News

Inflation There isn’t a day that goes by in which that word doesn’t grab a headline these days. It’s at a new 40-year high at 7.9%. Used cars and trucks have vaulted 41% when comparted to last February. Gasoline jumped 38%, piped utility gas leapt 24%, and new vehicles moved up 12%. That’s according to data fr...

The Ukrainian Agri Council supports the adoption by the Verkhovna Rada of Ukraine of the Law on Tax Changes during Martial Law, which provides for a zero rate of excise duty on gasoline, diesel fuel and liquefied gas, as well as a VAT reduction from 20 to 7%. According to the UAC members, the innovations of the Law have already become an effective mechanism for curbing and leveling the rise in fuel prices, which is extremely important in the current acute...

The state will buy essential social products directly from Ukrainian producers. These products will be distributed free of charge to people in the cities that are surrounded or are on the line of war. This was announced by the Prime Minister of Ukraine Denys Shmyhal in social networks. «We have complied a list of key social products: from cereals and grains to canned goods and oil. Local military administrations will apply for the amount of such produc...

The war in Ukraine and selling flour «a kilo per customer» in the EU are the links of a chain, aren’t they? The world community does not seem to seriously take forecasts like «future famine» so far. The analysts are predicting «hunger riots» in poor countries. The price of bread in the world is th...

The Government of Ukraine has abolished the maximum level of the supply and marketing allowance and the trade margin of 10% for such products of significant social importance as buckwheat, granulated sugar, domestic pasta and butter with a fat content of 72.5%, while retaining the requirement to declare the change of prices. The corresponding resolution No. 311 of March 18, was published, on the Cabinet of Ministers website on Saturday. According to it, a 10% margin limit remains for such...

Cheese logistics is getting better, retail chains have partially resumed direct deliveries to stores, despite the inoperability of shopping malls in many regions. Shelves of working stores have almost been cleaned out from imported products. Cheese makers in Central and Western Ukraine are able to meet the current demand for cheese as it is already limited due to the departure of consumers from the occupied a...

Fonterra is closing its Moscow office, and has withdrawn from its joint venture with Unifood in Russia, established more than three years ago. The dairy cooperative's decision followed the suspension of shipments to Russia at the end of last month. In a statement, chief executive Miles Hurrell said the priority following Russia's...

Permits (certificates) for the right to work related to transportation, storage, usage and trade in pesticides and agrochemicals, issued in accordance with the Law of Ukraine «On Pesticides and Agrochemicals» and valid as of January 1, 2022, is valid for the period of validity martial law in Ukraine and for 90 days following the da...

Despite shutdowns of some milk processing plants due to temporary occupation of some Ukraine’s territories, there has been some increase in milk processing at existing plants, resumption of small milk processing businesses and distributing raw milk on production sites. As a result of military activities and temporary russia’s occupation, some companies, which are among the top-20 milk processors in the country, completely or partially...

The reduction of grain exports and lack of facilities for its storage, lack of animal feed and shutdown of processing plants are among the main problems of farmers in Ukraine. Mykhailo Sokolov, Deputy Chairman of the Ukrainian AgriCouncil, told Comments.ua about the challenges the agricultural sector is facing during the war. He says that farmers hoped to sell products and get some ready cash to invest into the sowing season. On the other hand, grain from last and this year's harvest will need somew...