News

The National Bank of Ukraine has set at the level of 90 calendar days the maximum terminal deadlines of calculations for export operations classified by codes according to the UCT ZED: 1001, 1002, 1003, 1004, 1005, 1201, 1205, 1206 00, 1507, 1512, 1514, 2306, carried out since November 11, 2023.

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The Ministry of Economy of Ukraine together with MIGA agreed on the creation of a working group to speed up and optimize the investor insurance process. This was discussed during a meeting between First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko and Executive Vice President of the Multilateral Investment Guarantee Agency (MIGA) Hiroshi Matano.

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Railway operators of Ukraine, Moldova and Romania held a tripartite meeting in Chisinau, where they agreed on measures to improve transportation in the direction of Reni-Giurgiulesti-Galac and vice versa.

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During the negotiations on the unblocking of the border, Ukraine has offered the Polish authorities to open strips for empty trucks at the "Ugryniv - Dolgobychiv" and "Hrushiv - Budomezh" checkpoints. This was announced by Deputy Minister of Community Development, Territories and Infrastructure Serhiy Derkach.

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The Ministry of Agriculture and Farmers' Welfare of India included Ukraine into the list of countries that do not treat grain with methyl bromide fumigants, and exempted our exporters from paying an additional penalty. From now on, Ukrainian exporters are exempted from paying additional payments (penalties) provided for by local legislation and have the right to export grain cargoes on the condition that they are disinfected with germicides based on aluminum phosphide.

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In January-October 2023, Ukraine has exported 15 500 tons of live cattle, which is 2,6% more than in the same period last year. At the same time, in monetary terms, the export of live cattle for 10 months was 13,5% less than for the same period in 2022, amounting to 24,4 million US dollars.

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As a result of the agreements between the President of Ukraine and the Prime Minister of Great Britain Ukraine, together with a pool of insurance

companies and the British government, has developed a mechanism for covering war risks in the Black Sea corridor, which will make it more accessible to exporters.

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In January-October 2023, Ukraine jhas exported 15,47 thousand tons of cattle with a live weight of 24,41 million US dollars. This is 3% more than last year, in physical terms, but the turnover for the delivered goods reduced by 16%. In October, Ukraine has exported 701 tons of live weight cattle, which is 61% less compared to September of this year. Revenue from delivered animals amounted to 982,1 thousand US dollars and reduced by 68% compared to the previous month.

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Soybean prices increased to €10 per ton, depending on the direction. Export of soybeans almost doubled in October this year and amounted to 432 000 tons against 230 000 tons in October 2022. The share of shipments by sea and river transport was 60% against 72% in September. The largest soybean sales markets in October were European markets - 198 thousand tons, Türkiye  - 118 thousand tons, and Egypt - 72 thousand tons.

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As of November 3, in 2023/2024 marketing year, Ukraine has exported 9 million 481 thousand tons of grain and leguminous crops, which is 4 million 389 thousand tons or 1,4 times less than last year.   In 2023/2024 marketing year, 9 million 244 thousand tons of grain and leguminous crops were exported.

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