Business news from Ukraine

UKRAINE AND INDONESIA AGREE TO DEVELOP TRADE

Foreign Minister of Ukraine Dmytro Kuleba has held a phone conversation with his Indonesian counterpart Retno Marsudi to discuss the development of mutual trade between the countries.
“Dmytro Kuleba said that Indonesia is an important partner of Ukraine in Southeast Asia and one of the region’s leaders. In this context, he pointed out the growth of bilateral trade, which exceeded $1 billion at the end of last year. The ministers agreed to join their efforts for the further development of trade between the countries,” the Foreign Ministry of Ukraine said on Monday.
Kuleba said that Ukraine aspires to build closer political cooperation with the Association of South East Asian Nations (ASEAN).
The Ukrainian minister also thanked Indonesia for the decision to not impose sanctions on Ukrainian citizens who were unable to leave the country due to the suspension of flights, although their documents for stay in Indonesia have expired.
He also said that Ukraine is ready to welcome Indonesian president in Kyiv and invited the country’s foreign minister to visit Ukraine at any convenient time.

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LARGEST BUYERS OF UKRAINIAN GRAIN – EGYPT, CHINA, SPAIN, INDONESIA, THE NETHERLANDS

Exports of grain crops in the 2017/2018 marketing year (July 2017 through June 2018) totaled 39.4 million tonnes and amounted to $6.4 billion, according to the State Fiscal Service of Ukraine. The largest buyers of Ukrainian grain in this period were Egypt ($ 724 million, with a share of 11.4%), China ($594 million, 9.3%), Spain ($459 million, 7.2%), Indonesia ($375 million, 5.9%) and the Netherlands ($348 million, 5.5%).
In particular, Ukraine exported 17.8 million tonnes of maize worth $2.86 billion (China’s share was 16.4%, Egypt accounted for 13.6%, and the Netherlands for 12.2%). Exports of wheat totaled 17.2 million tonnes worth $2.83 billion (Indonesia with 13.3%, Egypt with 11.8%, and Bangladesh with8.7%); while exports of barley stood at 4.3 million tonnes worth $0.64 billion (Saudi Arabia with 41.2%, China with 19.3%, and Libya with 6.6%).
As noted, 99% of all grain was shipped by sea (39 million tonnes). The ports of Chornomorsk (formerly Illichivsk) accounted for 22% of all grain shipments by sea, the port of Odesa accounted for 19%, Yuzhny for 19%, and Mykolaiv for 18%. At the same time, 306,000 tonnes (0.8%) was exported by rail and almost 80,000 tonnes (0.2%) by road.
Ukraine in the 2016/2017 marketing year exported 43.8 million tonnes of grain, the Ukrainian Ministry of Agrarian Policy and Food earlier reported.

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