On October 4, Egypt purchased 240 KMT of milling wheat from Russia for shipment during November 1-10, at the average price of $187.11/MT C&F. The price at the previous tender equaled $187.03/MT C&F. The purchase included: 60 KMT of Russian wheat from Union at $186.32/MT C&F ($177.77/MT FOB with a freight rate of $8.55/MT); 120…Details
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On September 22-29, CBOT corn prices declined by 2.2%. Last week heavy rains delayed corn harvesting in the USA. Farmers threshed corn from 15% of the intended area (16% in 2015), which was 4% below the five-year average. However, favorable weather conditions established in many producing regions, which allowed increasing the harvesting pace, and pressured…Details
Agrarians of Belarus completed the mass planting campaign of winter grain crops, the Ministry of Agriculture and Food of Belarus declared. Thus, the general planted areas under winter grains in the country totaled 1.3 million ha (100.5% of the plan). In particular, Mogilev region planted winter crops throughout 113% of the plan, Minsk region –…Details
On September 30, the international exhibition of arms ADEX-2016 came to an end. Ukraine was represented by the State Concern “UkrOboronProm,” having represented Ukrainian armored vehicles, combat modules, aviation and marine industries projects, missiles and other samples of military equipment. On the first day of the exhibition, September 27, President of the Republic of Azerbaijan…Details
Independent rating agency Credit-Rating announced the confirmation of the long-term credit rating of the First Ukrainian International Bank (FUIB) at the level uaAA. The rating outlook is stable. The agency has also confirmed the deposits reliability rating of the bank at the level of “5” (highest reliability). The rating was updated on September 29. When…Details
Yuzgas B.V. (the Netherlands) and its parent company, Emerstone Energy investment fund (Luxembourg), will consider the disclosure of their ultimate beneficiaries after they agree on the main provisions of the agreement on Yuzivska deposit with the government of Ukraine, reads a letter to Ukraine’s Energy and Coal Industry Minister Ihor Nasalyk, promulgated by MP Viktoria…Details
Ukraine, as well as the whole world, has faced unprecedented economic challenges. Unfortunately, the global economy still feels the effect of 2008 economic crisis, which means new challenges, both for domestic agricultural sector, and for oil and fat business in particular. It’s no secret that Ukraine mainly operates in raw materials markets. A 50% and…Details