Ukraine: soybean productivity close to record

Ukrainian farmers continue harvesting sunflower. As of October 3, nearly 3900.4 thousand ha had been threshed, or 66% of the intended area (5916

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Ukraine: Wizz Air to service Kyiv-Bratislava flights from December 2016

Hungary’s Wizz Air, the largest low cost carrier in Central and Eastern Europe, has announced the launch of a new route from Kyiv to Bratislava (Slovakia)

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Ukraine: cement output up in August 2016

The State Statistics Service of Ukraine reports that production of cement in August increased by 15.5% YoY and now is 1’03 million tons (excluding Crimea, city of Sevastopol, part of Donetsk and Lugansk regions)

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Ukraine wants to enforce recovery of $3 billion fine from Gazprom

The Ukrainian antimonopoly committee has filed a suit to the Kiev Economic Court to enforce recovery of a $3 billion penalty from Russian gas maker Gazprom, an official of the committee reported

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Ukraine needs to build land market stimulating economic development

Ukraine needs to build the land market that stimulates the economic development of agriculture, Ukrainian Finance Minister Oleksandr Danyliuk has said

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Ukraine: 11.7 million tons of coal imported

In January-September Ukraine imported coal and anthracite valued at $1.039 billion, in particular $133.663 million in September. According to the State Fiscal Service, Russia supplied coal for $674

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Ukraine: UIA offers new pre-ordered meal options

On October 3, Ukraine International Airlines offered Economy Class passengers traveling on UIA short and medium-haul flights the new pre-ordered meal menu

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Ukraine: SFGCU exports over 11 thousand tons of flour milling goods

In July-August of the 2016/2017 marketing year, PJSC State Food and Grain Corporation of Ukraine sold more than 11 thousand tons of flour milling goods on foreign markets and became the top-performer in the rating of Ukrainian flour exporters, the Director of the Department of marketing and sales of finished goods at PJSC SFGCU Viacheslav Tsehelnyk declared

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Russia: min offers to charge VAT on purchases at foreign e-stores

Russia’s Finance Ministry has suggested charging from 2018 or 2019 value-added tax (VAT) on goods purchased in foreign online stores, according to a draft tax policy document

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Russia: products with palm oil to be labeled from January 2017

Russia will introduce labeling for products containing palm oil from January 1, 2017, Agriculture Minister Alexander Tkachyov said. “We continue our fight with palm oil and will introduce a new technical rule, where a bold-lettered writing would be placed on a package or a milk carton, so that it is impossible to miss, that there is palm oil content in the given product, already on January 1, 2017”, Tkachyov said

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Russia: 48 thousand tons of grains purchased to the intervention fund

On October 5, the National Mercantile Exchange CJSC (NAMEX) held the regular stock exchange trading within frames of public grain purchasing interventions in the regional trading platforms of Russia, and purchased 48

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Ukraine: Nibulon starts building 2nd terminal in Kherson region

Nibulon, one of Ukraine’s largest agricultural enterprises based in Mykolayiv, has embarked upon construction of its second terminal for transshipping cereal and oilseed crops onto sea and river transport in Kherson region

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Kazakhstan: new export market for oilseed processed products opened

Trade mission of Kazakh producers was held in Teheran during which negotiations with potential Iranian customers were conducted. The countries signed the Road map on trade, economical and investment cooperation in different spheres of industry and agriculture

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Kazakhstan: 2 MMT of flour exported in July 2016

In July Kazakhstan exported 11% more flour than in July 2015 (141.3 KMT against 126.8 KMT). Over 11 months of 2015/2016 Kazakhstan increased flour exports by 29% YoY

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Ukraine: new records on the sunflower oil market reached

In 2015/2016 MY the processing volumes of sunflower seed in Ukraine broke a record and reached 11.7 million tons, up by 11% YoY. Taking into account the fact that last season the general processing capacities in the country totaled 16 million tons per year, in 2015/2016 MY the average loading rate of oilseed processing enterprises totaled 73%, against 69% in 2014/2015 MY

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Ukraine: 48 notifications about the quality of exported grains received

In 2015/2016 MY, Ukraine received 48 notifications about qualitative characteristics of exported grains, which break a record, the chief specialist of the Phytosanitary security department at the State Service of Ukraine on Food Safety and Consumer Protection Elena Shakina declared

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Russia: IMF improves GDP dynamics outlook for 2016

IMF forecasts of Russia’s GDP have improved immensely since spring of 2016. The IMF has repeatedly improved its forecast for Russia’s GDP dynamics

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Ukraine: IMF forecasts GDP growth in 2017

The International Monetary Fund (IMF) forecasts Ukraine’s GDP at the level of 2.5% in 2017, according to the IMF’s World Economic Outlook

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Russia: Heineken to close production in Kaliningrad from 2017

Heineken United Breweries will suspend production at PIT Company, its affiliate in the Russian city of Kaliningrad, from January 1, 2017 to maintain efficiency, the company said in a statement

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Russia: Gazprom to invest 120-140 billion RUR in Yakutia in 2017

Russian gas giant Gazprom may invest 120-140 billion rubles in the development of the Chayanda field and in construction of the Sila Sibiri (Power of Siberia) natural gas pipeline in the republic of Yakutia in 2017, the republic’s head Yegor Borisov reported

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Russia: Gazprom fears no competition from US LNG

Russian gas giant Gazprom does not fear competition from the U.S. liquefied natural gas (LNG), Deputy CEO Alexander Medvedev said. “We are very well prepared for competition

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Egypt: Russian wheat purchased

On October 4, Egypt purchased 240 KMT of milling wheat from Russia for shipment during November 1-10, at the average price of $187.11/MT C&F

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USA: CBOT corn prices down in late September 2016

On September 22-29, CBOT corn prices declined by 2.2%. Last week heavy rains delayed corn harvesting in the USA. Farmers threshed corn from 15% of the intended area (16% in 2015), which was 4% below the five-year average

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Belarus: planting campaign of winter grains completed

Agrarians of Belarus completed the mass planting campaign of winter grain crops, the Ministry of Agriculture and Food of Belarus declared. Thus, the general planted areas under winter grains in the country totaled 1

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Ukraine: “Taipan” and other military projects at ADEX-2016

On September 30, the international exhibition of arms ADEX-2016 came to an end. Ukraine was represented by the State Concern “UkrOboronProm,” having represented Ukrainian armored vehicles, combat modules, aviation and marine industries projects, missiles and other samples of military equipment

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Ukraine: FUIB receives confirmation of the high reliability of credit and deposit ratings

Independent rating agency Credit-Rating announced the confirmation of the long-term credit rating of the First Ukrainian International Bank (FUIB) at the level uaAA

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