Business news from Ukraine

EXPORTS OF GOODS FROM UKRAINE GROWS BY 1.3% IN OCT

The volume of Ukrainian exports of goods in October amounted to $4.69 billion, which is 1.31% higher than the same month in 2019 and 10.41% higher compared to September this year.
Deputy Minister of Development of Economy, Trade and Agriculture, Trade Representative of Ukraine Taras Kachka said on Facebook, so far in the first 10 months of the year (year-on-year), exports showed a decline of 4.82%, imports – 12.21%.
“More good news: we have reduced the deficit by $3.97 billion, that is, more than a half,” he wrote.

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UKRAINE EXPORTS 16.5 MLN TONNES OF GRAIN

As of November 2, Ukraine exported 16.55 million tonnes of grains and legumes since the beginning of the new 2020/2021 marketing year (July-June), which is 3.1 million tonnes less than on the same date last MY.
According to the information and analytical portal of agro-industrial complex of Ukraine, to date, 10.65 million tonnes of wheat (less by 1.03 million tonnes), 3.37 million tonnes of barley and 2.47 million tons of maize (less by 1.92 million tonnes) have been exported.
As of November 2 of this year, 62,700 tonnes of flour were exported as well.
As reported, Ukraine exported record 57.2 million tonnes of grains, legumes and flour in 2019/2020 marketing year, which is 13.5% more than in the previous marketing year.

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UKRAINE EXPORTS 15 MLN TONNES OF GRAINS SINCE JULY-JUNE

Ukraine exported 15 million tonnes of grains and legumes since the beginning of the new 2020/2021 marketing year (July-June) and as of October 26, which is 2.94 million tonnes less than on the same date of the last MY.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, 10.11 million tonnes of wheat (less by 810,000 tonnes), 3.3 million tonnes of barley and 1.54 million tonnes of maize (less by 2.05 million tonnes) have been exported.
As of October 26 of this year, 60,000 tonnes of flour were exported as well.
As reported, Ukraine exported record 57.2 million tonnes of grains, legumes and flour in the 2019/2020 marketing year, which is 13.5% more than in the previous marketing year.

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UKRAINE EXPORTS ALMOST 15 MLN TONNES OF GRAIN SINCE START OF MARKETING YEAR

Ukraine exported 14.8 million tonnes of grain and legumes since the beginning of the new 2020/2021 marketing year (MY, July-June) and as of October 23, which is 2.77 million tonnes less than on the same period of previous marketing year.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, 10 million tonnes of wheat, 3.3 million tonnes of barley and 1.4 million tonnes of maize have been exported.
As of October 23 this year, 59,000 tonnes of flour were also exported.
As reported, Ukraine exported a record 57.2 million tonnes of grain, legumes and flour in the 2019/2020 marketing year, which is 13.5% more than in the previous one.

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UKRAINIAN ECONOMY MINISTRY SETS MAXIMUM VOLUME OF WHEAT EXPORTS FOR CURRENT SEASON AT 17.5 MLN TONNES

The Ministry of Economic Development, Trade and Agriculture of Ukraine on August 17 signed an annex to the grain memorandum with grain market participants and agreed on the maximum grain export volume in the 2020/2021 marketing year (MY, July-June) at the level of 17.5 million tonnes of wheat and 1,000 tonnes of rye.
“The grain memorandum is a good example of the ability to negotiate and make balanced decisions. In our common opinion, the export of 17.5 million tonnes of wheat and 1,000 tonnes of rye for this marketing year is the benchmark that will preserve our internal food security. In addition, taking into account the coronavirus crisis, in the forecast balance, we have increased the volume of carry overs by half a million tonnes, to 1.7 million tonnes,” Minister of Economic Development, Trade and Agriculture of Ukraine Ihor Petrashko is quoted as saying.
In addition, depending on weather conditions and the final data on wheat production from the State Statistics Service, the forecast grain market balances may be revised by the signatories of the memorandum in the fourth quarter.
Now the Ministry of Economy predicts the grain harvest in Ukraine this year at 72.1 million tonnes.
The ministry clarified that the grain memorandum has been signed annually since 2011. The document provides for interaction of grain market participants, exchange of information, monitoring the grain market.

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FARMAK PHARMACEUTICAL COMPANY EXPORTS TO EU MEDICATION FOR ARTIFICIAL LUNG VENTILATION OF COVID-19 PATIENTS

PJSC Farmak pharmaceutical company (Kyiv) in April-July exported to the EU propofol, a medication that is used for artificial lung ventilation of patients with coronavirus (COVID-19), worth more than $635,000,
The company told Interfax-Ukraine that due to the shortage of this medication in the EU and its active use for treatment of COVID-19 patients the supplies of the medication were carried out without its registration at the EU’s profile agency, which is a mandatory condition for sale of drugs in Europe.
“Such an exclusion is connected with the crisis, and at the same time it shows the level of confidence in Ukrainian manufacturers and quality of their products,” the company said.

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