U.S. Department of Agriculture raises forecast for export of Ukrainian sunflower oil

The U.S. Department of Agriculture (USDA) in December raised its forecast for the export of sunflower oil from Ukraine in the 2019/2020 marketing year (MY, September-August) by 200,000 tonnes compared to the November forecast, to 6.2 million tonnes, sunflower meal by 100,000 tonnes, to 4.85 million tonnes. The forecast for sunflower exports from Ukraine this month is increased by 50,000 tonnes, to 150,000 tonnes.
As reported, in 2018 Ukraine harvested 13.7 million tonnes of sunflower, 4.4 million tonnes of soybeans, and 2.6 million tonnes of rapeseeds.
Source: USDA


Foreign investments in Ukrainian agriculture increased

For January-November of 2019, foreign investments in the agricultural industry of Ukraine increased by 16.4% compared with the same period last year — from USD 461 million to USD 537 million. The growth rates of foreign investment in the industry are three times higher than the growth rates in the whole Ukrainian economy, said Deputy Minister of Economic Development, Taras Vysotskyi T.Vysotskyi.
Source: Ministry of Economic Development, Trade and Agriculture


Chinese company to invest USD 200 million in construction of corn processing plant

The Chinese company plans to invest nearly 200 million USD in the project of construction of a new high-tech plant for deep processing of corn in the industrial park Chortkiv-West (Chortkiv, Ternopil oblast). The plant will produce fructose, lysine and glutamic acid. In the future it is planned to build two more plants.
Source: Chortkiv municipal administration


Managing Partner of Biopharma could build lysine plant in Ukraine

Managing Partner of Biopharma Kostiantyn Yefymenko is considering the possibility of building a lysine plant in Bila Tserkva (Kyiv region), which is used as a feed additive in animal husbandry.
As reported, the German pharmaceutical company STADA buys the pharmaceutical business of prescription and over-the-counter drugs of the Biopharma manufacturer of blood-derived products. The transaction is expected to close in December 2019.
Source: Biopharma


Ukraine increases export of poultry and pork in January-November

Ukraine in January-November 2019 increased export of poultry by 23.4%, to 375,110 tonnes. In monetary terms exports of these products rose by 12.7%, to USD 531.74 million.
Pork exports in January-November 2019 amounted to 2,050 tonnes compared to 1,650 tonnes for the same period in 2018. These products were delivered for USD 4.69 million against USD 3.55 million for the eleven months of 2018.
Source: State Fiscal Service


Ukrainian A.G.R. group intends to become public company and mulling IPO

A.G.R. Group agricultural holding intends to become a public company and is mulling an IPO. According to Svitlana Korytska, the corporate investment director, A.G.R. Group conducted the restructuring of the holding, received positive audit conclusions from KPMG.
A.G.R. Group is an agricultural holding with 19 companies. Its core business is the cultivation of grain crops, mainly corn and soybeans. The holding is also engaged in animal husbandry and grain storage. The land bank of the agricultural holding is 28,800 ha. The founder and sole shareholder of A.G.R. Group is Misak Khidiryan.
Source: press release of holding


European Investment Bank launches EUR 400 million project to provide financing for small and medium agricultural enterprises Ukraine

The European Investment Bank (EIB) has launched a EUR 400 million project to provide long-term financing for small and medium enterprises in the agricultural sector of Ukraine. “The cereals, oil seeds and aquaculture/fisheries value chains are being targeted by the program, as they have been identified as being best placed to satisfy domestic demand for quality produce and to increase the competitiveness of the sector and its exports to the EU and global markets,” according to the document.
Source: EIB


Kernel signs first non-deliverable forward contract in Ukrainian market

One of Ukrainian banks and the large Ukrainian agricultural holding Kernel signed a first non-deliverable forward (NDF) contract in the history of Ukraine last week. “This is the first transaction to hedge currency risks of this type in the Ukrainian market. Earlier, deliverable forward contracts were also concluded in the market, but their share is still insignificant and has great potential for growth,” the regulator said in a statement last week.
According to NBU Deputy Governor Oleh Churiy, with a floating exchange rate, business owners and financial directors should pay attention to hedging tools that are already available in Ukraine. These are, in particular, deliverable and non-deliverable forward contracts, which can be concluded with banks for export-import operations or loans from nonresidents.
Source: National Bank of Ukraine (NBU)

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