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Sunflower

EU agrees €50 billion loan for Ukraine, which will support Hryvnia exchange rate EU leaders have agreed to provide 50 billion euros in macro-financial assistance to Ukraine, European Council President Charles Michel said. "The decision, supported by all 27 EU member states, will ensure stable, long-term and predictable financing for Ukraine. The EU, aware of what is at stake, is taking the lead and responsibility in supporting Ukraine," Michel stressed. In 2024, Ukraine will need to attract $37-40 billion in external financing, part of which will be EU assistance. US aid would be very important, the decision on which the Trump-controlled Republicans are delaying to use as an argument in the US presidential election. In January, the revenues of the state budget of Ukraine amounted to UAH 154.9 billion, of which UAH 140.6 billion were internal revenues and UAH 14.6 billion were external revenues, mainly taxes: Taxes - UAH 60.2 bn, customs - UAH 47.3 bn, OVDP - UAH 32.8 billion, international assistance - $0.4 billion (UAH 14.6 billion). The work of the economy (without debts and grants) brought UAH 107.5 billion to the budget, which is a good indicator for peacetime, but now it is a very weak result, as similar volumes remain in the shadows. In January, compared to December, the National Bank reduced the volume of interbank currency sales by 28.7%, from $3.553 billion to $2.533 billion. According to the Ministry of Finance of Ukraine, the state and state-guaranteed debt has doubled since the beginning of the war, reaching $145.3 billion or UAH 5,519.5 billion as of 31 December 2023. In 2023, the government debt grew by 35.4% in hryvnia, or 1,444 billion hryvnias, and by 30.4% in foreign currency, or $33.9 billion. The interbank rate of the dollar remained in the range of 37.5-37.6 UAH/$ this week. Experts believe that the receipt of US and EU aid will allow the hryvnia to remain at the level of 37.5-38 UAH/$, otherwise the exchange rate may rise.

EU countries and Ukraine Will Meet to Solve the Grain Problem

Posted on 25. September 2023

A meeting of the Coordination Platform for the Export of Ukrainian Grain, consisting of Ukraine, five neighboring countries and other EU member states interested in solving the grain problem, will […]

Sunflower Oil Market Facing Challenges Amid Ukraine’s Export Disruptions

Posted on 25. September 2023

Supply Disruptions from Ukraine In August 2023, the Indian Vegetable Oil Producers Association (IVPA) convened a two-day seminar in New Delhi, where experts discussed the growing concerns in the global […]

Chinese Sunflower Seeds Unstable Prices Amidst Harvesting Season - Australia Will Again Harvest a Record Sunflower Crop

Chinese Sunflower Seeds: Unstable Prices in Harvest Season

Posted on 22. September 2023

TIANJIN: According to the feedback from traders in the production areas, Chinese sunflower seeds in Northwest and Inner Mongolia are being harvested one after another. The current market price is […]

Palm Oil Prices Surge in Malaysia, India Shifts Preference to Soybean and Sunflower Oil

EU Oilseeds Crushing Increased in August – FEDIOL

Posted on 21. September 2023

The European Association of Vegetable Oil Producers (FEDIOL) has calculated that in August 2023, EU oilseeds extraction plants processed almost 3.26 million tons of oilseeds (+0.03 million tons compared to […]

Bulgaria Plans to Ban Sunflower Imports From Ukraine Again

Posted on 21. September 2023

Bulgaria intends to ban sunflower seed imports from Ukraine in the near future. This was stated by the Prime Minister of Bulgaria Nikolay Denkov after several hours of negotiations with […]

Sunflower Market in China Waiting for New Crop

Posted on 18. September 2023

Dalian: Harvesting sunflower in China’s main production areas is expected to continue in early October. Currently, domestic demand is stable and the export market is waiting for new cargoes and […]

Will Bulgaria Start Buying Ukrainian Agricultural Products?

Posted on 18. September 2023

Farmers in Bulgaria are preparing a series of protests nationwide following the parliament’s decision not to extend temporary restrictions on imports of Ukrainian agricultural products, APK-Inform reports. Agrarians declare that […]

The Sunflower Market to See “Bottom Price” in Ukraine

Posted on 14. September 2023

The sunflower market in Ukraine will pass through a “bottom price” in early October, according to analysts from PUSK. Ukrainian oil producers are loaded with raw materials, which caused the […]

Global sunflower production harvest oilseeds

Increase in Global Sunflower Production

Posted on 29. August 2023

According to the August forecast of Oil World, the global sunflower production in 2023/24 MY may increase by 1.4 mln tonnes per year to 55.7 mln tonnes, although in the […]

New Crop Sunflower Prices in Ukraine Start to Become Clearer

Posted on 23. August 2023

The first volumes of sunflower have been harvested in the southern regions of Ukraine, in this regard, the market is gradually shifting to trading in the new crop of sunflower […]

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