Ukraine has already exported 425,000 tonnes of soybeans in 20 days of November. If exports this month reach 560,000 tonnes, this will be an absolute record for all of the years of Ukraine’s independence, according to a weekly briefing on November 22 at the Pusk analytical cooperative, created within the framework of the Ukrainian Agrarian … Read more
One day of downtime due to a strike of Polish carriers at Ukrainian-Polish border crossing points (BCPs) costs an exporting company UAH 1 million, the European Business Association (EBA) reported based on the results of an express survey of 55 participating companies. According to the study, the total estimated amount of damage caused to the … Read more
Bratislava awaits proposals from the European Commission on a systematic solution to Ukrainian grain import issues, Slovakian Agriculture Minister Richard Takach said on Nov. 21. Slovakia’s unilateral ban on Ukrainian grain imports will remain in place until Brussels offers a systematic solution to the influx of Ukrainian agricultural products in Europe, Takach said during a … Read more
The Ukrainian government has established a new mechanism for insuring ships against war risks, significantly reducing insurance premiums for carriers involved in maritime imports and exports to and from the country. In early November, the Cabinet of Ministers approved a decision to guarantee the safety of navigation and promote the stability of maritime transport. “Ship … Read more
Ukrainian President Volodymyr Zelenskyy is initiating the extension of the ban on the export of natural gas of Ukrainian origin until the end of 2024. The instruction to the Cabinet of Ministers is enshrined in President’s Decree No. 737/2023 dated November 7, 2023, which put into effect the decision of the National Security and Defense … Read more
Tightening regulations on grain exports, the Cabinet of Ministers has amended the rules governing the export of agricultural products from Ukraine. The decree was published on Oct. 31, outlining a pilot project for verifying entities within the agro-industrial complex during martial law. The key provisions of the document are centered on entities engaged in the … Read more
In the current marketing year, Ukraine has already exported almost 9 million tons of grain. The press service of the Ministry of Agrarian Policy and Food reported this. As reported, since the beginning of the new marketing year (2023/2024), Ukraine has exported 8.72 million tons of cereals and legumes. In this marketing year, which started … Read more
Investment company Dragon Capital* has halved its GDP growth forecast for 2024 to 4.0% year-over-year, and expects the hryvnia exchange rate to reach 39 UAH/USD by the end of next year, firm said in an updated forecast economic forecast for Ukraine. “Given the dynamics of events on the front, we revise our key assumption for … Read more
The National Bank of Ukraine (NBU) has set the key interest rate at 16% as of Oct. 27, bringing it in line with the rate for overnight certificates of deposit (CDs), the NBU announced on Oct. 26. Interest rates on its other operations with banks remain unchanged. The rates for overnight, three-month CDs, and refinancing … Read more
Ukraine’s share of honey imports to the EU in 2022 was 24%, which allowed it to take second place among exporting countries, Beehive reported on Facebook, citing Eurostat data and the European Federation of Honey Packers and Distributors (F.E.E.D.M.) According to the report, in addition to Ukraine, the leading countries in honey supplies to the … Read more