Business news from Ukraine

UKRAINE COULD INCREASE EXPORTS OF POULTRY TO 290,000 TONNES

Ukraine in 2018 could increase exports of poultry by 7.4%, to 290,000 tonnes, the Union of Poultry Farmers of Ukraine has said. “A record-breaking amount of poultry meat was exported in 2017 – 270,000 tonnes. This indicator will reach 290,000 tonnes in 2018. Along with the increase in exports, there is a tendency to increase the import of poultry meat to Ukraine. In the past year, 116,000 tonnes was imported, and in the current year it is expected to reach 130,000 tonnes,” Director General of the association Serhiy Karpenko said in the report of the association.
According to him, in the course of 2017, 66,700 tonnes of poultry and meat products were exported to the EU and Ukraine was the third among all countries exporting to the EU countries. “The growth in industrial production of broiler meat by 3.3% or by 30,000 tonnes was seen in 2017. For the seven months ending July 2018, production in agricultural enterprises increased by 5.6%,” Karpenko said.
Consumption of eggs in 2017 was 247 units per person. In 2018, the association predicts an increase in the consumption of eggs to 254 pieces per person.

,

UKRAINE EXPORTS 8.7 MLN TONNES OF GRAIN SINCE JULY 1

Ukraine exported 8.652 million tonnes of grain from July 1, 2018 (the beginning of the 2018/2019 marketing year, MY July-June) to September 26, 2018, which was 8.6% less than by the same date of the previous MY. As of today, farmers exported about 5.06 million tonnes of wheat, 1.93 million tonnes of barley, 1.5 million tonnes of maize, Ukraine’s Ministry of Agrarian Policy and Food said on Wednesday.
In addition, 45,200 tonnes of flour was sold on foreign markets over the period under review.
The ministry also said that the volume of forecast wheat exports remained at the level that was recorded in the Memorandum of Understanding for 2018/2019 MY, signed by the ministry and grain market players on August 10, i.e. 8 million tonnes of food wheat and 8 million tonnes of coarse wheat.

,

PHARMACEUTICAL COMPANY FARMAK WANTS TO BOOST EXPORTS SHARE TO 33% THIS YEAR

PJSC Farmak (Kyiv), among top three leaders of the pharmaceutical sector of Ukraine, in 2018 plans to increase the exports share to 33%.
The company told Interfax-Ukraine that in H1 2018 Farmak’s exports grew by 13% year-over-year, in particular, thanks to supplies to Uzbekistan (a rise by 20%), Belarus (by 124%), Kazakhstan (by 13%) and Kyrgyzstan (by 16%).
Sales of products to Russia remained at the level of 2017.
“We want to increase the export potential of the company by retaining the leading positions in Ukraine. It would lead to an increase in production, creation of new jobs, an increase in the amount of taxes paid. For Farmak, the markets of the European Union and Asia remain a priority,” Farmak Executive Director Volodymyr Kostiuk said.
In general, according to him, in 2017, Farmak exported products for $70 million. In 2017, Poland, Uzbekistan and Russia dominated the structure of foreign sales. In particular, sales to Poland accounted for 28.3% of total exports, Uzbekistan – 20.9% and Russia – 16.7%.
In 2017, the share of Farmak’s sales in foreign markets was 31%.
Farmak is a member of the Association Manufacturers of Medications of Ukraine (AMMU).

, ,

UKRAINE REVIEWS GRAIN HARVEST FORECAST TO 63.1 MLN TONNES, EXPORTS TO 42 MLN TONNES

The Agricultural Policy and Food Ministry of Ukraine has reviewed upwards the 2018 grain harvest forecast from over 60 million tonnes to 63.1 million tonnes, which is 1.1 million tonnes more than in the previous agricultural year, acting Agricultural Policy and Food Minister Maksym Martyniuk wrote on his Facebook page. “A group of late grain crops will contribute to the growth. Weather conditions were far from optimal, but losses were fragmentary, and as a result we have a decent ratio of bread wheat/coarse grains at 60/40,” he said.
The head of the agrarian ministry added that the export forecast was also increased, to 42 million tonnes.
“It is good news. The situation in the world (poor harvests in supplying countries, rising prices) raises its status to” magnificent,” Martyniuk said.
He also said that if the field works started late spring, the sowing campaign began almost a week earlier: as of September 10, 237,100 hectares were sown with grain, which is 3% of the forecast.
“Rain is a bonus,” the acting minister said.
According to the ministry, as of September 10, the harvest of grain and leguminous crops amounted to 35.4 million tonnes from 10.1 million hectares, or 68% of the forecast. These include early cereals: 34.3 million tonnes were harvested from an area of 9.9 million hectares, and 0.82 million tonnes of corn was harvested from 147,000 hectares (3% of the forecast).

, , ,

UKRAINE’S PROFITS FROM FERROUS METALS EXPORTS EXCEEDS $7 BLN IN JAN-AUG 2018

Ukrainian metal companies saw a growth of 27.7% in foreign currency revenues from exports of ferrous metals in January-August 2018 year-over-year, to $7.001 billion. According to customs statistics published by the State Fiscal Service, the share of ferrous metals of total income from exports was 22.65% compared to 19.93% from a year ago.
In August 2018 alone, receipts from ferrous metal exports amounted to $803.263 million.
In January-August 2018, Ukraine increased imports of similar products by 25.7%, to $896.765 million including imports reaching $144.565 million in August. In January-August 2018, Ukraine increased metal products exports by 32%, to $729.444 million including August deliveries being $91.404 million. During this period, imports of metal products grew by 19.9%, to $598.239 million, including August imports worth $94.603 million.
As reported, in 2017 Ukraine saw its forex earnings from ferrous metal exports rise by 20%, to $8.666 billion. Ukraine saw imports of these products increase by 42%, to $1.135 billion. Ukraine experienced a 30% rise in metal products exports, up to $896.7 million. Metal imports grew by 25% last year, to $806.8 million.

, ,

ELECTRICITY EXPORTS FROM UKRAINE ESTIMATED AT $213 MLN, LEADING CUSTOMER – HUNGARY

Ukraine in January-August 2018 exported electricity worth $213.38 million, including $27.254 million in August alone. Hungary bought electricity worth $127.415 million, Poland $49.233 million, Moldova $31.397 million, other countries $5.335 million, Ukraine’s State Fiscal Service has said. Exports of Ukrainian electricity in monetary terms in January-August 2018 increased by 21.1% compared to the same period in 2017 ($176.241 million).
Over the period under review, Ukraine imported electricity worth $1.056 million, in particular, electricity imports from the Russian Federation were estimated at $1.005 million, from Belarus at $0.046 million, from Moldova at $0.006 million.
As reported, Ukraine plans in 2018 to increase exports of electricity to the EU and Moldova by 13.3% from 2017 to 5.855 billion kWh. According to the forecast for 2018, deliveries from the Burshtyn TPP energy island to Hungary, Slovakia, Romania will be 3.6 billion kWh, to Poland 1.2 billion kWh, and to Moldova 1.055 billion kWh.

, ,