1, 2022 will also be able to legally stay in the country for 90 days without having to apply for registration of temporary protection status.

Registration for citizens of Ukraine will be open throughout the war.

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Pope Francis considers visiting Ukraine

Pope Francis is considering visiting Ukraine to express his support, Ukrainian Ambassador to the Vatican Andriy Yurash said following the meeting on Saturday.
“I am very close to Ukraine and I want to express this closeness through my visit to Ukraine” – important words of Pope Francis, spoken during today’s meeting with the Holy Father. Ukraine has been waiting for the Pope for many years, especially since the beginning of the war, and will be glad to meet him before his trip to Kazakhstan,” Yurash wrote on Twitter.

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Next ships with Ukrainian grain loaded, ready to depart

Minister of Foreign Affairs of Ukraine Dmytro Kuleba said the next ships with Ukrainian grain are loaded and ready to depart.

“Next ships with Ukrainian grain are loaded and ready to depart. If Russia holds to its commitments under the UN-brokered grain initiative, they will reach foreign customers and help tame food prices and avert hunger. Ukraine remains committed to combating global food insecurity,” Kuleba said on Twitter on Thursday night.

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Flow to enter Ukraine through western border increased to 281 thousand people in week

The flow to enter Ukraine through its western border for the week from July 23 to July 29 amounted to about 281 thousand, while to exit – about 262 thousand, the State Border Service reports on Facebook.
Compared with the previous week, the number of people entering Ukraine slightly increased, while the number of those leaving it slightly decreased, as a result of which net inflow into the country increased to about 19,000 from about 5,000 a week ago, according to its data.
The number of passenger cars passing through the border remained at 119,000 a week, while the number of vehicles with humanitarian cargoes registered fell to 431 against 560 a week earlier.
Such data is confirmed by the Polish border service. According to her, from July 23 to 29, 162 thousand entered Poland from Ukraine (a week earlier – 163 thousand), while from Poland to Ukraine – 173 thousand (167 thousand).
In general, since the beginning of the war, 5.130 million arrived in Poland from Ukraine, while in the opposite direction – 3.218 million.
According to the State Border Service, over the past four weeks there has been a trend when on Sunday-Tuesday, noticeably more people enter Ukraine, and on Wednesday-Friday, a little more leaves.
As reported, since May 10, the flow to enter Ukraine through its western border has steadily exceeded the flow to exit for a month. Net inflow during this period amounted to 188 thousand. In the following weeks, there was no such unambiguous trend, and net inflow over this period decreased to 60 thousand.
According to UNHCR data, as of July 26, a total of 9.927 million people have left Ukraine since the beginning of the war (excluding entry flow), of which 4.944 million went to Poland, 1.857 million to Russia, 1.042 million to Hungary, and 890.2 thousand to Romania. ., Slovakia – 627.6 thousand, Moldova – 549.3 thousand, Belarus – 16.7 thousand.
At the same time, according to the UN, from February 28 to July 26, 3.996 million people entered Ukraine (excluding data from Hungary, the Russian Federation and Belarus).

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Export of wheat from Ukraine in new season may be reduced by more than third – opinion

The export potential of Ukrainian wheat in the 2022/2023 marketing year (MY, July-June) may be about 12 million tons, which is 36% lower than in the previous 2021/2022 MY (18.7 million tons) and by 28% less than the year before last 2020/2021 MY (16.6 million tons).

As reported on the APK-Inform agency website on Friday, the decline in wheat exports is due to a 39% decrease in the expected gross grain harvest in Ukraine in 2022/23 MY compared to the previous season – to 52.3 million tons from 86 million tons, as well as the limited capacity of the country’s export infrastructure.

According to him, Egypt and Indonesia have been the key importers of Ukrainian grain products for several seasons: at the end of 2021/2022 MY, their shares in total exports amounted to 16% and 14%, respectively (2.9 million tons and 2.5 million tons in natural expression). It is specified that in 2021/2022 MY, Egypt increased purchases of Ukrainian wheat in relation to the season 2020/2021 MY by 19%, and Indonesia – by 2%.

Turkey became the third largest importer of Ukrainian wheat in the past MY – its imports more than doubled compared to the previous season – from 794 thousand tons to 1.9 million tons, and its share in total exports increased from 5% to 10%.

As reported, the US Department of Agriculture (USDA) in the July report predicts the harvest of Ukrainian wheat in the 2022/2023 marketing year (MY, July-June) at the level of 19.5 million tons, its export – 10 million tons, domestic consumption within the country – 10, 2 million tons. The corn harvest is estimated at 25 million tons, export – 9 million tons, domestic consumption – 10.7 million tons.

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