Ukraine: economic effect from raising EU quotas for farmers to reach $200 million

Ukrainian Deputy Prime Minister for European and Euro-Atlantic integration Ivanna Klympush-Tsintsadze has estimated the economic impact of a possible increase in EU quotas for Ukrainian agricultural products to reach $200 million. “We received proposals yesterday, and preliminary assessments by our Ministry of Agrarian Policy stand at about $200 million. It is farm produce alone, the…

Ukraine: soybean complex conquering new markets

In the 2015/2016 Ukrainian farmers obtained all-time high soybean crop – 3927 KMT. Firstly, this result was achieved owing to acreage expansion to record 2200 thousand ha. Over the past ten years Ukrainian soybean exports increased significantly, while markets were diversified. Export geography already included 33 countries. Given the persisting demand for soybean processed products…

Ukraine: Antonov Airlines gets U.S. exemption

The U.S. Department of Transportation has granted Ukrainian operator Antonov Company (Antonov Airlines) broad air charter exemptions for flights to and from the US. These exemptions follow the U.S.-Ukraine Open Skies agreement, concluded on July 14, 2015, and became effective earlier this year. The U.S. DOT has also tentatively granted Antonov Company a foreign air…

Ukraine: barley exports hit record in August 2016

According to official data, in August Ukrainian barley exports grew by 17% YoY and equaled 1924 KMT against 1019.5 KMT. During the first two months of 2016/2017 (July-August) Ukrainian exporters shipped 2204 KMT of barley, which was an absolute record for the period in question. Traditionally in August Saudi Arabia lowered its purchases, importing 371…

Ukraine: Ukrzaliznytsia testing GE diesel locomotive

Public joint-stock company Ukrzaliznytsia is testing TE33€ freight diesel locomotive made by General Electric Corporation (the United States). “The General Electric’s locomotive is being tested in Ukraine. The tests will last for four months. All its capabilities will be tested”, Ukrainian Infrastructure Minister Volodymyr Omelyan said at the presentation of the locomotive in Kyiv. He…

Ukraine: wheat exports going up

In August Ukraine exported 2851.2 KMT of wheat, up by 50% YoY (1892.8 KMT). Over the first two months of the current season Ukrainian exporters shipped 34% more wheat than over the same period of last season (3575.5 KMT against 2662.4 KMT in July-August 2015/16). Thailand is still the key importer of Ukrainian wheat with…

Ukraine: Agroprodservice increases soybean crushing capacities

On September 15, Agroprodservice launched a new soybean crushing plant, which it had been building since March.

Crushing capacity is 40 KMT soybeans a year. Finished products will be soybean cake and non-refined soybean oil. Previously, company’s soybean cake production capacities equaled 1400 tons a month. (UkrAgroConsult/Business World Magazine)

Ukraine: soybean complex conquers new markets

In the 2015/2016 season Ukrainian farmers obtained all-time high soybean crop – 3927 KMT. Firstly, this result was achieved owing to acreage expansion to record 2200 thousand ha. According to UkrAgroConsult, over the past ten years Ukrainian soybean exports increased significantly, while markets were diversified. Export geography already included 33 countries. Given the persisting demand…