Business news from Ukraine

DUTCH DEVELOPMENT BANK FMO WILL CREDIT ONE OF THE LARGEST UKRAINIAN GRAIN TRADERS TO DEVELOP RIVER LOGISTICS

The Dutch Development Bank FMO will issue $10 million to Nibulon (Mykolaiv), one of the largest Ukrainian grain traders, for the development of river logistics capacities, according to the FMO’s website. “The project will support Nibulon’s strategy, mainly aimed at expanding and optimizing its river grain logistic capacities in order to increase grain trade, reduce the share of road and rail traffic,” the report says.
According to its data, the project will also allow Nibulon to increase export capacity by improving logistics and infrastructure. As reported, Nibulon plans in the next two years to reorient virtually all of its cargoes to Dnipro and transport 4 million tonnes of products per year by water, which will allow reducing the load on the roads.
Nibulon LLC was established in 1991. It is one of the largest operators in the grain market of the country.

, , , ,

UKRAINIAN AGRICULTURE MINISTRY, GRAIN TRADERS SIGN MEMO TO SET WHEAT EXPORTS IN 2018/2019 MY AT 16 MLN TONNES

The Ministry of Agrarian Policy and Food and grain traders have signed a memorandum to fix forecasted volume of wheat exports in the 2018/2019 marketing year (MY, July-June) at 16 million tonnes against 16.5 million tonnes in the previous MY.
The memorandum was signed on Friday, August 10, an Interfax-Ukraine correspondent said.
According to the appendix to the memorandum, exports of food wheat, which can be exported this MY, is determined at 8 million tonnes, while coarse wheat exports were fixed at 8 million tonnes.
Such document has traditionally been signed since 2011 between the Ministry and the market operators at the beginning of the season.
First Deputy Minister of Agrarian Policy and Food Maksym Martyniuk said during the signing ceremony that the figures could be adjusted taking into account the quality and volume of wheat.
As reported, the ministry raised its forecast for wheat harvest by one million tonnes, to 24 million tonnes, including 13 million tonnes of food wheat. According to the ministry’s preliminary estimates, the ratio of food/coarse wheat in 2018 will be 55/45. The domestic market demand for food wheat is estimated at 4.5 -5 million tonnes.
Ukraine in 2017/2018 MY exported 39.4 million tonnes of grain, including 17.14 million tonnes of wheat.

, , ,