The suspension of import duties and quotas on Ukrainian exports to the European Union will be extended for another year, following today's adoption by the Council and April 23 vote in the European Parliament. The EU is thereby delivering once again on its commitment to support Ukraine for as long as it takes.
These so-called Autonomous Trade Measures (ATMs) have been in place since June 2022 and are a key pillar of the EU's unwavering support for Ukraine, providing a lifeline to the country's economy through access to the EU market.
Torrential rains have put the Brazilian state of Rio Grande do Sul — the second largest soybean-producing state — in public emergency and are causing crop losses. The accumulated rainfall last week was over 31 inches (~79 cm) with more rain expected this week.
On 7 May, the Cabinet of Ministers of Ukraine approved a draft law on the ratification of the Free Trade Agreement between Ukraine and the Republic of Turkey. Today’s decision creates the basis for completing domestic procedures for the entry into force of the Agreement. The next step is to submit the draft law for ratification by the Verkhovna Rada of Ukraine.
At its meeting on 7 May, the Government adopted a critical decision to improve the business climate in Ukraine. This was announced by Prime Minister Denys Shmyhal.
Thus, Cabinet of Ministers Resolution No. 153, which limited payments for imports of goods and services, was cancelled.
The FAO Food Price Index (FFPI) stood at 119.1 points in April 2024, up 0.3 points (0.3 percent) from its revised March level, as an increase in the price index for meat and smaller upturns of vegetable oil and cereal indices slightly more than offset decreases in those for sugar and dairy products.
This is stated in the S&P Global (Commodity Insights) material.
It is noted that the export of grain from Ukraine will fall in MY 2024/25, amid a decrease in supply and a smaller output estimate.
Ukraine's grain harvest this year will fall by 10% this year, the government estimates, which will be felt around the world, although the restoration of export capacity from Russia-threatened Black Sea ports allows the country to remain a major global supplier.
2.053 million hectares of grain and leguminous crops have already been sown on the territory controlled by Ukraine, of which, in particular:
For more than two years, Ukrainians, including 512 Astarta employees drafted into the Army, have been fighting for independence of their country at the cost of their lives and defending Europe from the worst aggression since the Second World War. At the same time, Astarta’s team, guided by its values, makes the maximum contribution to nearing Ukraine’s victory.
ccording to preliminary estimates of the Ministry of Agrarian Policy and Food, in 2024, the gross production of grains and oilseeds will be about 74 million tonnes. Of these, about 52.4 million tonnes of grains and 21.7 million tonnes of oilseeds.