Ukraine: traders exporting grain at loss

Traders are not glad with prices in the new season. World grain production continues to set new records, and puts pressure on prices. CBOT wheat futures fell to a ten-year low affecting the Black Sea export prices. Compared with early September 2015, grain prices lost no less than $10/MT. Given that Ukraine exports more than…

Ukraine: barley exports up in July 2016

According to official statistics, in July Ukrainian barley exports rose by 19% YoY. In July Ukraine exported about 1011.6 KMT against 848 KMT in July 2015. More than half of the exported barley was shipped to Saudi Arabia. Large share of barley was exported to Libya (148.3 KMT) and China (90.2 KMT). Peculiar in the…

Ukraine: Ministry of Economy to recruit CEOs for Boryspil airport, Elektrovazhmash, Ukrkhimtransamiak and Mariupol seaport

The Ministry of Economic Development and Trade (MEDT) of Ukraine opens competitive selection for CEO positions at state-owned companies Ukrkhimtransamiak (operator of ammonia pipeline), Elektrovazhmash (electric machinery producer), Mariupol Commercial Seaport and Boryspil International Airport. The ministry has invited reputable recruiting agencies to help find top-class managers with an impeccable reputation and successful track record…

Ukraine: gas production up in January-August 2016

Natural gas production in Ukraine in January through August grew by 1.6%, or 211.4 million cubic metersYoY, to 13.379 billion cubic meters. Gas production in August alone was 1.684 bcm, up by 0.1% YoY (1.682 bcm), PJSC Ukrtransgaz reported. In particular, PJSC Ukrgazvydobuvannia produced 1.212 bcm of gas, PJSC Ukrnafta’s output was 107.8 mcm, and…

Ukraine: wheat stocks down

According to Ukrainian office of statistics, as of August 1, stocks of grains and legumes were at 23.9 MMT, down by 2.5% YoY (24.5 MMT). Wheat stocks decreased by 5%, to 16.62 MMT against 17.54 MMT as of August, 1 2015. Barley stocks dropped by 5%, to 3.958 MMT. Corn stocks are 18% lower than…

Ukraine: flour output down in July 2016

According to the official statistics figures, in July Ukraine produced 148.5 thousand tons of flour, down by 7% YoY. Ukraine dropped production volumes of all types of flour products. In particular, the production of wheat and wheat-rye flour decreased by 4% to 141.2 thousand tons, of flour from other grains – by 41% to 7.2…

Ukraine: Antonov not to reassign An-225 ‘Mriya’ intellectual property rights to China

Ukraine-China cooperation in the Antonov An-225 ‘Mriya’ heavy-lift transport aircraft project boasting a 250-ton payload rules out reassignment of intellectual property rights to China, Antonov State Company said. “The An-225 cooperation agreement between Antonov State Company and Aerospace Industry Corporation of China (AICC) is a sort of a roadmap acknowledging mutual interest in collaboration fostering…

Ukraine: linseed exports up in July 2016

In July Ukraine exported 2.5 KMT of linseed compared with 0.9 KMT in June and 0.4 KMT in July 2015. Since the beginning of season 2015/2016 (September-July) exports reached 37.6 KMT against 24.6 KMT during the same period in season 2014/2015. The current season shows the best results since marketing year 2007/2008, only lagging behind…

Ukraine: Antonov and AICC agree on long-term cooperation on An-225 Mriya aircraft

Kyiv-based state-run Antonov enterprise and Aerospace Industry Corporation of China (AICC) have signed an agreement on cooperation under the An-225 Mriya aircraft program, the Ukrainian company’s press service has said. “The parties have expressed their intention to cooperate in the long-term outlook, which foresees the construction of the second sample of the modernized An-225 Mriya…

Ukraine: corn harvesting started

As of August 26, grains and pulses (including corn) had been harvested from 9772 thousand ha (68% of the intended area) compared with 10305 thousand ha as of August 26, 2015. Farmers obtained 38.223 MMT with average yields at 3.91 MT/ha (at the same date in 2015 – 37.027 MMT with average productivity at 3.59…

Ukraine: rapeseed output down in 2016

Rapeseed harvesting is complete in Ukraine. According to UkrAgroConsult estimates, rapeseed production is likely to be 30% lower than last year. Reduction of harvesting area due to significant winter rapeseed losses (234 thousand ha) was the main reason for production decline. Nevertheless, rapeseed average yields appeared to be higher than expected and even higher than…

Ukraine: Asian investors ready to work

Ukrainian President Petro Poroshenko has stated that the investors from the South-East Asia are willing to invest in the Ukrainian economy. The President said this at the meeting of the National Council of Reforms. “We have not only European investors. Our talks during the visits to the South-East Asia show that today the investors are…

Ukraine: sale of Turboatom, Electrotyazhmash, State Food and Grain Corporation in 2017 approved

The government’s committee for economic, financial and legal policy has approved of a list of enterprises to be privatized in 2016-2017, among them are Turboatom, Electrotyazhmash, the United Mining and Chemical Company, the State Food and Grain Corporation, and a state stake in Zaporozhye Titanium and Magnesium Combine LLC. A respective draft resolution was approved…