Due to the problems with logistics of agricultural products, Ukraine will fail to export the harvested grain volumes, the founder and CEO at the Agri-industrial holding Astarta Viktor Ivanchyk declared. Thousands of rail cars were taken out of service, the number of motor transport reduced, because many vehicles became disabled, and there is no upgrade…
DetailsUkraine’s Mevics has raised $500,000 from Britain’s UBTower consulting company. The company has not presented other details of the deal. The Mevics team has created a gadget, which controls posture and synchronizes it with smartphone using Bluetooth. The price of the gadget would vary from $80 to $100. The team is working on the new…
DetailsIran is interested in the exports of agricultural products to the Russian Federation and other CIS countries through the territory of Azerbaijan, the Governor of the Iranian province Golestan Hassan Sadiq declared. According to the governor, Golestan takes an important position in development of agriculture in Iran. Sadiq noted that the province had a well-developed…
DetailsUkraine’s Cabinet of Ministers has postponed redemption of Series A, B and C 4.8 billion UAH bonds issued by the national joint-stock company Naftogaz Ukrainy for one year (until the end of 2017) to allow the company to have working capital in the conditions of permitting Ukrainians to pay 50% of the heating bills in…
DetailsKernel, Ukraine’s major farming holding, is planning to kick off the construction of a new grain terminal in Chornomorsk as soon as in the coming months, the company’s management said. The terminal is designed to handle 4 MMT of grain a year. The investment amount is projected at $100 million. The construction of the facility…
DetailsGas Natural Fenosa Furnizare Energie requests ANRE to increase the tariff for the electricity supply to the residential customers by 14.2%, to 219.3 bani per 1 kW-h. The company petitioned the National Agency for Energy Regulation on the approval of the new tariffs, and applying them from January 1, 2017. Currently, the residential consumers connected…
DetailsSeason 2016/2017 was marked with second in a row low corn crop in top-producing EU countries – France, Romania, Italy and Spain. According to European Commission’s estimates, EU corn crop totaled 59.073 MMT in 2016/2017, almost in line with last year volume – 59.066 MMT at the expense of higher production in other top producers…
DetailsOn December 1-8, CBOT corn prices gained 4.46%. On the spot market US corn export prices recovered to the previous week’s level. Brazilian corn prices increased on average by $7/MT, while Argentinean corn prices rose by $4/MT. CBOT futures were supported by the following factors: positive data on ethanol production in the USA and lack…
DetailsIn the current season (2016/2017) strong rapeseed demand from European countries due to a poor harvest has provoked a substantial decline in rapeseed crushing in Ukraine, Julia Garkavenko, chief oilseeds market expert of UkrAgroConsult notes. According to calculations, Ukrainian fat-and-oil companies processed about 200 KMT of rapeseed in July-November against 300 KMT at the same…
DetailsBulgaria’s 2016/2017 rapeseed planted acreage was reduced by 2.3% to 170 thousand ha that is somewhat below its long-term average. Favorable weather conditions allowed farmers to get a record rapeseed yield in 2016/2017. The total rapeseed crop consequently hit 493.1 KMT in 2016/2017, i. e. exceeded the most optimistic expectations. Overall, the first months of…
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