UAC News

In October 2018, soybean oil production by large and medium-sized crushers in Ukraine totaled 20.2 KMT. This is 30.3% more than in the previous month (15.5 KMT), up 27% from the same month last year (15.9 KMT) and the highest-ever volume for October.

The volume of trade between Ukraine and Turkey is increasing annually by 20%, and it can reach $4 billion in 2018.

President of Ukraine Petro Poroshenko stated this while speaking at Istanbul University, an Ukrinform correspondent reported.

According to the State Statistics Service, stocks of cereals and pulses in Ukraine totaled 22 MMT as of October 1, 2018. This is more than 3.5% from the same date last year (21.3 MMT), reports UkrAgroConsult.

Ukrainian farmers raised UAH 4.4 billion, or US$157 million, through crop receipts as of October 9.

"During the entire period of the use of crop receipts, 696 receipts worth UAH 4.4 billion have been issued, including 290 commodity receipts worth UAH 2.5 billion and 406 financial ones worth UAH 1.9 billion," the press service of Ukraine's Agrarian Policy and Food Ministry said in a statement on October 11.

In particular, 514 crop receipts totaling UAH 3.2 billion ($114 million) were issued to agricultural producers in January-September 2018, it said. "Some 74% of the total number of crop receipts have been issued this year. This shows that this financial instrument is effective and is becoming more popular with agribusinesses. Crop receipts are convenient due to their simplicity and speed of execution, as well as due to the fact that they meet the needs of small- and medium-sized businesses," the press service quoted Deputy Minister of Agrarian Policy and Food of Ukraine Olena Kovalyova as saying.