Business news from Ukraine

EXPERT PREDICTS CHANGES OF FOCUS IN STRUCTURE OF GRAIN

UkrAgroConsult in the current year expects a recovery in barley production, an increase in wheat production and a slight decrease in corn production.
“In 2019, the focus will probably change. We expect recovery in barley production, growth in the wheat harvest and, most likely, some decline in corn production. But the overall supply of grain from Ukraine will remain in a growing trend, Ukraine will remain a strong player in the global agricultural market,” founder and CEO of UkrAgroConsult Serhiy Feofilov said.
According to him, four seasons in a row Ukraine has been collecting record grain yields. After a slight decrease in harvest in 2017, the gross grain harvest showed a record high again.
“Of course, if to exclude weather disasters, there is every chance to further increase production. Technologies do not stand still and help reduce the risks of farmers,” he said.
The director general said that the record high harvest revealed weak points in Ukrainian logistics, which in the conditions of the record harvest could not cope with the efficient transportation of grain to elevators and ports. The second “problem area” was insufficient storage capacity, especially in the midst of harvesting a record harvest of corn and sunflower.

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WEEKLY CHANGES IN RETAIL FUEL PRICES IN UKRAINE

Average retail prices for petrol, diesel fuel and autogas in Ukraine in the period from June 4 to June 11, 2018 slightly decreased – by 0.5%, according to data from A-95 Consulting Group (Kyiv).
As reported, average retail prices for fuel in Ukraine in 2017 increased by 19.2-20.1%, or by UAH 4.61-4.76 per liter, diesel fuel by 22.6%, or by UAH 4.84/liter. At the same time, average prices for liquefied petroleum gas (LPG), despite a sharp increase in August due to a deficit, showed an increase of a mere 2.9%, or UAH 0.36 per liter.

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