Business news from Ukraine

IN MARCH-APRIL UKRAINE EXPORTED AGRICULTURAL PRODUCTS WORTH ALMOST $2BLN

The value of Ukrainian agricultural exports for the two months of the war with Russia (March-April) amounted to $ 1.74 billion, while in January-February the supply of such products brought 3.2 times more revenue – $ 5.68 billion, for January-April the country exported $ 7.42 billion worth of agricultural products
The key commodity groups in agricultural exports from Ukraine are traditionally cereals and oilseeds, vegetable oils and fats, waste from the processing industry and meat products, according to the website of the Institute of Agrarian Economics (IAE) on Monday.
According to the agency, agricultural products continue to be the main source of foreign exchange earnings for Ukraine’s foreign trade: in January-April 2022, its share in total exports exceeded 44%.
Despite the Russian military invasion, exports of agricultural products from Ukraine in January-April 2022 still exceed the figures for the first four months of 2021 by 3%, this excess is due to significant intensity of exports in January-February 2022 and a record harvest of 2021, the largest since the country’s independence.
“Today Ukraine still exceeds last year’s record food exports. However, Russia’s ongoing aggression, hostilities, occupation of territories in different regions of our country and blocking of seaports significantly reduce domestic foreign sales potential. Final export figures will depend on liquidity. , – quotes IAE deputy director of the institution Nikolai Pugachev.
It was reported that before the Russian military invasion, Ukraine exported up to 5 million tons of agricultural products per month through the ports of Odessa and Nikolaev, but now due to their naval blockade by Russia, the country can transport about 500 thousand per month. tons of grain. This leads to a monthly shortfall of about $ 1.5 billion in export earnings.
Since the beginning of the 2021/2022 marketing year (MY, July-June) and as of May 19, Ukraine has exported 46.51 million tons of cereals and legumes, which is 13.8% higher than on the same date of the previous MY. A total of 18.54 million tons of wheat was exported to foreign markets (18.7% more than in the same period of 2020 / 2021MG), 21.83 million tons of corn (+ 6.9%), 5.68 million tons of barley (+ 37.2%), 70.6 thousand tons of flour (-35.7%).

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PRESIDENT ZELENSKY: 22 MILLION TONS OF FOOD ARE BLOCKED IN UKRAINIAN PORTS

22 million tons of food have been blocked in Ukrainian ports, Ukrainian President Volodymyr Zelensky said in Kyiv on Saturday after meeting with Portuguese Prime Minister Antonio Costa.

“Russia has blocked all maritime opportunities to export food products – our grain, barley, sunflower. 22 million tons have been blocked by the Russian Federation, “he said.

“And, to be honest, they are stealing slowly. Grain is taken out of ports and somewhere. We know what “somewhere” is, “Zelensky said.

According to him, Ukraine “works at the level of the Ministry of Foreign Affairs. At the level of conscience, it is impossible to work with these countries, so we work differently. ”

Zelensky noted that “it can be unblocked in different ways. One of them is military. That is why we are asking our partners for such requests for appropriate weapons, and Portugal is no exception. “

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UKRAINE INCREASES REVENUE FROM ELECTRICITY EXPORT BY 2.6 TIMES

In January-April 2022, Ukraine increased its revenue from electricity exports by 2.6 times (by $87.11 million) compared to the same period in 2021, to $141.05 million, according to the State Customs Service.
According to Interfax-Ukraine estimates, over the four months, electricity was supplied to Slovakia for $48.968 million, Hungary – for $40.408 million, Romania – for $29.274 million, other countries – for $22.4 million.
In April this year, electricity export revenue amounted to $1.108 million compared to $31.125 million in April 2021.
In addition, Ukraine in January-April 2022 imported electricity for $102.114 million against $54.321 million for the same period in 2021, in particular from Belarus – for $100.414 million, Slovakia – for $873,000, Romania – for $491,000, other countries – for $336,000.
In April this year, Ukraine imported electricity for $1,000 against $6.926 million in April 2021.

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UKRAINE IN JAN-APR SIGNIFICANTLY INCREASES EXPORT OF FERROALLOYS

Ukraine in January-April this year increased the export of ferroalloys in physical terms by 7.2% compared to the same period last year – up to 220.206 thousand tons.
According to statistics published by the State Customs Service (STS), in monetary terms, exports of ferroalloys increased by 58.5% to $390.861 million.
At the same time, the main exports were to Poland (60.98% of supplies in monetary terms), Italy (6.67%) and the Netherlands (6.53%).
In addition, during this period, Ukraine imported 13.461 thousand tons of these products, which is 27.4% less compared to January-April 2021. In monetary terms, imports increased by 7.3% to $46.381 million.
Import was carried out mainly from Norway (35.43%), Brazil (15.44%) and Kazakhstan (13.32%).
As reported, Ukraine in 2021 increased the export of ferroalloys in physical terms by 6.9% compared to 2020 – up to 668.539 thousand tons, in monetary terms, the export of ferroalloys increased by 58.2% – up to $1 billion 43.880 million. the main exports were to Turkey (19.87% of supplies in monetary terms), Italy (13.51%) and China (11.28%).
In addition, in 2021 Ukraine imported 59.569 thousand tons of these products, which is 75.6% more by 2020. In monetary terms, imports increased by 84.5% – up to $177.616 million. Imports were carried out mainly from Brazil (16.93%), Norway (15.72%) and Kazakhstan (15.1%).
The business of the Stakhanov and Zaporozhye Ferroalloy Plants (SZF and ZZF) was organized by PrivatBank (Kyiv) before the financial institution was nationalized. The Nikopol Ferroalloy Plant is controlled by the EastOne group, created in the fall of 2007 as a result of the restructuring of the Interpipe group, as well as the Privat group.

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UKRAINE CUTS EXPORT OF TITANIUM-BEARING ORES BY 44%, REVENUE BY 19% IN JAN-APRIL

Ukraine in January-April this year reduced the export of titanium-bearing ores and concentrate by 43.7% compared to the same period last year, to 129,212 tonnes.
According to statistics released by the State Customs Service (STS), in monetary terms, the export of titanium-bearing ores and concentrate decreased 18.6%, to $47.247 million.
At the same time, major exports were to the Czech Republic (50.79% of supplies in monetary terms), the United States (18.45%) and China (7.98%).
Ukraine in January-April 2022 imported 100 tonnes of similar products from Senegal for $138,000, while in January-April 2021 it imported 180 tonnes from Senegal for $160,000.
As reported, Ukraine increased the export of titanium-bearing ores and concentrate in kind by 3% in 2021 compared to 2020, to 553,051 tonnes. In monetary terms, the export of titanium-bearing ores and concentrate grew by 17%, to $161.914 million. Majot exports were to Mexico (21.23% of supplies in monetary terms), China (18.17%) and the Czech Republic (14.07%).
In 2021, Ukraine imported 1,172 tonnes of titanium-containing ores worth $1.227 million from Senegal (87.03%) and Germany (12.97%), while in 2020 it imported 1,010 tonnes worth $855,000.
In Ukraine, at present, titanium-bearing ores are mined mainly in the PJSC United Mining and Chemical Company (UMCC), under whose management the Vilnohirsk Mining and Metallurgical Plant (Dnipropetrovsk region) and Irshansk Mining and Processing Plant (Zhytomyr region) were transferred, as well as Mezhdurechensk Mining and Concentration Complex LLC and Valki-Ilmenite LLC (both LLC are located in Irshansk, Zhytomyr region).
In addition, the production and commercial company Velta (Dnipro) built a mining and concentration complex at the Birzulivske deposit with a capacity of 240,000 tonnes of ilmenite concentrate per year.
Holding company Velta Group Global Ltd. registered in London in November 2011.

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UKRAINE CUTS EXPORT OF CAST IRON BY 52.7%, OVER HALF OF SUPPLIES COMES FROM USA IN JAN-APRIL

Ukraine in January-April this year reduced the export of cast iron by 52.7% compared to the same period last year, to 451,142 tonnes.
According to statistics released by the State Customs Service (SCS), over the specified period, the export of cast iron in monetary terms decreased 50.4%, to $220.179 million.
At the same time, exports were carried out mainly to the United States (52.42% of deliveries in monetary terms), Turkey (18.58%) and Italy (17.59%).
In January-April 2022, Ukraine imported 15 tonnes of cast iron from Germany for $25,000, while in the first four months of 2021 it imported 46 tonnes of cast iron for $49,000 from Germany (76%) and Slovakia (24%).
As reported, Ukraine in 2021 increased the export of cast iron by 4.2% compared to 2020, to 3.236 million tonnes, the export of cast iron in monetary terms grew by 78.1%, to $1.643 billion. At the same time, exports were carried out mainly to the United States (53.61% of deliveries in monetary terms), Italy (22.08%) and Turkey (9.74%).
In 2021, Ukraine imported 185 tonnes of pig iron worth $226,000 from Germany (74.34%), the Russian Federation (20.35%) and Slovakia (5.31%), while in 2020 it imported 593 tonnes worth $417,000.

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