FAO Food Price Index drops in August, reversing the slight rebound of the previous month.
During a bilateral meeting at the Three Seas Initiative Summit in Bucharest, First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko and Prime Minister of the Republic of Croatia Andrej Plenković discussed the issues of demining, war crimes investigation, and opening new trade routes for the export of Ukrainian grain.
Farmers of all regions of Ukraine threshed 33.7 million tons of new harvest. As of the first week of September, 29 million 309 thousand tons of grain crops were collected, the collection area is 6,697 thousand hectares, the yield is 4.38 t/ha, including:
Lloyd's of London is in talks with the United Nations over providing insurance cover for Ukrainian grain shipments if a new Black Sea corridor deal can be reached, its CEO John Neal told Reuters on Thursday.
As part of the project "Development of the Trans-European Transport Network (Ukraine - Road Corridors)" between Ukraine and the European Bank for Reconstruction and Development (EBRD), the approach roads to the checkpoints on the western border will be overhauled. This refers to the motorway M-09 Ternopil - Lviv - Rawa-Ruska towards the international checkpoint Rawa-Ruska - Hrebenne. This road is the main route connecting Lviv with Warsaw and is part of the Trans-European Transport Network (TEN-T).
At the Three Seas Initiative Summit in Bucharest on 6 September, Ukraine became an associate member of the Three Seas Initiative. According to Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, this means that Ukraine now has access to all the tools developed within the Initiative.
In August 2023, Ukrzaliznytsia transported 12.266 million tons of cargo in all types of connections. This is 13.8% more than in August 2022 and in line with July 2023, despite a drop in export shipments due to the blockage of the grain agreement.
Traditionally, the leaders in terms of transportation volumes in August 2023 were construction materials (3.203 million tons), hard coal (2.348 million tons), iron and manganese ore (2.060 million tons), and grain cargo (1.677 million tons).
Farmers in all regions of Ukraine are actively sowing rapeseed, and have started sowing winter crops for grain. As of the beginning of September, 699.7 thousand hectares of winter crops have already been sown, of which 654.9 thousand hectares are rapeseed and 44.8 thousand hectares are cereals (42.5 thousand hectares of wheat, 1.2 thousand hectares of barley and rye - 1.1 thousand ha).
Viktor Ivanchyk, CEO of Astarta, told Forbes Ukraine how the company’s first half of 2023 ended and what it will look like in five years.
The Ukrainian Grain Association has updated its estimate of the potential crop in 2023, increasing it by another 3.7 MMT to 80.5 MMT of grains and oilseeds. As a reminder, in 2022, the UGA the harvest reached 73.8 MMT of grains and oilseeds.
The increase in the forecast for this year’s harvest is due to favourable weather conditions and better crop yields than expected, although the area planted is almost 2 million hectares less than last year.