News From Agro-Industrial Complex

Ahead of the EU-US summit on 15 June 2021 in Brussels, the EU agri-food chain, represented by Copa-Cogeca, CELCAA and FoodDrinkEurope, call on political leaders to build on the current positive momentum in the transatlantic relationship to resolve ongoing transatlantic disputes and to permanently remove retaliatory tariffs on agri-food products.

IC UAC according to copa-cogeca

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.