12 Августа 2019

Ukraine’s sovereign Eurobonds saw a moderate decline last week amid the broad correction on global financial markets. Worries about the US-China trade conflict and global growth saw investor risk appetite reduced, with outflow from emerging market securities into safer investments such as US Treasury bonds and gold. Meanwhile, the Ukrainian agriculture sector continued to deliver a strong performance, with national grain exports rising by 40% YoY in monetary terms and bringing in USD 4.5bn 1H19. In volume terms, the grain exports amounted to 26.2mn tonnes in the period. The largest deliveries, accounting for 15% of the total, were directed to Egypt. Separately the government said that this year’s grain harvest has reached 35.6mn tonnes as of mid-season, exceeding last year’s harvest by 10% for the same date.