Ukraine’s Cabinet of Ministers has approved of a bill on termination of the intergovernmental agreement signed with Russia on July 1, 2003 on the liquidation of the procedure for returning aircraft staying at repair plants of the Ukrainian and Russian defense ministries. The bill drawn up by the Economic Development and Trade Ministry was backed…
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)
As of November 21, Ukrainian agrarians harvested 60.151 million tons of grains throughout the areas of 13.396 million ha, or 94% of the plan. The average yield totaled 4.49 ton/ha, the Ministry of Agrarian Policy and Food of Ukraine reported. At the same time, on the same date last year the production volumes reached 59.06…
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…
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…
Floor retail and wholesale prices of vodka will be increased by 27.1% and 27.86%, to 348.9 UAH and 225 UAH per liter of 100% ABV. According to government resolution No. 828 dated November 9, the wholesale price of three-star cognac will be increased from 269.33 UAH per liter of 100% ABV to 336.22 UAH, retail…
The weather conditions in the first half of November promoted active formation of the secondary system in winter wheat with different plant development degrees (one to four tillers per plant). This is vital for underdeveloped plantings. Important physiological and biochemical processes are underway in winter crop plants in such weather conditions. Low above-zero temperatures facilitated…
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…
The financial assistance for the continuation of anti-corruption and civil service reform will be allocated at the 18th EU-Ukraine summit. “The November summit could confirm a further EUR 15 million in support of an anti-corruption program and EUR 104 million for public administration reform”, the EU report says. The summit will be an occasion to…
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…
Last week Ukrainian wheat export prices continued growing on the same factors. Demand for Ukrainian wheat remains strong, while supply is shrinking. This is particularly noticeable in the case of 3rd grade milling wheat. Export prices for Ukrainian milling wheat closed last week up by another $2/MT. So, export market prices for Ukrainian milling wheat…
On November 11-20, air temperatures were falling in Bulgaria. They dropped to 5-7 degrees C below zero in some areas. These weather conditions stopped growing processes in winter crops. Winter cereals are mostly at three-leaf stage of plant development. Winter wheat and barley seeded on October 1-10, are at tillering stage. Cereals planted in November…
Belarus is getting prepared to hold talks with the European Union in December-January on matters of joining the World Trade Organization (WTO), Belarus’ Ambassador to Belgium and Luxembourg and its Permanent Representative to the European Union and NATO Alexander Mikhnevich said. “They are ready to sit down at a negotiating table with us in December-January”,…
Naftogaz Ukrainy has calculated that Russian gas giant Gazprom’s annual payment for gas transit through Ukraine can grow by $4 billion if the Stockholm Arbitration Court favors Kiev, Yury Vitrenko, Naftogaz Ukrainy’s commercial director, said. “The problem is that Gazprom will have to pay us tens of billions of dollars in compensation, sell gas at…
There is a plan to build a new berth on the Adzhalyk estuary near the port of Yuzhny. The berth would service a Delta Wilmar plant owned by Singapore’s Wilmar International and Delta Exports. The Singaporean investor intends to expand the production facilities. To operate effectively, an own berth is needed. Under the best scenario,…
Saudi Arabia intends to import Kazakhstani grain in case of cost-efficient logistics, Batyr Batyrshayev, Kazakhstan’s Extraordinary and Plenipotentiary Ambassador to Saudi Arabia and concurrently to the Kingdom of Bahrain, said. Saudi Arabia annually spends about $22 billion on food imports. The kingdom is interested in Kazakhstani grain due to its high quality. However, high transport…
Flour production in Kazakhstan continued expanding in September. The country produced roughly 331 KMT of cereal flour, up by 4.4% YoY and by 12.3% MoM. In total Kazakh millers have managed to increase flour production in the country by 14.7% in 2016. As much as 2.93 MMT of flour was produced in Kazakhstan in this…
Kazakhstan will continue the process of diversification of the planted areas of agricultural crops: wheat areas will reduce by 2.3 million ha (from 12.4 million ha in 2016, to 10.1 million ha in 2021), the Deputy Prime Minister of the Republic of Kazakhstan, Minister of Agriculture Askar Myrzahmetov declared. Agrarians will plant barley, oats, corn,…
In September strong public interest was aroused by the Cabinet’s decision to cancel state regulation of prices and mark-ups for socially sensitive goods. This pilot project started on October 1, for a three-month period until the beginning of 2017. The project is aimed at proving the expediency of Ukraine’s current price regulation under which price…
In 2016 Kazakhstan produced one of the record harvests of grain crops in the history of the country’s independence, including 17.9 million tons of wheat and 3.3 million tons of barley, the Deputy Prime Minister of the Republic of Kazakhstan, Minister of Agriculture Askar Myrzahmetov declared. According to the announcement, in the current year Kazakhstan…
As of November 1, the registered carry-over stocks of grains and pulses in Kazakhstan totaled 18.84 million tons (up by 4.3 million tons MoM), the Statistics Committee of the Ministry of National Economy of the Republic of Kazakhstan reported. In particular, peasant and farming households stored 4.411 million tons of grains. Wheat formed the major…
In 2016 the profitability of agricultural production is expected to reach 41.8%, down by 3.8% YoY, the Director of the National Scientific Center “Institute of Agrarian Economics” Academician of the NAAS Yuri Lupenko declared. In particular, the level of profitability in plant growing commodities production will decline by 1.7% YoY, to 48.9%. The profitability of…
The necessity to additionally capitalize state-run banks will be established after assessing their credit risks in line with the resolution of the National Bank of Ukraine (NBU) No. 351 on the approval of the procedure for determining credit risks under active bank transactions by banks that was recently endorsed, Deputy Finance Minister Yuriy Butsa has…
Turkmenistan’s President Gurbanguly Berdimuhamedov held a working meeting on preparations for the first Global Sustainable Transport Conference to be held on November 26-27 in Ashgabat, the Turkmen government said in a message. He said that in modern conditions the cooperation in the transportation and communications sector gained special importance as an essential factor of global…
In January-September Kazakhstan exported 5.2 million tons of grains including flour in grain equivalent, the expert of the department of plant growing products growing and processing at the Ministry of Agriculture Sagintay Zhumazhanov declared. In 2015 Kazakhstan supplied 7 million tons of grains and flour to foreign countries. The list of traditional importers of Kazakh…
Turkmenistan is committed to constructive cooperation in the Caspian Sea region, the Turkmen government said quoting the country’s President Gurbanguly Berdimuhamedov. The head of state noted the importance of consolidating efforts to work out balanced decisions on the Caspian Sea issues, including those related to the strengthening of the legal and contractual basis designed to…
The next meeting of the Turkmenistan-Latvia intergovernmental commission on economic, industrial, scientific and technical cooperation will be held in Riga, the Turkmen government said in a message. During the meeting it is planned to discuss the opportunities of expanding the cooperation in transportation and communication sector, in the spheres of agriculture, construction, healthcare, as well…
The Uzbek Acting President Shavkat Mirziyoyev and Turkey’s President Recep Tayyip Erdogan discussed the development of a “roadmap” for expanding the Turkey-Uzbekistan cooperation during the talks in Samarkand on November 18. The two leaders discussed the prospects of the Uzbekistan-Turkey cooperation development and exchanged views on the important regional and international issues. Shavkat Mirziyoyev and…