Traditionally, representing to your attention a brief overview of the world and Ukrainian agrarian sector news.
According to the results of the auction held on May 23 at the SWOT exchange, prices for basic crops decreased after the US government officially announced plans to pay cash compensation to farmers affected by the trade conflict with China. The US government intends to pay $ 16 billion to farmers of the country starting from August of this year.
In March 2019, UKRAVIT won the UNIDO (United Nations Industrial Development Organization) tender for the implementation of the Ukrainian part of the project “Coordinated Management of Ozone Depleting Substances and Persistent Organic Pollutants …”. Under the terms of the project agreement, UKRAVIT will receive technical support to create the infrastructure for the disposal of ozone-depleting substances and persistent organic pollutants. The high temperatures required for the incineration of freon are also suitable for the disposal of unsuitable pesticides. UKRAVIT will be the first one in Ukraine to start utilizing hazardous substances. This project will allow Ukraine to fulfill its obligations to preserve the environment under ratified international agreements.
High offering of Ukrainian corn reduces prices on the Chicago stock exchange. According to the forecasts of the Ministry of Agrarian Food, Ukraine is ready to harvest a second record crop of maize in the 2019/20 marketing year – 33.1 million tons. And export quotations for new corn crop from Ukraine rose to $ 180-185 per tons on the basis of FOB-Odessa with delivery in the period October-November. According to traders, in the past two weeks a lot of corn has been traded for a new crop with delivery in December-January.
The USDA experts in the June report increased the forecast of wheat production in Ukraine in 2019/20 MY to 30 million tons, which is 1 million tons more than the previous forecast. In particular, the June forecast of wheat in 2019/20 MY is 4.4 million tons more (17%) than the gross harvest in 2018/19 MY. Experts left the forecast of wheat production for the USA almost unchanged – 51.78 million tons, which is 0.16 million tons higher than the May figure, and also by 0.49 million tons of the result of 2018/19 MY. The forecast of world ending stocks of wheat in the future season of analysts also significantly increased to 294.34 million tons.
According to USDA experts, the world production of sunflower in 2019/20 MY will decrease to 50.95 million tons compared to a record 51.47 million tons in 2018/19 MY. In particular, Ukraine will reduce production from 15 to 14.8 million tons, Russia – from 12.71 to 12.5 million tons, Turkey – from 1.8 to 1.55 million tons. Compared to last year, Ukraine practically did not increase the area of sunflower sowing.
In September-May 2018/19 MY, exports of packed sunflower oil from Ukraine grew by 26% compared to the same indicator of the last season, reaching 146 thousand tons. Reported by APK-Inform.
The decision to open the land market in Ukraine will be launched in September. This was announced by President of Ukraine Vladimir Zelensky during a meeting with the business, which was organized by the European Business Association (EBA), reports AgroPolit.com. “I support it. We want to do it this year in September after the formation of the government. We have already met with international investors”, said Vladimir Zelensky.
With kind regards, team of GC “Agroliga”.