05.07.2012
FAO Food Price Index falls again
The FAO Food Price Index fell for the third consecutive month in June 2012, dipping 1.8 percent from May to its lowest level since September 2010. The four-point drop in June brought the index to 201 points from a revised level of 205 points in May 2012.
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Prime Minister supported the UCAB proposal of reviewing the ratio of normative-monetary value of agricultural lands
On the 3-rd of July, in Cabinet of Ministers of Ukraine was held a meeting, chaired by Prime Minister of Ukraine Mykola Azarov, with the participation of the Association "Ukrainian Agribusiness Club" and other leading agricultural professional associations of Ukraine. During the meeting, President of UCAB Alex Lissitsa announced for Head of the government the urgent for solving questions of agrarian sector of Ukraine.
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Fifth part of annual wheat consumption should be reserved - expert
It is necessary to keep 20% of the annual wheat consumption in the state reserve. This opinion was expressed by President of the Ukrainian Grain Association Volodymyr Klymenko at a meeting of Prime Minister Mykola Azarov with representatives of agro-industrial associations, the UGA told UKRINFORM.
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Prysiazhniuk: Ukraine to export 22-23 million tons of grain in 2012/2013 MY
KYIV, July 5 /UKRINFORM/. Ukraine will export 22-23 million tons of grain in the 2012/2013 marketing year, Agricultural Policy and Food Minister Mykola Prysiazhniuk has said.
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Ukraine: average purchasing prices for grains and oilseeds reduced – Ministry of Agrarian Policy
During the period of June 27 – July 3, 2012, the average purchasing prices for several varieties of grains and oilseeds in Ukraine reduced compared to the previous week, reported the Ministry of Agrarian Policy and Food.
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Rada allows Cabinet to borrow $3 billion for agro-industrial complex
The Verkhovna Rada of Ukraine has adopted the bill on amendments to the Law of Ukraine on the State Budget of Ukraine for 2012 (concerning public borrowing), which allowed the Cabinet to draw a loan amounting to 24.3 billion UAH for projects envisaged by the Ukrainian-Chinese agreement on cooperation in the agricultural sector, according to the parliamentary website.
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Industrial Milk Company finished placement of UAH 200 M worth of bonds
According to the Chief Executive Officer of IMC, “Burat-Agro”, one of the subsidiaries of the company has finished placement of UAH 200 M worth of bonds.
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Quantity of nitrates in early watermelons and melons do not exceed standards
The first melon products appeared this year on the wholesale markets almost a month earlier than usual. Last season watermelons and melons were considered early if they appeared on July12-15th. The first products in season 2012 on the markets of Kyiv could be already bought on 15th of June and in the south of Ukraine they were available even earlier. According to experts of the Association "Ukrainian Agribusiness Club" (UCAB), the amount of nitrates is normal in the early products that are sold on wholesale markets.
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Kernel Group will raise a $210 Ml loan
Agro Holding Kernel Group, which is controlled by Kernel Holding S.A. (Luxembourg), has arranged a USD 210 Ml loan from a consortium of European banks, Kernel Holding reports.
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Mykola Azarov: Bread prices will be stable
Bread prices will be stable - the Government takes no actions that bring to "shock" in the domestic grain market. It is provided by the created grain reserves, large carry-overs and crop forecast for current year at a level of 43 million tons of grain.
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