In January-September Commercial Sea Port Yuzhny handled 29,609,000 tons, down by 16.5% YoY, according to the Ukrainian Sea Ports Authority. In the reporting period, transshipment of liquid bulk cargo fell by 8.7% to 3.01 million tons including 252,000 tons of oil products (-13.2%), 739,000 tons of vegetable oil (+12.2%) and 2.01 million tons of chemicals…
DetailsSkadovsk maritime merchandise port on October 6, serviced the first ferry from Turkey running the Skadovsk-Zonguldak route the operation of which had been resumed. Skadovsk Town Council said that the ferry voyages were resumed thanks to efforts of the port’s team. The ferry arrived without cargo to test the possibilities of moving in the sea…
DetailsRussian Energy Minister Alexander Novak expects the international oil surplus to fall by about 1 million barrels per day (bpd) until the end of 2016, Novak reported. On September 27, the Organization of the Petroleum Exporting Countries agreed to cut output by between 200,000 and 700,000 barrels a day. The 14-nation oil-producing group controls over…
DetailsRussia’s consumer price inflation will amount to 5.4-5.5% in 2016, below the official forecast of 5.8%, Economic Development Minister Alexei Ulyukayev reported. “Our accumulated inflation now stands at 4.1% since the start of the year and 6.4% compared with the corresponding last year period”, he said. “It will be around 0.4% in each of the…
DetailsRussia has agreed to cut the 2016 gas price and has outlined a plan of further reductions for the next few years for Belarus, while Minsk agreed to redeem a $300 million debt for past deliveries, government officials said. “The debt, which has accrued for January gas payments will be redeemed fully until October 20.…
DetailsRussia is considering shipping 100,000 tons of wheat to Syria as humanitarian aid, a source at Russia’s Agriculture Ministry reported, adding this volume could be supplied via the Black Sea and paid for by Russia’s government. “We will decide on this by the year-end”, the source said. He added that Russia would be also ready…
DetailsVTB Capital, an investment advisor on privatization of the government’s 25% stake in Russian shipping company Sovcomflot, has submitted a report to the Economic Development Ministry in which it said that the stake might be sold in 2017 in parts on the Moscow and New York stock exchanges, Minister Alexei Ulyukayev reported. “Sovcomflot (privatization) may…
DetailsAs of October 6, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 43.3 million ha (on the same date in 2015 – 40.7 million ha), or 91.6% of the planned areas (47.3 million ha). The produced volumes reached 112.8 million tons of grains, with the average yield…
DetailsSince the beginning of 2016/2017 MY and as of October 5, the volume of grain exports from Russia totaled 10.402 million tons, down by 4% YoY (10.819 million tons), the Ministry of Agriculture of the Russian Federation declared, referring to operative data of the Federal Customs Service of Russia. According to the announcement, the wheat…
DetailsAlmost 25 years after watching the Dawn of Communism collective farm where he grew up land in the dustbin of history, Andrey Burdin is helping turn Russia into something the communists never could: a grain-export powerhouse. Over the last few years, Burdin has tripled the size of his farm on the steppe near the Black…
DetailsAt the end of September winter crops in the major part of the country were at different stages of development, depending on sowing terms – from emergence to tillering. Conditions and soil moisture stocks were mainly satisfactory. Warmth was insufficient for growth and development of winter crops. Last week rains in the major part of…
DetailsRussia and Turkey have agreed to complete the work on a joint agreement on trade in services and on investments by the end of the next year, Russian Minister of Economic Development Alexei Ulyukayev said, adding that this agreement would provide better protection to investors and would create new possibilities for them. “We have stated…
DetailsRussia’s average daily oil and gas condensate output grew to 11.2 million barrels daily in October from 11.11 million barrels in September, setting a new post-Soviet record high, Bloomberg reported, citing preliminary data of CDU TEK, an agency that provides data and analysis to the Russian Energy Ministry. Russian Energy Minister Alexander Novak said that…
DetailsThe share of Ukrainian professionals involved in Boeing projects has increased significantly over the past three years – from 0.1% to 2%. According to the press service of the Progresstech-Ukraine engineering company, its director Andriy Fialkovsky said this at the international aviation forum Aerocongress 2016. Three years ago the share of Ukrainians involved in modeling…
DetailsOpening of new enterprises manufacturing added-value products is a proof that Ukraine experiences growing investment levels. This was stated by Prime Minister of Ukraine Volodymyr Groysman after opening of the company Bila Tserkva Plant of Preparation Forms. “The task of the government today is to create conditions so that such companies could appear every week…
DetailsThe President of Ukraine Petro Poroshenko has held a meeting with the Minister of Environmental Protection, Minister of Jerusalem Affairs Ze’ev Elkin. As Head of Israeli part of the Joint Ukraine-Israel Commission for Trade and Economic Cooperation, the Minister has informed the President on the results of its regular session held in Kyiv on October…
DetailsIn 2015 Naftogaz Ukrainy increased production of oil and condensate by 20.7% YoY, to 318,000 tons (2.33 million barrels). According to a company consolidated report, posted on its website, commercial gas production was 192 million cubic meters, up 4.8 times YoY. In general, since the launch of the project in Egypt in 2009 a total…
DetailsMyronivsky Hliboproduct (MHP) plans to increase poultry output at its plant in the Netherlands to 10,000 tons per month, MHP Chairman Yuriy Kosiuk has said. “Today we’ve reached 1,500 tons a month. I think our goal is 10,000 tons per month”, he reported. However, he found it difficult to say how soon this volume of…
DetailsAfter long term September drought rains were observed throughout the whole territory of Ukraine last week. Thus, heavy rains were seen in Lvov region (Western Ukraine) – on October 4, daily precipitation totaled 54.3 mm –a lmost a monthly norm (95%). In Kharkov region 10 days precipitation amount varied within 5-12 mm, or 38-92% of…
DetailsIn January-September the grain terminal JSC Ak Biday Terminal, the subsidiary company of National Company Food Contract Corporation JSC, exported nearly 402.1 thousand tons of grains through its grain terminal in the Aktau port, the press-service of Food Contract Corporation declared. According to the announcement, in the same period of 2015 the shipped volumes totaled…
DetailsDecrease in prices for milling wheat was seen at the export market of Kazakhstan. Last week export prices for 12.5% wheat decreased by $20-22 on average in the Aktau port to $163-170/MT FOB. New wheat crop, which is expected to be the highest in Kazakhstan over the past five years, puts pressure on prices. Export…
DetailsInvestment interest in Ukraine is restrained by the unfavorable business environment in the country, according to participants of the Kyiv International Economic Forum. According to Ambassador of Canada to Ukraine Roman Waschuk, Canadian investors are interested in entering or expanding activities in Ukraine. At the same time, they are interested in certain guarantees of investment…
DetailsIn the following 15-20 years, Russia will cover nearly 15% of the global food market, and increase the sum of agricultural exports to $150 billion, specialists of the International Independent Institute of Agricultural Policy (MNIAP) forecast. According to the head of MNIAP Elena Skrynnik, globalization of the Russian agricultural exports is one of the main…
DetailsOn October 3-9, export volumes of grains from the Russian seaports reached 325.8 thousand tons against 425.8 thousand tons shipped on the previous week.
In particular, wheat shipments totaled 238.3 thousand tons, barley – 14.2 thousand tons, corn – 70.4 thousand tons, and peas – 3 thousand tons. (APK-Inform/Business World Magazine)
In January-July Azerbaijan imported wheat from Kazakhstan valued at $3.2 million, or 73% of the general volume of Kazakh exports to the country, the Minister of Industry and Energy of Azerbaijan Natig Aliyev declared. Kazakhstan is the strategic partner of Azerbaijan in the issue of food security. Azerbaijan is a regular customer of Kazakh wheat,…
DetailsAccording to the results of the second review of implementation of the IMF program by Ukraine, the fund is “impressed” by the government’s efforts to carry out reforms and renew its economy. Director of the IMF’s European Department Poul M. Thomsen said this during a press conference in Washington. “We see that (economic) policy is…
DetailsUkrainian Foreign Minister Pavlo Klimkin says that trade turnover between Ukraine and Russia will not exceed 4-5%.
“We cannot retain previous economic ties with Russia. We will never return to a large volume of trade turnover with Russia. Earlier, the trade turnover reached 37%. Now it can total 4-5%”, Klimkin said. (Ukrinform/Business World Magazine)