Business news from Ukraine

ONE OF THE LARGEST UKRAINIAN AGRARIAN GROUPS KERNEL INTENDS TO INCREASE GRAIN EXPORT BY 15%

Kernel, one of the largest Ukrainian agrarian groups, intends to increase grain exports from Ukraine from 8.5 million to 10 million tonnes in the 2021/2022 fiscal year (July-June), Kernel CEO Andriy Verevsky said during a conference call with analysts.
“We plan to export more than 10 million tonnes of grain in the next fiscal year,” he said.
According to the company, in January-March 2021, Kernel reduced grain exports from Ukraine by 15% compared to January-March 2020, to 1.8 million tonnes.
Kernel said that in the first nine months of the current FY it has fulfilled 75% of its plan for the export of grain from Ukraine, which the company set for this year at 8.5 million tonnes.
In October 2020, the agricultural producer announced plans to increase grain exports from Ukraine in 2020/2021 FY by 20.3%, to 9.5 million tonnes, and sunflower crushing by 1.7%, to 3.5 million tonnes.
Kernel is a large producer and exporter of sunflower oil.

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UKRAINIAN METAL COMPANIES INCREASE EARNINGS FROM FERROUS METAL EXPORT TO $4.9 BLN IN JAN-MAY

Ukrainian metal companies in January-May 2021 increased earnings from exports of ferrous metals by 49.1% compared to the same period last year, to $4.92 billion.
According to the statistics released by the State Customs Service, in May, earnings from exports of ferrous metals amounted to $1.19 billion.
Ukraine boosted imports of similar products by 16.3% in January-May 2021, to $440 million. In May, this figure was $115.04 million.
In addition, Ukraine increased exports of metal products by 18.9% in the first five months of 2021, to $421.03 million. In May, their export amounted to $99.21 million.
During this period, imports of metal products increased by 22.2%, to $383.15 million. In May, they were imported for $93.12 million.
As reported, in 2020, Ukrainian metal companies reduced earnings from exports of ferrous metals by 12% compared to the previous year, to $7.690 billion. At the same time, Ukraine in 2020 reduced imports of similar products by 17%, to $1.040 billion.

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MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (EXPORT FROM UKRAINE TO OTHER COUNTRIES) IN JAN-FEB 2021

MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (EXPORT FROM UKRAINE TO OTHER COUNTRIES) IN JAN-FEB 2021

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UKRAINE CAN EXPORT DAIRY PRODUCTS AND MILK TO KUWAIT

The Ministry of Foreign Affairs of Ukraine and the State Service for Food Safety and Consumer Protection have agreed with the competent authority of the State of Kuwait on the form of an export veterinary certificate for the supply of milk and dairy products to this country, the state food service said in a press release on Tuesday.
“The Gulf region, in particular Kuwait, is of interest to many Ukrainian food producers. I am pleased to announce that today we have created additional opportunities for them to earn money in this market thanks to the joint work of the Ministry of Foreign Affairs and the State Food Service. In the long term, this will also strengthen Ukraine’s position as a supplier of agricultural and food products to Kuwait,” Ukrainian Foreign Minister Dmytro Kuleba said.
The form of this certificate is posted on the website of the State Service for Food Safety and Consumer Protection.
“The work on opening new export markets is extremely important, since an increase in Ukrainian exports is a guarantee of the economic growth of our state,” Head of the service Vladyslava Mahaletska said.

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EXPORT OF ALUMINUM FROM UKRAINE IN JAN-APR GROWS BY 46% TO $49.5 MLN

Export of aluminum and products from it in January-April-2021 grew by 46.4% compared to January-April 2020, to $49.551 million (in April – $13.167 million), lead and products from it by 60%, to $12.360 million ($2.723 million), nickel and products – by 31.2%, to $1.367 million ($0.352 million).
In addition, zinc exports in January-April-2021 amounted to $17,000 (in April – $7,000), while in January-April-2020 it was also $17,000. Export of tin and products in January-April-2020 amounted to $8,000 (in April – $3,000), while in January-April 2020 – $42,000.
In addition, Ukraine in January-April-2021 increased imports of nickel and products from it by 22.4% compared to the same period in 2020, to $32.750 million (in April – $9.428 million), aluminum and products from it – by 10% , to $129.966 million ($34.997 million). At the same time, it increased the import of lead and products from it by 3.1 times, to $4.603 million ($1.040 million), increased the import of tin and products from it by 43.5%, to $1.145 million ($402,000), and also increased zinc and zinc products by 90.7%, to $28.139 million ($9.561 million).

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U.S. DEPARTMENT OF AGRICULTURE IMPROVES FORECAST FOR EXPORT OF SUNFLOWER OIL FROM UKRAINE

The U.S. Department of Agriculture (USDA) in May improved the forecast for the export of Ukrainian sunflowerseed oil in 2021/2022 (September-August) by 18.9% compared to 2020/21, to 6.4 million tonnes, with an increase in its production by 17.7%, to 6.99 million tonnes. According to the monthly report of the department, in 2021/2022, an increase in sunflowerseed production in Ukraine is expected by 18.4% compared to 2020/2021, to 16.7 million tonnes, sunflowerseed meal exports are expected to grow by 16.4%, to 5.3 million tonnes.
The USDA said that the growth in exports of sunflower oil and meal compared to the low level of the last marketing season will be due to the recovery of oil extraction volumes in Ukraine.
The U.S. Department of Agriculture also said that Ukraine rapeseed production is forecast to recover from last season’s low level, rising 200,000 tonnes to 3.0 million. Exports are projected to rise 190,000 tonnes to 2.6 million. Exports of rapeseed meal at 175,000 tonnes and oil at 165,000 tonnes are forecast to rise.

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