Ukraine: barley exports down in May 2016

In May Ukraine exported 111.9 KMT of barley compared with 111.15 KMT in May 2015. During July-May of season 2015/16 Ukraine exported 4308.6 KMT of barley, down by 3% YoY (4440.2 KMT). Market operators estimate that additional 50 KMT of barley were exported in June, while in June 2015 barley exports totaled only 3.12 KMT.…

Ukraine: Naftogaz unbundling plan adopted

On July 1, the Cabinet of Ministers of Ukraine (the CMU) approved of a comprehensive plan for restructuring of national joint stock company “Naftogaz of Ukraine” in line with the new law “On the natural gas market” adopted by the Parliament on April 9, 2015. Naftogaz’s unbundling has been a key aspect of the Ukrainian…

Ukraine: oil crops conditions are good

Hot weather and irregular rains accompanied by hail and thunderstorms in some regions were observed during last ten days of June. In some districts of the southern and central regions, where rains were the most intense, the daily maximum precipitation amount was sometimes higher than two-week norm. The average daily air temperature was 20-28 C…

Ukraine: agreements to complete two reactors of Khmelnitsky NPP reached

Ukraine’s program to stop importing gas envisages the increase in electricity generation, thanks to completion of two reactors of Khmelnitsky nuclear power plant (NPP) and construction of hydroelectric power plants (HPP), Ukrainian Energy and Coal Industry Minister Ihor Nasalyk said. “Agreements to complete two reactors of Khmelnitsky NPP have been reached. In addition, last week…

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Ukraine: international reserves keep increasing

Preliminary data suggests that as of July 1, Ukraine’s international reserves amounted to the equivalent of $13.98 billion. The stock of international reserves keeps increasing for a third consecutive month. In June, international reserves expanded by 3.3% MOM, or by $452 million. In annual terms, international reserves rose by 36.3% YoY. June’s increase in international…

Ukraine: hearings of Naftogaz and Gazprom’s gas contract in Stockholm arbitration court to start late September 2016

Hearings by the Arbitration Institute of the Stockholm Chamber of Commerce in litigation between national joint-stock company Naftogaz Ukrainy and Russia’s Gazprom over the natural gas supply and transit contracts signed early 2009 will start late September and late November or early December, respectively, Naftogaz Ukrainy board chairman Andriy Kobolev said. He said that the…

Ukraine: Gazprom’s claims against Naftogaz for take-or-pay condition to reach $60 billion

The total claims of Russia’s Gazprom against the national joint-stock company Naftogaz Ukrainy for the take-or-pay condition outlined in the 2009 contracts and challenged in court could reach $60 billion by 2020, Naftogaz Ukrainy commercial director Yuriy Vitrenko has said. He said Gazprom’s claims had so far amounted to $29.2 billion, and, taking into account…

Ukraine: corn stocks down

According to the State Statistics Committee, as of April 1, stocks of grain and pulses in Ukraine totaled 7.98 MMT, down by 20% YoY. Corn stocks decreased by 36%, to 3.073 MMT compared to 4.814 MMT on June 1, 2015. Wheat stocks went down by 3.6%, to 3.867 MMT, barley – by 13%, to 693…

Ukraine: palm oil imports down in May 2016

In May Ukraine imported 11.8 KMT of palm oil against 7.7 KMT in May 2015. Slight reduction in this product imports was observed for the second consecutive month. In April Ukraine imported 14 KMT. This reduction didn’t have a great impact on the season’s results. During the first nine months of the current season (September…