Sunflower oil exports from Ukraine for 8 months 2013/2014 MY grew by 12%

 Ukraine in September-April 2013/14 MY exported 2.5 million tons of sunflower oil, which is 12% more than in the same period last year, said CEO of the «Ukroliyaprom» Association Stepan Kapshuk on March 5 at a press-conference «Oilseed market: prospects for development in the second half of the season, the harvest in 2014». He also noted that during the reporting period, the production of sunflower oil increased by 18% up to 3 million tons. In general, according to S. Kapshuk, sunflower oil production on 2013/14 MY is estimated at 4.3 million tons, exports — 3.7–3.8 million tons, which is 23% and 17% higher compared to 2012/13 MY, respectively.

Ukraine and Uzbekistan to intensify economic cooperation in agricultural sector

Ukraine and Uzbekistan to develop cooperation in the agricultural sector. This was announced on 30 April in Kiev during the meeting between the Minister of Agrarian Policy and Food of Ukraine Igor Shvayka with Ambassador of the Republic of Uzbekistan in Ukraine Alisher Abdualiev, the press service of the Ministry reports. According to the report, the parties discussed the economic cooperation between the two countries, in particular the supply of agricultural products from Ukraine to Uzbekistan and the possibility of joint production of agricultural machinery. Uzbek Ambassador praised the cooperation between Ukraine and Uzbekistan and confirmed the intention to maintain and develop relations in the agrarian sector. In turn, I. Shvayka confirmed Ukraine's interest in developing economic ties with Uzbekistan. I. Shvayka also noted that Ukraine is interested in the supply of agricultural equipment in the Republic of Uzbekistan and a joint venture with appropriate service on the territory of the state.

Ukraine and Canada to resume talks on Free Trade Zone

Ukraine and Canada will resume negotiations on establishing of a free trade zone, said the Head of Ukrainian government Arseniy Yatsenyuk in Kiev at a joint press conference with Canadian Prime Minister Stephen Harper on March 22. «We intend to resume talks between Ukraine and Canada to establish a free trade zone that were stopped two years ago»,— said Yatsenyuk. He also noted that in the framework of negotiations with the Canadian counterpart the parties agreed to boost cooperation in energy sector, the implementation of joint projects aimed at combating corruption, judicial reform and ensure the independence of the judiciary.

Ukraine increased grain exports by 40%

Ukraine since the beginning of the current marketing year (MY: July 2013 — June 2014) and as of April 4, exported 27.74 million tons of cereals, which is 8 million tons more than in the same period last MY, Interfax-Ukraine reports, citing the press service of the Ministry of Agrarian Policy and Food. According to the Ministry of Agrarian Policy, during the period Ukraine cexported 7.8 million tons of wheat, 2.15 million tons of barley and 17.5 million tons of maize. Recall, according to the State Statistics Committee, Ukraine in 2013 gathered nearly 63 million tons of grain, which is 36.3% more than in 2012. Ministry of Agrarian Policy expects grain exports from Ukraine at the level of 33 million tons in 2013/2014 marketing year.

U.S. approved establishment of world largest container carriers’ alliance

March 20. U. S. Federal Maritime Commission (FMC) approved the agreement between APMoller-Maersk, CMA CGM and Mediterranean Shipping Company (MSC) to create an alliance P3 Network. Resolution shall come into force on March 24. Waiting for approve from Chinese regulators and the European Union, reports SeaNews. FMC examined what how the creation of P3 will affect competitive situation in industry. Interestingly, the majority supported creation of the alliance. So, ports, railway operators, express carriers, large logistics companies, as well as a number of major U.S. cargo owners appraised the impact of P3 on the market positive. Among the arguments for benefit of the alliance were called: improving services for ocean routes, including greater coverage of ports; increase overall stability of the market, growth of the number of shipments and; steady flow of transit cargoes. However, Global Shippers Forum and Asian Shippers Council criticized the alliance. According to the Fashion Accessories Shippers Association, on case of approval three carriers included in the alliance will control 40-42% of the vessels on transatlantic routes and 24% of the vessels on transpacific routes. Smaller forwarding and brokerage companies concerned about the consequences, because they suppose that the big players will unite and exclude the smaller ones from the market.



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