News From Agro-Industrial Complex

Defaults are no surprise in view of the 2020 fall conditions. The share of defaulted forward contracts may reach 50% for sunflower seed and roughly 40% for corn.

The contract breach consequences for all agricultural market participants (from farmers to exporters) are even beyond description, as they are predicted to be extremely negative.

The weather conditions in 2020 have surely caused heavy losses to the sunflower crop. In late October, the crop size estimate itself (12 or 14 MMT) is no longer that important – it is more necessary to emphasize an unprecedented crop decline in 2020 from the 2019 record of 16 MMT.

On September 20, during the international TRANS EXPO ODESA MYKOLAIV 2019 Forum, NIBULON put into operation its 140-m NIBULON MAX floating vessel.

During January-March 2019 Ukraine has exported 2.4 thousand MT of frozen vegetables which is 3,7% less than in January-March 2018. At that time, Ukrainian import has increased by 7,9% and reached 2.99 thousand MT.

In the south, according to the Irrigated Farming Institute, winter wheat of early and optimum planting dates after fallow and under irrigation is at the tillering stage with 3-6 tillers per plant. Where sown on October 1-15, winter wheat is at the stage of 2-3 leaves to early tillering.