ADM company has completed modernization of an oil-extraction plant located in Chernomorsk (Odessa region), the press-service of the company reported. ADM almost doubled the processing capacities for sunflower seed and launched the line for rapeseed processing. According to the announcement, the upgraded capacities will allow more efficiently operating in Eastern Europe, and meet all foodstuff…
The representatives of the US government confirmed their unchanged interest to continue energy cooperation with Ukraine. At the meeting, the parties discussed further steps for reforming Ukraine’s energy sector and maintaining conditions for secure gas transit to Europe via Ukraine. Andriy Kobolyev, CEO of Naftogaz, and Oleg Prokhorenko, CEO of Ukrgazvydobuvannya, have met with Amos…
Since the beginning of 2016/2017 MY, Ukraine exported 18.4 million tons of grains, the Ministry of Agrarian Policy and Food of Ukraine declared, referring to the State Fiscal Service. In particular, wheat exports totaled 10.1 million tons, corn – 4.5 million tons, and barley – nearly 4 million tons. Also, flour export volumes reached 134.2…
Minsk-based OAO Amkodor and Belarus’ Saleo Group plan to build three new plants in 2017 and implement other projects with a total investment portfolio of $500 million, Igor Kayuda, Amkodor’s Director for Innovations and Investments, reported. Chinese credits will account for 80% of project investments. As previously reported, Amkodor and Saleo Group signed three contracts…
Azerbaijan has enough potential to export its agricultural products to the US markets, Deputy Assistant Secretary of Commerce for Europe, the Middle East and Africa at the US Department of Commerce Michael Lally said. Azerbaijan has determined its way by setting the task to develop the non-oil sector of the economy, he said. Lally said…
Baku may turn into an international hub for postal shipments from Asia to Europe, Director General of the Universal Postal Union Bishar Hussein reported. Postal technologies are used for online shopping, he said. Goods and services from the Far East, China, Indonesia, and all the other countries with tiger economies can now be delivered to…
According to the State Statistics Service, sunseed stocks in Ukraine totaled 7992 KMT as of November 1, up by 6.7% YoY (7492.1 KMT). Growers held 4516.8 KMT out of this amount, while storage and crushing facilities accounted for 3475.2 KMT. Crushers increased soybean stocks by 56% to 1201.5 KMT as of November 1. At the…