Ukraine: grain production revised

Ukraine’s grain output will increase to 64 million metric tons in the 2016-2017 season, the largest grain harvest since the country gained independence in 1991, Agriculture Minister Taras Kutoviy said. Ukraine produced 60.3 million metric tons of grain in the 2015-2016 marketing season, according to the ministry. The latest forecast is a revision of the…

Ukraine: passenger traffic water transport down in January-October 2016

In January-October transportation of passengers by water transport in Ukraine totaled 400,000 passengers (-22.4%, YoY).

According to the State Statistics Committee of Ukraine, total passenger turnover in Ukraine fell by 6.6% to 4.02 million passengers.

In 2015, water transport of Ukraine carried 0.6 million passengers (-3.3%, YoY). (Portnews/Business World Magazine)

Ukraine: NBU relaxes access to currency loans with participation of export-credit agencies

The National Bank of Ukraine (NBU) has made an exception of the general rules of controlling the rates of foreign credits of loans if resident borrowers (both companies and financial institutions) raise funds from nonresident creditors with the participation of export-credit agencies. “This step would expand opportunities for residents’ access to foreign credit resources provided…

Ukraine: wheat exports down in October 2016

Ukraine exported roughly 2058 KMT of wheat in October down from 2068.5 KMT in October 2015. For the first four months of 2016/2017, Ukrainian wheat exports increased by 9.1% YoY to 8235.8 KMT against 7548.8 KMT in July-October 2015/2016. The period under review saw substantially higher deliveries to the markets of Bangladesh, Indonesia, Philippines, Libya,…

Belarus: Belaruskali to purchase electric motors

The state-owned Belarusian company OAO Belaruskali has announced a tender to purchase 52 electric motors ranging in capacity from 0.25kW to 200kW valued at Br582,750 ($297,900), according a message posted on Belarus’ official procurement web site. The closing date for applications is November 28. Belaruskali will purchase the motors at its own expense and wants…

Ukraine: over 4 MMT of soybeans harvested

Ukrainian farmers are completing sunseed harvesting. As of November 21, this crop was gathered from 5839.7 thousand ha or 99% of the intended area (5919.3 thousand ha), up by 16.3% YoY (5020 thousand ha). Farmers obtained 13283.7 KMT of sunseed with the average yield of 2.27 MT/ha, which is an all-time high for Ukraine. In…

Ukraine: seaports grain exports up in the third week of November 2016

On November 14-20, Ukraine exported 616.7 thousand tons of grains from the seaports, against 463.3 thousand tons on the previous week.

In particular, wheat shipments reached 158 thousand tons, corn – 408.2 thousand tons, and barley – 50.5 thousand tons. (APK-Inform/Business World Magazine)

Ukraine: groats production recovering

Groats production in Ukraine totaled 35.05 KMT in September, up by 13.5% YoY (30.87 KMT). In 2016 the production of all groats in Ukraine has increased by 2.2% to 233.12 KMT. This included a 46.4% hike in output of rice groats, to 13.51 KMT, 36.5% in oat groats (2.02 KMT), 33.1% in millet groats (11.77…

Ukraine: grain legumes output up in 2016

In 2016 Ukraine considerably increased grain legumes production. Although official figures are not available yet, it can be assumed that legumes crop is 70% higher than last year, mainly owing to significant expansion of peas planted area. Moreover, favorable weather in spring and early summer ensured all-time high peas productivity. In general, experts believe grain…

Ukraine: Fitch upgrades 7 banks on sovereign rating change

Fitch Ratings has upgraded the long-term foreign currency issuer default ratings (IDRs) of seven Ukrainian banks to ‘B-‘ from ‘CCC’, Fitch has said in a press release. The banks are State Export-Import Bank of Ukraine (Ukreximbank), State Savings Bank of Ukraine (Oschadbank), Alfa-Bank, Ukrsotsbank, ProCredit Bank (Ukraine), Credit Agricole Bank and Pravex-Bank. The outlooks on…

Bulgaria: wheat output reaches record high

Wheat production in Bulgaria reached a new record in the 2016-2017 market year behind higher yields, favorable weather and a shift in the use of imported genetics, according to a report from the U.S. Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS). The FAS forecast wheat production for 2016-2017 at 5.65 million tons, up nearly…