The U.S. Department of Agriculture (USDA) has predicted growth in exports of rapeseeds from Ukraine in 2019/2020 agricultural year (September-August) by 1 million tonnes year-over-year, to 3.5 million tonnes.
According to a June report of USDA, the forecst for exports of oilseeds was revised downwards to 5.55 million tonnes (a decrease by 10,000 tonnes compared with the May report), that for oilseed crushing – to 16.7 million tonnes (a decease by 10,000 tonnes).
USDA also slightly reviewed downwards the forecasts for 2019/2020 agri-year for export of Ukrainian vegetale oil, to 6.1 million tonnes (a decrease by 2,000 tonnes) and oilseed cake, to 5.92 million (a decline by 8,000 tonnes).
USDA in June left unchanged the forecast for exports of sunflower seeds for 2019/2020 agri-year: it would be 150,000 tonnes, meal – 4.7 million tonnes and oil – 5.6 million tonnes.
USDA reviewed downwards the forecast for Ukrainian soybeans: exports of soybean meal to 1.9 million tonnes (a decrease by 100,000 tonnes), exports of soybeans – to 1 million tonnes (a decline by 80,000 tonnes over the smaller volumes of its production).
The USDA’s forecast for oilseed crushing in Ukraine for this season is 16.65 million tonnes, oilseed exports – 5.15 million tonnes, meal exports – 5.17 million tonnes and vegetable oil exports – 6.21 million tonnes.
The U.S. Department of Agriculture (USDA) predicts that export of vegetable oil from Ukraine in the 2019/20 agricultural year (September-August) will be 6.12 million tonnes, which is 90,000 tonnes less than in 2018/19 agri-year (6.21 million tonnes).
According to the May report, forecast for oilseed crushing for 2019/20 agri-year were improved by 150,000 tonnes, to 16.8 million tonnes.
USDA said that next agri-year sunflower seed production in Ukraine could decrease by 200,000 tonnes year-over-year, to 14.8 million tonnes, meal – by 123,000 tonnes, to 5.99 million tonnes and oil – by 129,000 tonnes, to 6.24 million tonnes.
Export of sunflower seeds in 2019/20 agri-year should grow by 50%, to 150,000 tonnes, meal – by 6%, to 4.7 million tonnes and oil – by 3.4%, to 5.6 million tonnes.
The Epicenter K Group, developing the agricultural business since 2016, has invested UAH 6 billion in agriculture and plans to invest UAH 2.5 billion more in silos, the co-owner of the company Halyna Hereha said at the Forum of Innovative Production Facilities Development held in Bila Tserkva on Thursday.
“We have invested UAH 6 billion in the agricultural sector, and we need another UAH 2.5 billion to complete the silo project. These are not only our funds, but also loans. Last year, we started building three silos and reconstructing six. Therefore, now a big investment is unrealistic,” she told Interfax-Ukraine.
According to Hereha, the company also intends to develop the dairy business. “We have animal husbandry of 20 dairy farms, but the volumes are small. In the future we plan to develop the business. There is a question of processing milk. We have not invested in animal husbandry yet, but we are discussing this,” she said.
Hereha also said that Epicenter also postponed the oilseeds processing project due to the unfavorable situation on the oilseeds market. “At present, the oil industry is declining, as producers cannot agree among themselves and simply dump the market. Therefore, we have stopped the processing process in the oil industry, but in the future we will do something interesting,” she said.
Hereha added that Epicenter is actively introducing new technologies, in particular, updating equipment and investing in the laboratory and precision farming. “In addition, we have a woodworking plant in Ivano-Frankivsk region. Now it makes a lot of products, a large percentage of them is exported, and some of them are for sale in the Epicenter [network],” she said.
Capital investment in agriculture in 2018 totaled UAH 90 billion, including UAH 25 billion invested in processing, Ukrainian Prime Minister Volodymyr Groysman has said.
“Last year, UAH 90 billion were invested in the agricultural and industrial complex, almost UAH 25 billion were funds invested in processing… We have not yet used even a third of our potential [in the agricultural and industrial complex],” he said at the tenth Agroport West Lviv International agricultural exhibition and forum on supporting farming held in Lviv on Thursday.
According to him, the share of agriculture of Ukraine’s GDP is 17%, but only 4% of it are processed products, the rest is raw materials.
“Our task is to change this structure. At least a quarter of the gross product should be for the agricultural and industrial complex. We must increase the in-depth processing of Ukrainian products,” Groysman said.
The prime minister said that products grown in Ukraine are represented in 190 countries.
The U.S. Department of Agriculture (USDA) in December reviewed upwards the forecast for export of corn from Ukraine in 2018/19 agricultural year (July-June) by 1 million tonnes compared with the September forecast, to 28 million tonnes.
According to a posting on the website of the USDA, the forecast for corn harvest for 2018 is increased by 1.5 million tonnes, to 35 million tonnes.
Corn production in in Ukraine increased thanks to larger crops harvested, and if the forecast volumes are harvested the harvest forecast this month would exceed the previous record hit in 2016/17 agri-year by almost 20%, the department said.
USDA retained its forecast for export of wheat from Ukraine in 2018/19 agri-year at 16.5 million tonnes and the harvest forecast – at 25 million tonnes.
In general, USDA revised upwards the forecast for grain harvest in Ukraine by 1.5 million tonnes, to 68.7 million tonnes and grain exports – by 1 million tonnes, to 49.2 million tonnes.