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.
Today, five shipbuilding orders are in their different construction stages at NIBULON’s shipyard.
On September 20, during the international TRANS EXPO ODESA MYKOLAIV 2019 Forum, NIBULON put into operation its 140-m NIBULON MAX floating vessel.
NIBULON’s newly-built Ternivska branch in Vilniansk district (Zaporizhzhia region), which was officially inaugurated on July 2, celebrates two months of operation.
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.
Ukraine as of October 20 had threshed 47.8 million tonnes of grain and leguminous crops from 12.1 million ha, according to a posting on the website of the Agricultural Policy and Food Ministry of Ukraine.
The end markets of Ukrainian linseed were diversified considerably in the 2016/17 season, when its importers numbered 50 countries. In addition, the key buyers stepped up purchases from Ukraine: they absorbed a combined 90% of all the linseed shipped abroad.
Ukraine might lose its second largest wheat export market, Egypt, due to new wheat import requirements that favour rival Russia, Ukraine's acting agriculture minister Maksym Martyniuk said.