As of November 4, Ukrainian agrarians harvested 55.903 million tons of grains throughout the areas of 12.845 million ha, or 90% of the plan. The average yield totaled 4.35 ton/ha, the Ministry of Agrarian Policy and Food of Ukraine reported. At the same time, on the same date last year the production volumes reached 56.16…
Azerbaijani oil supplies will greatly reduce dependence of Ukraine’s oil refining complex on Russian oil, the Ukrainian Ministry of Energy and Coal Industry Igor Nasalik said. The protocol of intent on the supply of Azerbaijani oil to the Kremenchug refinery has been recently signed by Ukrtransnafta OJSC and Ukrtatnafta PJSC. The cooperation on the oil…
The company Nibulon plans to invest 1.5 billion UAH in construction of the terminal in Kherson region, the deputy at Kherson Regional State Administration Andrii Putilov declared. The new terminal will be completed in early 2017. The terminal is designed for grain and oil crops shipment on river and sea transport. The similar terminal in…
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.…