Business news from Ukraine

UKRAINIAN VIOIL MORE THAN DOUBLES SOYBEANS PRODUCTION

Vinnytsia oil and fat mill of ViOil Industrial Group in 2018/2019 season has produced more nearly 89,000 tonnes of soybeans, which is 2.4 times more than last year.
According to the company’s press release, the combine processed over 17,000 tonnes of unrefined soybean oil and about 65,000 tonnes of soya oilseed meal.
The mill exports all processed soya products.
As reported, Kernel, one of the largest Ukrainian agrarian groups, in February-2019 acquired 5.85% of ViOil shares.
ViOil Industrial Group was created by Viktor Ponomarchuk in 2006 on the basis of agricultural assets of KMT industrial group.
Currently ViOil owns 13 granaries with a total capacity of 360,000 tonnes. The group exports products to more than 60 countries.

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UKRAINE STARTS SOWING SOYBEANS

Ukraine has started sowing soybeans, planting 31,000 hectares (2% of the forecast) with this crop, the press service of the Ministry of Agrarian Policy and Food has reported.
According to the ministry, as of April 17 some 1.5 million hectares are sown with barley (94%), 150,000 hectares with wheat (90%), 165,000 hectares with oats (84%), and 283,000 hectares with peas (83%).
Ukraine has also sowed 264,000 hectares with corn (6%), 194,000 hectares with sugar beets (79%), and one million hectares with sunflower (18%).
In addition, according to the ministry, agrarians fertilized winter crops on 7.5 million hectares (99% of the forecast).

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