Main weekly events in the Ukrainian market of fertilizers, crop protection products and seeds

The main events in Ukrainian domestic markets of fertilizers, plant protection products and seeds in the period from 29.10.18 to 02.11.18 are listed here.

Group DF has announced multimillion-dollar WOG group’s debts.

Group DF clarified its relationship with the WOG group in response to latest media publications about the relations of companies.

Group DF Statement:

“Neither the Group DF, nor its owner, nor the companies included in the Group are shareholders of the WOG group of companies directly or indirectly, nor through any other affiliated companies.

At the same time, Group DF officially confirms the provision of financing to WOG group in the form of loans and borrowings during 2011-2015. The total amount of debt to Group DF companies as of November 1, 2018, taking into account accumulated and unpaid interest, is more than $460 million.

In this regard, Group DF will take all possible legal measures to return overdue debt”.

 

Russia imposed sanctions against Ukrainian fertilizer producers and market operators

Prime Minister Dmitry Medvedev signed a government decree introducing special economic measures against 322 Ukrainian citizens and 68 companies.

According to the decree, “special economic measures” are applied to private and legal entities according to the list, as well as to organizations controlled by these private and legal entities.

The list of companies included a number of Ukrainian manufacturers and operators of the agricultural chemistry market:

–          PJSC “Azot”

–           PJSC “DniproAzot”

–          PJSC “Sumykhimprom”

–          PJSC “Rivneazot”

–          PJSC “Khimdivizion”

–          PJSC “Ukragro NPK”

–          “Nika-Agrotrade” LLC

–          “Trade House”Agroimport LTD” LLC

–          PJSC “Concern Galnaftogaz”

–          “Khimvektor”

 

Omani ETFX UK Group accuses the State Property Fund of hindering work with OPZ

Representatives of the ETFX UK Group from Oman, which according to the results of the competition received the right to work with the Odessa port plant under a tolling scheme, stated that the State Property Fund of Ukraine create artificial obstacles.

“The SPFU creates artificial obstacles for signing a contract with us for the gas supply to OPZ. For example, they required a fresh extract from the registry of Oman that we are listed in it. We prepared this extract and it will be submitted to the Fund soon, but we are already receiving tips that this was not the only cavil”, – a representative of the ETFX UK Group told reporters.

 

Sumykhimprom has raised salary in the first half of the year, but stops NP/NPK fertilizers production in winter

For six months of 2018 the number of employees in the company increased by 1.3%. The average salary of one employee in the first six months of 2018 was UAH8,310.50, which is UAH2,671.30 (or 47.4%) higher than in the same period last year.

Due to the reduction in NPK 10: 26: 26 price and the increase in tariffs for energy resources, complex mineral fertilizers production is not planned in winter period.

 

Harmonization of Ukrainian legislation on seed potatoes under Ukraine-EU Association Agreement

One of the main tasks of approaching of the Ukrainian legislation to the EU standards and Ukraine’s fulfillment of obligations under the WTO and the Ukraine-EU Association Agreement is the adaptation of EU directives on production conditions, quality standards and classification of seed potatoes.

 

“Spectr-Agro” goes under the control of the Japanese

The Antimonopoly Committee of Ukraine (AMCU) allowed Japanese corporation Sumitomo to acquire a 51% stake in the British Oscar Agro Limited, which owns Spectr-Agro and “Spectr-Agrotechnika”.

“Oscar Agro is a UK-based company which was created for this project. Oscar Agro owns a 100% stake in Spectr-Agro and Spectr-Agrotechnika, and Sumitomo will acquire a 51% stake in Oscar Agro.

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