After a long period of low milk purchase prices in Estonia, milk retail prices in the Baltic country have increased twice, reaching the point where farmers received just enough to cover milk production costs. In 2016 Estonian consumers were paying an average of 35 cents per liter for milk in stores, while milk producers were…
Belarus satisfies a considerable part of Russia’s demand for milk, Member of the Board (Minister) for Industry and Agribusiness of the Eurasian Economic Commission (EEC) Sergei Sidorsky said. He noted that Russia was able to meet as much as 82% of its domestic demand for milk. “This is the lowest among the members of the…
The implementation of numerous measures on agriculture development for the period 2016-2020, aimed at ensuring increased yields and productivity of agricultural products, the expansion of cultivated lands for growing fruit and vegetables, resulted in increased volumes of products (services) in agriculture, forestry and fishing at 6.6% YoY. Meanwhile, growth in crop sector, animal production and…
Rice imports to Ukraine continued shrinking this season. Ukraine imported 14 KMT of rice from July till November 2016/2017, down by 35% YoY. India continues to be Ukraine’s traditional rice supplier, though with noticeably reduced shipments. 5.5 KMT of Indian rice was imported to Ukraine in the period under review against 7.9 KMT in July-November…
Last year, Ukraine supplied 4.8 million tons of sunflower oil to foreign markets, up by 23% YoY, which became a record, the association of enterprises for vegetable oils and fats production and processing Ukroliyaprom declared. Exports of fat-and-oil commodities in monetary terms reached $4.8 billion against $4.2 billion in the previous year. According to the…
The operation results of Astarta agroindustrial holding improved in all business segments in 2016, the company’s press service reported. Astarta’s plants increased sugar production by 42% in 2016/2017 agricultural year (September-August), to 505,000 tons YoY. Gas consumption per ton of sugar beet fell by 4%, to 25,100 cubic meters. In 2016 the company exported a…
S&P Global Ratings assigned its preliminary ‘B’ long-term corporate credit rating to Kernel Holding S.A. (Kernel), a Ukraine-based producer and exporter of sunflower oil and grains. The outlook is stable, S&P said in a press release. S&P assigned its preliminary ‘B’ ratings to Kernel and its proposed U.S. dollar-denominated eurobond. Final ratings will depend on…