In September corn shipments from Ukraine were minimal over the last seven years due to harvesting delay and exporters’ focus on wheat exports. During the first month of season 2016/2017 Ukraine supplied 56.7 KMT of corn to foreign markets, down by 63% YoY (150.3 KMT). Egypt was the largest importer of Ukrainian corn in September…
According to the State Statistics Service, during the first 9 months of 2016 the general turnover of foreign trade of Ukraine in agricultural products (groups 1-24 of UKT VED) totaled $13.5 billion, up by 2.3% YoY, the Deputy Director on scientific work at the National scientific center “Institute of agrarian economy” Nikolai Pugachev declared. He…
The European Investment Bank (EIB) is considering the possibility of financing the projects of Ukrainian grain market operators to expand and modernize their logistics infrastructure, according to the website of this international financial institution. “The project is expected to remove existing bottlenecks related to transportation and storage of cereals, reduce the in-land transportation costs as…
The European Bank for Reconstruction and Development (EBRD) expects the Ukrainian economy to grow in the current year by 1.5% and the growth will accelerate to 2% next year. According to the bank’s updated forecast, compared to May this year the forecast for 2016 was downgraded by 0.5%, while for 2017 it was retained unchanged.…
The Cabinet of Ministers of Ukraine takes into account lawmakers’ proposal to retain the 2017 national budget deficit at 3% of the gross domestic product (GDP) when finalizing the draft state budget for the second reading, Prime Minister Volodymyr Groysman has said. “We believe that the balance will be maintained, the deficit will be at…
Ukrainian Energy and Coal Industry Minister Ihor Nasalyk has proposed to put shelf fields seized by Russia to sign product sharing agreements (PSA) with foreign companies. “If we let courts hear all these things, nothing would happen and nothing would be taken from Russia. We have another proposal. I think that it would settle the…
In the current season, the prices for rye in Ukraine are comparable to the prices for feed wheat, which will possibly lead to increasing the planted areas of rye, the Commercial Director of Rivne-Boroshno PJSC Roman Tsaruk declared. According to Tsaruk, the composition of Ukrainian soils will contribute to increasing of rye planted areas, because…