Agriculture

Thursday, November 23

The EC warns of difficult negotiations with Ukraine over grain exports.

The EC warns of difficult negotiations with Ukraine over grain exports. European Commissioner for Agriculture Janusz Wojciechowski emphasized that since the beginning of the war in Ukraine and the abolition of customs barriers, the EU market has become the largest recipie...

Ukraine is approaching record monthly soybean exports.

Ukraine is approaching record monthly soybean exports. Ukraine has already exported 425,000 tons of soybeans in 20 days of November. If this month’s exports reach 560,000 tons, analysts said it will be an absolute record for the entirety of Ukraine&...

Monday, November 20

Since the beginning of the war, Ukraine has changed the geography of its agricultural exports.

Since the beginning of the war, Ukraine has changed the geography of its agricultural exports. Since the beginning of the full-scale war with Russia, Ukraine has been forced to change the geography of its agricultural exports, as a result of which the European share in January-October 2023 reac...

Despite the war, Rivne farmers are building new farms and processing plants.

Despite the war, Rivne farmers are building new farms and processing plants. According to Igor Tymoshenko, the deputy head of the Regional State Administration, despite the second challenging year in wartime conditions, agriculture in the Rivne region is developing, and farmer...

Italian businesses have invested in the construction of a dry port in Transcarpathia to export agricultural products to the EU.

Italian businesses have invested in the construction of a dry port in Transcarpathia to export agricultural products to the EU. The Horonda Platform, a multimodal logistics hub for the export of grain and financed by Italian investors, will be constructed in the village of Horonda in the Mukachevo district. According to Viktor...

The largest Ukrainian poultry producer and exporter has returned to profitability and increased its export sales by 25%.

The largest Ukrainian poultry producer and exporter has returned to profitability and increased its export sales by 25%. The MHP agricultural holding’s net profit for the nine months of the year reached $122M, compared with a loss of $269M for the same period in 2022, and turnover increased by 22%, amounting to $2.3B, a...

Tuesday, November 14

One of the largest agricultural holdings in Ukraine is resuming a processing project and investing $60M.

One of the largest agricultural holdings in Ukraine is resuming a processing project and investing $60M. In the fourth quarter of the year, Astarta Holding will resume the construction of an additional soybean processing line at the Globino processing plant in the Poltava region, which will allow the pro...

Due to export restrictions, a large harvest will not bring profit to Ukrainian farmers.

Due to export restrictions, a large harvest will not bring profit to Ukrainian farmers. As Deputy Minister of Agricultural Policy Taras Vysotsky said, the agricultural sector will remain unprofitable due to limited opportunities for export and low prices on the domestic market, despite a...

Monday, November 13

Ukraine has already harvested 71.5 million tons of the new harvest, and the USDA has improved its forecast for Ukrainian corn and wheat exports.

Ukraine has already harvested 71.5 million tons of the new harvest, and the USDA has improved its forecast for Ukrainian corn and wheat exports. According to the Ministry of Agriculture, as of November 10 farmers have harvested 71.5 million tons of new grain and oil crops. This figure includes more than 51.27 million tons of grain and 20.24 mi...

Friday, November 10

In October, Ukraine increased the import of dairy products by almost 30%.

In October, Ukraine increased the import of dairy products by almost 30%. In October, 6,080 tons of dairy products were imported into Ukraine, 27.8% more than in September and 35% more than in October 2022. It is noted that growth is recorded in all categories, but the larg...

Thursday, November 9

The IBRD and the World Bank provide Ukraine with $1.25B to restore agriculture.

The IBRD and the World Bank provide Ukraine with $1.25B to restore agriculture. Ukraine and the IBRD have signed a grant and loan agreement for $550M within the World Bank’s Emergency Project of Provision of Inclusive Support for the Restoration of Ukraine’s Agriculture (AR...

Monday, November 6

Large harvests allow the NBU to improve its GDP forecast for this year.

Large harvests allow the NBU to improve its GDP forecast for this year. According to the Inflation Report for October, an estimate of real GDP growth is due to a better-than-expected harvest of major crops. The National Bank improved its real GDP growth estimate by the en...

Friday, November 3

How land prices in Ukraine have changed during the second year of the full-scale war.

How land prices in Ukraine have changed during the second year of the full-scale war. The weighted average price of land in Ukraine increased by 10.4% in the first nine months of the year – up to ₴38,500 ($1,070) per hectare, according to the corresponding report of the KSE. It i...

Wednesday, November 1

The EU is considering supplying Ukrainian grain to Egypt due to the worsening situation in Gaza.

The EU is considering supplying Ukrainian grain to Egypt due to the worsening situation in Gaza. The EU is considering the possibility of providing Ukrainian grain to Egypt within the framework of the agreement between Brussels and Cairo on migration restrictions and financial support in connecti...

The World Bank will help Ukrainian farmers mobilize about $1.5B in working capital.

The World Bank will help Ukrainian farmers mobilize about $1.5B in working capital. The World Bank is implementing an emergency project to provide inclusive support for the recovery of agriculture in Ukraine (ARISE). More than 90,000 farmers will receive assistance in attracting soft...

The export of Ukrainian flour has increased by more than 20%.

The export of Ukrainian flour has increased by more than 20%. As reported by the Flour Mills of Ukraine union, Ukrainian flour producers in the 2022/23 marketing year increased the export of their products to 149,700 tons, which is 20.1% higher than the pre-war ...

Tuesday, October 31

During the first year of the war, Ukraine’s largest agricultural producers increased their income to ₴100B.

During the first year of the war, Ukraine’s largest agricultural producers increased their income to ₴100B. In 2022, total income for the top ten agrarian producers increased by 27% to ₴97.65B ($2.65B). At the same time, half of the businesses from the top ten make up the enterprises from the MHP group. The...

Ukraine’s largest sunflower oil exporter earned $299M in net profit this year.

Ukraine’s largest sunflower oil exporter earned $299M in net profit this year. According to results from the 2023 fiscal year (July 2022 – June 2023), Agroholding Kernel earned a net profit of $299M, according to the company’s financial report. At the same time, the ...

The export of Ukrainian dairy products have decreased by 10% during the year.

The export of Ukrainian dairy products have decreased by 10% during the year. During the nine months of the current year, Ukraine’s dairy product turnover was reduced by 9.7% compared to the same period last year – from $353.4 to $318.8M. It is noted that the volume of da...

Monday, October 30

The war is killing Ukrainian agricultural enterprises.

The war is killing Ukrainian agricultural enterprises. Last year, the number of working enterprises in agriculture, forestry, and fishing decreased from 51,800 to 35,600 (-31.4%). This is the largest decrease since 2012, significantly exceeding similar ec...

Wednesday, October 25

Ukraine does not have enough export channels for its agricultural products.

Ukraine does not have enough export channels for its agricultural products. The temporary sea corridor has allowed only 700,000 tons of grain to pass through Ukrainian seaports. Minister of Agricultural Policy Mykola Solsky noted during the EU Council on Agriculture meeting t...

Tuesday, October 24

Ukraine can export its products by sea without any guarantees from Russia.

Ukraine can export its products by sea without any guarantees from Russia. Negotiations on Moscow’s return to the grain agreement, from which it withdrew, no longer make sense since the humanitarian sea corridor is working successfully without the Russian Federation, t...

Ukrainian agricultural holding will receive $480M in loans for debt refinancing and other needs.

Ukrainian agricultural holding will receive $480M in loans for debt refinancing and other needs. The IFC, EBRD, and DFC will provide Ukrainian agricultural holding MHP with $480M for debt refinancing and maintenance of current activities. As reported by the IFC, it will provide $30M for the moder...

Monday, October 23

Ukraine collected 57.6 million tons of grain and exported more than 8 million tons, but losses will exceed $3.2B.

Ukraine collected 57.6 million tons of grain and exported more than 8 million tons, but losses will exceed $3.2B. As of October 20, Ukrainian farmers have already gathered 57.6 million tons of grain and oil crops in the new harvest. Ukrainian farmers collected more than 39.23 million tons of grain and 18.46 milli...

Friday, October 20

Grain export decreased by 30% despite regular movement of ships to and from ports, 25% lower freight rates, and cheaper insurance.

Grain export decreased by 30% despite regular movement of ships to and from ports, 25% lower freight rates, and cheaper insurance. Since the beginning of the new marketing season, Ukraine has exported 7.8 million tons of grain and leguminous crops, which is 3.73 million tons, or 32.3%, less than in the same period last year. Duri...

Wednesday, October 18

Romania will create five anchorages for the transshipment of Ukrainian grain in the port of Constanta; the Danube route’s capacities are increasing.

Romania will create five anchorages for the transshipment of Ukrainian grain in the port of Constanta; the Danube route’s capacities are increasing. The Ukrainian Grain Association (UGA) initiated the creation of anchorages in Romanian territorial waters for transshipment of Ukrainian grain from barges to large-tonnage ships to significantly reduc...

Tuesday, October 17

Ukraine has brought the volume of sugar exports closer to the highest historical figures.

Ukraine has brought the volume of sugar exports closer to the highest historical figures. According to official data, Ukrainian companies exported 25,000 tons of sugar in September. Since the beginning of the season (October 2022), the export of this product has reached 427,000 tons. The m...

Monday, October 16

The Netherlands will help Ukraine guarantee the security of the Black Sea export corridor and to survive the winter.

The Netherlands will help Ukraine guarantee the security of the Black Sea export corridor and to survive the winter. In particular, the Netherlands will help Ukraine to acquire patrol ships to ensure the security of the grain corridor. In addition, Volodymyr Zelenskyy announced a new decision by the Netherlands to s...

Friday, October 13

Ukraine is expanding the corridors of solidarity with Slovakia and is preparing to increase the export of agricultural products through Moldova and Romania.

Ukraine is expanding the corridors of solidarity with Slovakia and is preparing to increase the export of agricultural products through Moldova and Romania. The new transport corridor, which will pass through these countries, will allow the export of Ukrainian agricultural products to double, said Prime Minister Denys Shmyhal. “We are in active dial...

Thursday, October 12

Ukraine will be able to export 20 million tons of agricultural products by the end of this year.

Ukraine will be able to export 20 million tons of agricultural products by the end of this year. Commercial director of the Spike Brokers brokerage company, Oleksandr Solovei, said that for six months of the current marketing year, an average of up to four million tons of agricultural products wi...

Ukraine increased natural sunflower oil exports by 40%, but revenue fell.

Ukraine increased natural sunflower oil exports by 40%, but revenue fell. In January-September, Ukraine increased the export of sunflower oil by 40.3% compared to the corresponding period last year, up to 4.09 million tons. In monetary terms, exports decreased by 5.8% to $3...

Wednesday, October 11

Ukraine is launching a grain corridor with Romania, which already transits 60% of grain exports.

Ukraine is launching a grain corridor with Romania, which already transits 60% of grain exports. President Volodymyr Zelenskyy announced that a new grain corridor for exporting Ukrainian grain through Moldova to Romania should be operational soon. “In the Ukraine-Romania-Moldova triangle, w...

Thursday, October 5

Ukraine will send 75% of its grain harvest to foreign markets.

Ukraine will send 75% of its grain harvest to foreign markets. This year’s harvest of grain and oil crops in Ukraine will be at 79 million tons, 10% more than last year. Three-quarters should be sent for export, Prime Minister Denys Shmyhal said during a go...

Wednesday, October 4

Ukraine has put forward proposals for the launch of a sea corridor to export grain at full capacity.

Ukraine has put forward proposals for the launch of a sea corridor to export grain at full capacity. The Minister of Foreign Affairs of Ukraine, Dmytro Kuleba, believes that the operation of a maritime corridor to export Ukrainian grain without the participation of the Russian Federation is quite rea...

Ukraine will be able to speed up the transit of grain through Poland to the largest port on the Baltic Sea.

Ukraine will be able to speed up the transit of grain through Poland to the largest port on the Baltic Sea. Ukraine, Poland, and Lithuania agreed on a “green corridor” to transit Ukrainian grain through Poland to the Lithuanian port of Klaipeda, one of the largest on the Baltic Sea. The parties ...

Tuesday, October 3

In the midst of the war, Lebanese and Jordanian companies have invested $15M in a farm in the Kyiv region.

In the midst of the war, Lebanese and Jordanian companies have invested $15M in a farm in the Kyiv region. The companies are retooling the production facilities at the MP Agro-Trading House in the city of Tarasha, which is engaged in the breeding and harvesting of cattle. The project was implemented after ...

Poland and Lithuania will discuss the transit of Ukrainian grain.

Poland and Lithuania will discuss the transit of Ukrainian grain. It is expected that, during a meeting on Tuesday, Lithuania will take over the phytosanitary inspections of grain cargoes that are transiting through Poland from Ukraine. These inspections will take p...

Thursday, September 28

Poland still wants to ban imports from Ukraine but will consider Ukraine’s plan for grain export.

Poland still wants to ban imports from Ukraine but will consider Ukraine’s plan for grain export. Polish Prime Minister Mateusz Morawiecki emphasized that he has given an ultimatum to the President of the European Commission regarding the extension of the ban on importing Ukrainian grain after Sep...

Wednesday, September 27

Two Ukrainian agricultural producers will disappear from the Warsaw Stock Exchange.

Two Ukrainian agricultural producers will disappear from the Warsaw Stock Exchange. Ukrainian agricultural holding Kernel continues to delist its securities from the WSE, and exit proceedings will be completed in October 2023. In addition, shares of the agro-industrial group, Ovostar...

Monday, September 25

Agriculture will become a cornerstone of Ukraine’s path to the EU.

Agriculture will become a cornerstone of Ukraine’s path to the EU. With the approach of Ukraine’s accession to the EU, the number of economic disputes will increase, and they will often revolve around agriculture, according to the Minister of Agricultural Polic...

Ukraine and the EU will meet regarding the agricultural dispute on September 28.

Ukraine and the EU will meet regarding the agricultural dispute on September 28. Poland has put forward conditions, and the Prime Minister of Romania will travel to Kyiv. The European Commission will hold the next coordination platform meeting to resolve the Ukrainian agricultural...

Friday, September 22

Grain embargo: five EU countries are ready to compromise with Ukraine, but Moldova protests.

Grain embargo: five EU countries are ready to compromise with Ukraine, but Moldova protests. Ukraine’s five bordering EU countries are prepared to consider the mechanism of joint verification and approval of supplies proposed by Ukraine, Ukrainian Trade Representative Taras Kachka said....

Romania and Slovakia agreed to the grain trade system and lifted their bans.

Romania and Slovakia agreed to the grain trade system and lifted their bans. Ukraine and Romania will jointly develop a grain export control plan that will help protect Romanian farmers. This work will continue for the next 30 days. In particular, the Ukrainian side offered th...

Thursday, September 21

Poland threatens to reduce support and expand the ban on imports from Ukraine, and Ukrainian farmers demand harsh measures against countries with extended restrictions.

Poland threatens to reduce support and expand the ban on imports from Ukraine, and Ukrainian farmers demand harsh measures against countries with extended restrictions. The Polish Minister of EU Affairs said that Poland may reduce its support to Ukraine due to the crisis arising over importing agricultural products from Ukraine. In his arguments, he referred to the v...

Bulgaria will ban Ukrainian sunflower seeds, Slovakia considers the export control system acceptable, and Ukraine expects to expand its access to Baltic ports.

Bulgaria will ban Ukrainian sunflower seeds, Slovakia considers the export control system acceptable, and Ukraine expects to expand its access to Baltic ports. Bulgaria will stop importing sunflower seeds from Ukraine soon, said Prime Minister of Bulgaria, Mykola Denkov, after negotiations with farmers protesting Ukrainian agricultural imports. However, the ...

The Romanian port of Constanta will increase the transshipment of Ukrainian grain, and Poland is ready for negotiations.

The Romanian port of Constanta will increase the transshipment of Ukrainian grain, and Poland is ready for negotiations. Romanian operators at the Black Sea port of Constanta are investing in the expansion of their grain handling capacity as Ukraine ramps up exports, Reuters reports. About 2.7 million tons of Ukrainian ...

Ukraine proposes the creation of grain hubs in African ports.

Ukraine proposes the creation of grain hubs in African ports. As President Zelenskyy stated, Ukraine can create hubs for millions of tons of grain annually in sensitive areas. According to him, Ukraine has already started negotiations on such possibilities. This...

Wednesday, September 20

World wheat prices are falling after the first ship left the Ukrainian port of Chornomorsk.

World wheat prices are falling after the first ship left the Ukrainian port of Chornomorsk. According to Bloomberg, wheat futures on September 19 fell 1.3% to $5.84 per bushel after falling 2.2% the day before. Wheat futures are down about 26% this year after record harvests in parts of the ...

Ukraine offers Poland, Hungary, and Slovakia a compromise on grain export issues.

Ukraine offers Poland, Hungary, and Slovakia a compromise on grain export issues. Kyiv has presented the European Commission with an action plan for controlling the export of four groups of agricultural products, Prime Minister Denys Shmyhal said. The already approved procedure pro...

Tuesday, September 19

Last year, Ukrainian farmers’ profit decreased by 63% to UAH 87.1B.

Last year, Ukrainian farmers’ profit decreased by 63% to UAH 87.1B. The Institute of Agrarian Economics reported that this is the total profit from the agricultural, forestry, and fishing industries. The department noted that this is the highest indicator in terms of ...

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