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Thanks to MHP exports, Ukraine became last year the third largest supplier of poultry meat to the EU and the sixth largest poultry exporter worldwide. According to Sergey Karpenko, general director of the Ukraine Poultry Union, the nation’s biggest sales markets are: The Netherlands, Iraq, Saudi Arabia and Slovakia.
Ukraine could start exporting eggs to the United States this year, part of a major drive that sends Ukrainian egg products to 60 countries worldwide. Last year, exports were up 20% y/y, to 1.8bn eggs, according to an industry overview in World-Grain.com. UkrLandFarming, parent of Avangard, a major egg producer, plans to invest over $200mn in a terminal to handle its egg exports to 40 nations worldwide.
Ukrainian poultry exports rise 40% during first four months of 2019.
Ukrainian poultry producers exported 135,800 tons of poultry meat products worth $199mn from January to April 2019, representing a year-on-year increase of 40%. According to new figures released by the Ukrainian Food Export Board (UFEB), the largest single importer of Ukrainian poultry products was Saudi Arabia, which received 27.4% of total exports with a value of $54.7mn. In second place was the Netherlands ($33.1mn), followed by Slovakia ($20mn). Ukraine’s poultry exports are currently on a strong upwards trajectory, with total exports in 2018 reaching a value of $507mn, which is 30% up on the previous year.
Leading Ukrainian dairy producer enters five new export markets in 2019.
Terra Food, which ranks among Ukraine’s largest dairy producers, reports that it has begun exporting to five new international markets so far this year as Ukrainian agricultural exporters continue to broaden their global horizons. The new Terra Food international markets include Iran, Bulgaria, Macedonia and Gabon, bringing the total number of countries receiving the company’s dairy exports to 60. Overall, Ukrainian agricultural exporters entered 85 new global markets during 2018. This expansion helped Ukraine to enter the global top ten among dairy exporters, with a total export value for the year of approximately $250mn.
5.2.3 Gross international reserves
Ukraine gross reserves decline 5.5% in May Ukraine’s gross international reserves declined 5.5% m/m, or $0.1bn, to $20.5bn in April after rising 2.0% m/m in the previous month, the National Bank of Ukraine (NBU) reported on June 6.
Payments related to FCY-denominated debt exceeded receipts from the new debt placement and foreign currency purchases by the central bank on Ukraine’s ForEx. In May, the government spent $1.8bn (in the equivalent) on repaying and servicing debt in foreign currency. In particular, the redemption and servicing of international Eurobonds required $1.3bn. In addition, $447mn (in the equivalent) was spent on redeeming and servicing local Eurobonds.
The rest included debt repayments to international organizations. These outlays were partially compensated by receipts from the placement of local Eurobonds for $428mn and World Bank financing of $10mn. In addition, the net purchase of foreign currency by the central bank amounted to $161mn. The National Bank reported an increase in the value of its securities portfolio of $81mn (adjusted to market value and the currency exchange rate). As of June 1, Ukraine’s gross reserves amounted to 3.2 months of imports, the NBU said.
39 UKRAINE Country Report July 2019 www.intellinews.com