Business news from Ukraine

UKRAINE CUTS CAST IRON EXPORTS

Ukraine in January-August 2019 decreased exports of pig iron in natural terms by 25.8% compared to the same period in 2018, to 1.567 million tonnes.
According to customs statistics released by the State Fiscal Service, during this period exports of cast iron in monetary terms fell by 31.1%, to $507.943 million.
Exports were mainly made to the United States (53.39% of deliveries in monetary terms), Italy (15.45%), and Turkey (9.91%).
In January-August 2019, Ukraine imported 836 tonnes of similar products for $502,000, while in January-August 2018 some 997 tonnes worth $569,000. Imports were carried out from Russia (76.29% of deliveries in monetary terms), Germany (20.92%), and Poland (2.79%).
As reported, in 2018, Ukraine increased exports of pig iron by 28.4%, to 3.006 million tonnes, and in money terms it rose by 42.6%, to $1.053 billion. Exports were mainly made to the United States (59.88% of deliveries in monetary terms), Italy (11.85%), and Turkey (10.92%).
In 2018, Ukraine imported 1,375 tonnes of pig iron for $796,000, while in 2017 – 2,000 tonnes for $1.02 million. The goods were imported from Russia (78.02% of deliveries in monetary terms) and Germany (21.98%).

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UKRAINE EXPORTS 9.8 MLN TONNES OF GRAIN

Ukraine since the beginning of the new 2019/2020 marketing year (MY, July-June) and as of September 6, 2019 had exported 9.792 million tonnes of grain and legumes, which is 1.6 times more than on the same date of the previous MY.
According to the Ministry of Agrarian Policy and Food, farmers also exported 5.63 million tonnes of wheat, 1.86 million tonnes of corn, 2.28 million tonnes of barley. As of September 6 this year, 52,600 tonnes of flour had been also exported.
As reported, with reference to the ministry, in the 2018/2019 marketing year, Ukraine exported a record 50.4 million tonnes of grain, legumes and flour, which is 23% more than in the previous MY.
The U.S. Department of Agriculture (USDA) in August raised its forecast for grain exports by 2.65 million tonnes compared with the July forecast, to 54.04 million tonnes.

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UKRAINE CUTS ELECTRICITY EXPORTS BY 2.3% IN 7 MONTHS

Ukraine in January-July 2019 decreased electricity exports by 2.3% (by 83.6 million kWh) compared to the same period in 2018, to 3.543 billion kWh, the Ministry of Energy and Coal Industry has told Interfax-Ukraine.
Electricity supplies from the Burshtyn TPP Energy Island in the direction of Hungary, Slovakia and Romania increased by 3.8% (by 86.9 million kWh), to 2.382 billion kWh.
Electricity supplies to Poland decreased by 9.2% (by 76.3 million kWh), to 755.6 million kWh.
Electricity supplies to Moldova amounted to 404.8 million kWh, which is 18.9% (94.1 million kWh) less than in January-July 2018.
For the seventh months of 2018 and 2019, Ukrainian electricity was not exported to Belarus and Russia.
In addition, for the aforementioned period Ukraine imported 15.9 million kWh of electricity from the Russian Federation and 0.7 million kWh from Belarus.

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UKRAINE EXPORTS SUNFLOWER OIL WORTH $2.6 BLN IN JAN-JULY 2019

Ukraine exported 3.8 million tonnes of sunflower oil worth $2.6 billion, which is 16% higher than the same period in 2018, the Ministry of Agrarian Policy and Food said. Supplies of soybean oil increased by 81% over this period, to 238,000 tonnes, the ministry said in a press releaes.
“Now farmers haven’t started harvesting sunflower seeds and soybeans yet, but the forecasts are rather optimistic. A reduction in areas under these crops by 4.4% in the case of sunflower seeds and 8% in soybeans was balanced by favorable weather conditions,” the ministry said.
As reported, the U.S. Department of Agriculture (USDA) predicts growth in vegetable oil exports from Ukraine by 250,000 tonnes, to 6.3 million tonnes at the expense of sunflower oil in the 2019/20 marketing year (MY, September-August) whose share in total oil exports may reach 5.85 million tonnes (data for August 2019).

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UKRAINE BOOSTS EXPORTS OF IRON ORE

Ukraine’s ore mining enterprises increased exports of iron ore and raw materials (IORM) in physical terms by 8.5% in January-July 2019 year-on-year, to 23.311 million tonnes. Export of IORM for the mentioned period in monetary terms grew by 28.9%, up to $2.92 billion, according to a customs statistics report posted by State Fiscal Service of Ukraine.
The bulk of iron ore was exported to China (27.07% of total imports in monetary terms), Poland (13.69%), and Czech Republic (10.52%).
In January-July 2019, Ukraine imported 108 tonnes of IORM worth $56,000 from the Netherlands(51.79% in monetary terms), Great Britain (39.29%) and Czech Republic (3.57%).

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UKRAINIAN METAL COMPANIES SEE 9.4% FALL IN FOREX EARNINGS FROM FERROUS METAL EXPORTS

Ukrainian metal companies saw a fall of 9.4% in foreign currency revenues from exports of ferrous metals in January-July 2019 year-over-year, to $5.615 billion.
According to customs statistics published by the State Fiscal Service, the share of ferrous metals of total income from exports was 19.53% compared to 23.07% from a year ago.
In July 2018 alone, receipts from ferrous metal exports amounted to $818.213 million.
In January-July 2018, Ukraine decreased imports of similar products by 1.4%, to $741.440 million including imports reaching $140.422 million in July.
In January-July 2018, Ukraine decreased metal products exports by 0.1%, to $637.494 million including July deliveries being $103.106million. During this period, imports of metal products grew by 24.6%, to $627.461 million, including July imports worth $99.058 million.
As reported, in 2018 Ukraine saw its forex earnings from ferrous metal exports rise by 23.8%, to $9.937 billion. Ukraine saw imports of these products increase by 20.4%, to $1.367 billion.
Ukraine experienced a 23.8% rise in metal products exports, up to $1.11 billion. Metal imports grew by 19.9% last year, to $967.674 million.

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