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…