Ukraine fails to export harvested grains

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

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Ukraine: Mevics startup raises $500,000 from UBTower

Ukraine’s Mevics has raised $500,000 from Britain’s UBTower consulting company. The company has not presented other details of the deal

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Iran to export agricultural products to Russia and the CIS

Iran 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

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Ukraine: Naftogaz bonds redemption postponed

Ukraine’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 installments during the heating season

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Ukraine: Kernel to kick off the construction of a grain terminal in Chornomorsk

Kernel, 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

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Moldova: GNFFE requesting ANRE to increase electricity tariff

Gas Natural Fenosa Furnizare Energie requests ANRE to increase the tariff for the electricity supply to the residential customers by 14.2%, to 219

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Europe: competition on corn market getting stronger

Season 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

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World: CBOT corn prices gain 4.5%

On 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

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Ukraine: rapeseed exporters deprive crushers of raw material

In 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

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Bulgaria to compensate for rapeseed shortage on the EU market

Bulgaria’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

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Moldova: electricity tariffs to increase

According to the National Energy Regulatory Agency, on December 12, the requests by RED Union Fenosa and Gas Natural Fenosa Furnizare Energie to raise the electricity tariffs were posted on the ANRE official web site as Law No 107 dated May 27, on electricity requires and the civil community has been given 15 days since the publication to develop and present its recommendations on the requests

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Kyrgyzstan: Air Manas launches Bishkek – Moscow (Zhukovsky airport) flights

On December 20, Air Manas will carry out its first flight from the Bishkek’s Manas International Airport to the airport in Zhukovsky, Russia

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Ukraine: logistics problems affecting grain exports

In the current season of 2016/2017 Ukraine’s grain market has faced a shortage of rolling stock for transporting grain freights. However, while the transport shortage was previously associated with a lack of railcars, the availability of trucks has also become an acute problem now

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Moldova: industrial output down in January-October 2016

In January-October the industrial output shrank by 0.6% YoY. According to the National Bureau of Statistics, in October it contracted by 2.2% YoY

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Ukraine: startup Sixa raises $3.5 million from three investment companies

Ukrainian company Sixa, which has developed an application for access to a high-performance virtual computer in the “cloud,” has raised $3

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Ukraine: PM expects gas production to grow in 2017

Ukrainian Prime Minister Volodymyr Groysman has said that natural gas production in the country could expand to 500 million cubic meters in 2017

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Ukraine: seaports boost handling of grains and vegoils

Ukraine’s seaports handled 4.22 MMT of vegoils in January-November, up by 16.9% YoY (3.61 MMT). The greatest handling volumes were accounted for by the following ports: Mykolaiv (1

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Ukraine: Odessa Port-Side Plant managers want beneficial price of gas

Top managers of the public joint-stock company Odessa Port-Side Plant have asked the Prime Minister Volodymyr Groysman to set the beneficial price for the plant or include it in the production chain of a gas producer, First Deputy Board Chairman Mykola Schurikov has said

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Kazakhstan continues stepping up wheat bran exports in 2016/2017

Kazakh wheat bran exports exceeded 180 KMT in 2015/2016: they totaled 181.6 KMT, or up by 31.6% YoY. In the beginning of the new season 2016/2017, Kazakh exporters continued stepping up wheat bran deliveries to foreign markets

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Ukraine: flour production not modernized due to low marginality

Low marginality of flour production does not allow Ukrainian companies-processors to realize significant investments in reconstruction of their enterprises, and denies the opportunity to improve qualitative characteristics of the final product, and reduce its production costs, the co-owner of the group of companies Ukr-Agro-Product LLC, Khlebodar and GFS Group Boris Shestopalov declared

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