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…

Ukraine: social food prices hovering

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…

Ukraine: over 0.7 million tons of sunflower oil exported in September-October 2016

According to the November balance sheets by NGO “Economic discussion club”, coordinated by the Interdepartmental working group under the Ministry of Economic Development of Ukraine, in September-October of 2016/2017 MY the export volumes of sunflower oil from Ukraine totaled 706 thousand tons. The general export volumes of sunflower oil in the current season are forecast…

Ukraine: port charges to be halved

The Infrastructure Ministry of Ukraine is planning to halve port charges. According to the ministry, Ukraine loses because of its overcharged port dues lead to shrinking freight traffic. The ministry is currently working on tariff reduction. The final approval of a new port tariffs and charges technique that would at least halve them is scheduled…

Ukraine: 16.4 million tons of grain exported

Ukraine exported 16.4 million tons of grain since early 2016/2017 agricultural year (July-June) as of November 18. Ukraine’s Agricultural Policy and Food Ministry has reported that around 9.5 million tons of wheat, 3.9 million tons of barley and around 3 million tons of corn were exported. Some 131,000 tons of flour was exported as of…