Latest news with #VitaliyKoval
Zawya
25-06-2025
- Business
- Zawya
Ukraine 2025 crop wheat prices rose over past two weeks, analyst says
KYIV - Ukrainian farmers are starting to harvest the 2025 crop and export prices for new crop milling wheat have risen by $1-$3 per metric ton in the last two weeks to $207-$215 Carriage Paid To , analyst APK-Inform said on Wednesday. The consultancy has said the increase in prices was caused by concerns about the continuation of military confrontation in the Middle East, as well as adverse weather conditions in France, China, Russia and the U.S. Wheat from the 2024 harvest was traded at $215-$227 per ton СРТ. Ukraine's producers' union UAC said last month that Ukrainian milling wheat prices may rise to $240 per ton CPT by September and $260 after January 2026 due to a smaller global harvest and weather risks. Ukrainian southern regions are expected to start wheat harvest this week and the output could be between 20 and 22 million tons, according to farm minister Vitaliy Koval. Analyst ASAP Agri sees the harvest at 21.74 million tons, APK-Inform at 21.69 million tons. Ukraine has almost completed exports of the 2024 wheat crop, shipping abroad 15.64 million tons of wheat as of June 25, farm ministry data showed.
Arab News
20-06-2025
- Climate
- Arab News
Ukraine harvests first 34,800 tons of new grain crop, ministry says
KYIV: Ukraine's farmers have started the 2025 grain harvest, threshing the first 34,800 metric tons of early grains as of June 19, the farm ministry said on Friday. Ukraine traditionally starts the harvest in the second part of June with barley and peas. Farmers had harvested 33,900 tons of barley with the average yield of 2.49 metric tons per hectare, the ministry said in a statement. Ukrainian agriculture minister Vitaliy Koval said on Thursday three southern regions, Odesa, Kherson and Mykolaiv, had started the grain harvest. Koval told Reuters this month that poor weather can cut Ukrainian grain harvest by 10 percent this year to around 51 million tons.
Reuters
06-06-2025
- Business
- Reuters
New EU-Ukraine agri trade quotas to be 'in between' current deal and wartime exemptions
BRUSSELS, June 6 (Reuters) - The European Union and Ukraine are negotiating a new deal that will set import quotas on agricultural goods from Ukraine somewhere "in between" current levels and the temporary exemptions granted after Russia's 2022 invasion, the EU's agriculture commissioner told Reuters. The EU temporarily waived duties and quotas on agricultural products in June 2022 after Russia's full-scale invasion to help Ukraine compensate for the higher costs of its exports, after Russia threatened its traditional Black Sea shipping lanes. Those tariff suspensions expired on Thursday. The EU and Ukraine reverted to the pre-war regime of trade quotas on Friday, while the two sides negotiate a new longer-term deal - in which Brussels is seeking to strike a balance between supporting Ukraine in its war with Russia, and heeding European farmers' concerns about cheaper Ukrainian imports. "What will be negotiated will be something in between the quotas under the existing DCFTA and the autonomous trade measures, the volumes that have been exported there," EU agriculture commissioner Christophe Hansen said in an interview with Reuters on Thursday. The DCFTA refers to Ukraine and the EU's pre-war trade deal. The EU's "autonomous trade measures" temporarily suspended quotas on Ukrainian imports from 2022. Ukraine's farm minister Vitaliy Koval told Reuters this week that Kyiv was pushing for an agreement on higher quotas than it had before the war. EU farmers have complained that large shipments of cheaper Ukrainian sugar imports under the wartime tariff exemptions have undercut local supplies. The EU triggered "emergency brakes" to re-impose quotas on products including sugar and eggs in the past year, in response to surging imports. The EU's Ukrainian sugar imports soared to 400,000 tons in the 2022/23 season and over 500,000 tons in 2023/24, far exceeding the pre-war quota of 20,000 tons. Hansen said the new quotas on sugar would be "significantly higher" than those under the pre-war arrangements. "I think we can absorb a certain amount of those products," he said, while noting sensitivities around sugar, poultry and eggs. Negotiations on the new EU-Ukraine deal started on June 2. Hansen said it was feasible a deal could be reached by summer. "It depends now on both sides, I think technically that could be feasible," he said. Agricultural goods accounted for about 60% of Ukraine's total exports last year, with the EU buying around 60% of those goods, worth about $15 billion. A senior Ukrainian lawmaker said last month the loss of tariff-free access to the EU market could cost the country 3.5 billion euros ($3.99 billion) in annual revenue. "Our solidarity with Ukraine is as firm as ever, and therefore we are very committed to deliver this agreement as quickly as possible," Hansen said. The pre-war quota regime, which applies as of Friday, also includes lighter rules on import licenses for some goods like poultry and eggs, where instead of requiring licenses, quotas will be allocated on a first-come, first-served basis. ($1 = 0.8763 euros)
Straits Times
06-06-2025
- Business
- Straits Times
New EU-Ukraine agri trade quotas to be 'in between' current deal and wartime exemptions
New EU-Ukraine agri trade quotas to be 'in between' current deal and wartime exemptions BRUSSELS - The European Union and Ukraine are negotiating a new deal that will set import quotas on agricultural goods from Ukraine somewhere "in between" current levels and the temporary exemptions granted after Russia's 2022 invasion, the EU's agriculture commissioner told Reuters. The EU temporarily waived duties and quotas on agricultural products in June 2022 after Russia's full-scale invasion to help Ukraine compensate for the higher costs of its exports, after Russia threatened its traditional Black Sea shipping lanes. Those tariff suspensions expired on Thursday. The EU and Ukraine reverted to the pre-war regime of trade quotas on Friday, while the two sides negotiate a new longer-term deal. "What will be negotiated will be something in between the quotas under the existing DCFTA and the autonomous trade measures, the volumes that have been exported there," EU agriculture commissioner Christophe Hansen said in an interview with Reuters on Thursday. The DCFTA refers to Ukraine and the EU's pre-war trade deal. The EU's "autonomous trade measures" temporarily suspended quotas on Ukrainian imports from 2022. Ukraine's farm minister Vitaliy Koval told Reuters this week that Kyiv was pushing for an agreement on higher quotas than it had before the war. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Reuters
03-06-2025
- Business
- Reuters
Ukraine plans to boost food processing as preferential EU trade ends
KYIV, June 3 (Reuters) - Ukraine plans to change its policy on agricultural exports to adapt to the expected end of free access to the lucrative EU market, potentially reducing raw material exports while stepping up domestic food processing, its farm minister told Reuters. Agricultural goods accounted for about 60% of Ukraine's total exports of $41.6 billion last year, with the European Union buying around 60% of those goods, worth about $15 billion. The EU temporarily waived duties and quotas on Ukrainian agriculture after Russia's full-scale invasion in 2022, but that arrangement is due to expire on June 5. With EU farmers lobbying hard for restrictions to be placed on cheap Ukrainian competition, the free trade regime is set to be replaced by quotas, the final volume of which should be agreed between Ukraine and the EU by the end of July. A senior Ukrainian lawmaker said last month that the end of EU preferential trade could deprive Kyiv of 3.5 billion euros in annual revenue, a hole other markets will be unable to fill. Asked how Kyiv would cope, farm minister Vitaliy Koval said in an interview: "There will definitely be changes in export policy, and they will be driven by cold calculation, as we understand that we will suffer losses if the trade regime (with the EU) changes." He did not specify what measures might be taken, but said domestic production was a "matter of national interest" and the government's strategy. Currently, Ukrainian farm exports are not taxed, but oilseed processors have already proposed that the government limit the export of oilseeds in order to increase domestic production of vegetable oil. That could boost exports of processed oils, which are more profitable than raw material oilseeds. Koval said Ukrainian oilseed processing plants were working at only about 65% of capacity and his ministry was "exploring all ways to utilise our Ukrainian processing plants in order to create additional value and processing products". Ukraine traditionally exports about half of its soybean harvest and the major part of its rapeseed harvest. Koval said Ukraine needed to do more to take advantage of its own raw materials. "If someone thinks that we can be forced by certain methods into becoming a natural resource-supplying colony, which will supply the raw materials that are favourable to someone - that will not happen," he said. Koval added that Ukraine was pushing for an agreement with the EU on better terms than it had before the war. "There will definitely be quotas, we hope there will be an expansion of quotas compared to 2021," he said. ($1 = 0.8780 euros)
