Tag: Ukraine

Glencore Agriculture completes acquisition of Everi port terminal in Ukraine

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UKRAINE – Glencore Agriculture, an exporter of agricultural commodities, has announced that it has completed the acquisition of Everi port terminal in Ukraine from Orexim group of companies. Everi is a leading vegetable oil export terminal in the city of Mykolaiv, Ukraine, offering storage and loading services to first class international and domestic clients. “This acquisition reinforces our long-term commitment to the agriculture sector in Ukraine and establishes Glencore Agriculture as a key and reliable partner within the global vegetable oil supply chain. “We are excited to operate a best-in-class asset…

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Ukrainian grain trader Nibulon secures US$27m loan from EBRD to maintain its business

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UKRAINE – The European Bank for Reconstruction and Development (EBRD) has provided a loan of up to US$27 million to Nibulon, Ukrainian agricultural company specializing in production and export of grains, to maintain the volume of trade operations amid the COVID-19 pandemic. “The funding will meet the working capital needs for purchasing, processing, storing, transporting and exporting agricultural products,” EBRD Senior Advisor for External Affairs Anton Usov said on Facebook. The financing is part of the EBRD Solidarity Package, which focuses on ensuring continuity of key businesses and services threatened by…

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Swedish agribusiness coop secures funds to expand operations in Ukraine

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UKRAINE – Lantmännen Axa, a leading producer of breakfast cereals in Ukraine that is owned by Sweden’s largest agribusiness cooperative, Lantmännen, has secured a €3 million (US$3.34 million) credit facility to expand it breakfast cereals business. The financing agreement was facilitated by The European Bank for Reconstruction and Development (EBRD) and supported by Japan-EBRD Cooperation Fund to ensure the cereal producer secures financial stability and get through the economic disruption caused by the Covid-19 pandemic. The funding will allow Lantmännen Axa to implement an investment programme to diversify its product…

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Ukraine to introduce new international standards for quality wheat

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UKRAINE – Ukraine has unveiled plans to introduce new wheat standards that meet international quality criteria. Ukraine’s Agrarian Policy and Food Ministry has announced that the new state standard of Ukraine (DSTU) for wheat is set to become effective in June this year. World Grain reports that the standards will be presented in early June and will become effective June 10. According to the ministry, development of a new standard is at its final stage, and this set to promote quality wheat produced for both the local and international markets.…

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Ukraine grain exports forecast to rise to 42.5 million tonnes

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EUROPE – Ukraine grain exports are projected to rise to 42.5 million tonnes in the 2018-19 marketing year (July-June) boosted by higher harvests expected during the period. According to Ukraine’s agriculture ministry, Ukraine expects to harvest 64 million tonnes of grain this year, compared with 61.3 million in 2017-18. The country has exported 14.1 million tonnes of grain thus far in the 2018-19 marketing year and this is forecast to top total of 39.4 million tonnes realized last year. So far this year, Ukraine has exported 3.2 million tonnes of…

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Ukraine doubles grain shipments to China with 1m tons in exports

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EUROPE – Ukraine through its grain firm, the State Food and Grain Corporation of Ukraine (SFGCU) shipped more than 1 million tonnes of grain to China in the MY 2017/18, more than double exported in the previous year, reports World Grain. According to SFGCU, 90% of the grains shipped to China National Complete Engineering Corp. (CCEC) were accounted by maize exports. The state grain firm in a statement reported it shipped more than 1.2 million tonnes of grains, corn accounting for 40% of total exports, wheat, at 37%, and barley…

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IFC launches food safety training to boost standards in Ethiopia

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ETHIOPIA – The International Finance Corporation (IFC) has unveiled a new training programme on food safety management practices aimed at boosting standards at both local and international markets. The training which involves food producers, retailers, industry experts and policy makers also has a sole purpose of developing the country’s food processing industry and putting Ethiopian produce at a better competitive advantage in the export market. In collaboration with Ethiopian Food, Medicine and Health Care Administration and Control Authority (FMHCACA), IFC organised an event focusing on empowering local producers as well…

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IFC invests US$12.5m in Ukraine meat producer

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UKRAINE – IFC, a member of the World Bank Group, is investing up to US$12.5 million in Nyva Pereyaslavshchyny, a leading Ukrainian pork producer. According to the company, the investment will support its expansion and help create jobs, modernize Ukraine’s meat production sector, and boost sustainable agriculture. The company will also build a new pig farm and a rendering plant capable of recycling up to 50 tons of waste every day, helping to reduce its environmental footprint. This is IFC’s second investment in Nyva, one of the country’s leading pork…

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Ukraine soybean production to fall 14% in 2018-19

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UKRAINE – Ukraine’s soybean production is set to fall 14% to 3.3 million tonnes despite higher expected yields than the five-year average, according to USDA’s Global Agricultural Information Network (GAIN) May 16 report. Soybean planted area for the coming crop year is forecast at around 1.5 million hectares, a 23% decline from 2017-18. While Sunflower and rapeseed planted areas are projected to increase for MY2018/19, soybean seed area will likely shrink due to recent changes in domestic tax policy. The USDA forecasts sunflower seed production in 2018-19 at 15.6 million…

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