On January 17, the Ukrainian Energy Exchange held its first auction for the sale of domestically produced gas to meet the needs of businesses that produce socially significant goods. As a result, the entire exhibited volume of natural gas was sold - 1.35 million m³.

This was reported by the press service of the Ukrainian Energy Exchange, writes agravery.com.

In the first auction, the resource was presented by 6 initiators, namely: "Natural Resources", "GHS", "ESCO-NORTH", "Kosul", "Oil and Gas", "Ukrgazvydobutok". Sales prices of mining companies were in the range from 6.1 thousand UAH / thousand m³ up to 17.7 thousand UAH / thousand VAT included. The weighted average price formed as a result of the auction is UAH 11.5 thousand / thousand. м³. The peculiarity of bidding for producers of social food products is the impossibility of exceeding the starting price and the bid price for the purchase of the marginal price, "the statement reads.

It is added that auctions for the sale of gas for producers of social food products are held in accordance with the Cabinet of Ministers Resolution №19 of January 12, 2022 "On approval of the Procedure for organizing and conducting exchange auctions for the sale of natural gas whose activities are the production of food products that have significant social significance.

The right to participate in stock exchange tenders for the purchase of natural gas may be obtained by economic entities that are included in the list of buyers, have a license to conduct natural gas supply activities and have natural gas supply contracts with consumers for use exclusively for production for the purpose of consumption on the territory of Ukraine of the foodstuff defined by the resolution of the Cabinet of Ministers of Ukraine from April 22, 2020 №341 "On measures to stabilize prices for goods of significant social significance, anti-epidemic goods" and meet the needs of the internal market.

"We are very grateful to market participants - private mining companies, who responded quickly to the government's offer to support socially significant producers, and we thank the Oversight Committee, which promptly worked to allow participants to trade in natural gas at a reduced price. Today, supporting producers of socially important products is of strategic importance and will avoid problems with the continuation of production due to rising market prices, "said Oleksiy Dubovsky, Chairman of the UEB Exchange Committee.

Bloomberg News reports that "Chinese urea plants are mired in Beijing's efforts to provide a blue sky before the Winter Olympics, including an order to close plants to limit air pollution."

This was reported by agroxxi, writes agronews.ua.

According to Scotiabank analyst Ben Isaacson, three plants in the northern province of Shanxi were asked to operate at 50% capacity to reduce emissions, which led to rising domestic prices for nitrogen fertilizers.

A Bloomberg article noted that as Beijing tightens measures to combat pollution ahead of the February Winter Games, more and more urea plants may be forced to suspend or reduce production. China, a key supplier of urea, sulfate and phosphate to the world market, has restricted fertilizer exports since late last year to protect domestic supplies, exacerbating global price shocks and risking further fueling food inflation.

As for Chinese pesticides, global logistics bottlenecks have not been effectively addressed, said David Lee, business manager at Beijing-based SPM Biosciences Inc. He is an editorial advisor and regular columnist for AgriBusiness Global, where he published another review.

"Strong global demand continues to face a shortage of supplies. According to the China Containerized Freight Index (CCFI), the cost of freight in China is still at a high level, reaching 3344 points. In 2022, supply shortages could become a constant problem for global procurement departments.

In the first quarter of 2022, China's agrochemical industry will be affected by environmental audits and a national event. But the declining impact of the "dual control policy" will support the pace of agrochemical production in China from March 2022. Unlike 2021, the global procurement strategy may be more conservative in 2022, as new demand returns to normal consumption at the farm level. Despite the fact that it is necessary to take into account the growth of global sown areas, in 2022 it is likely to reduce demand. Biological solutions will become increasingly important in investing in farm products, along with the growing introduction of precision farming and digital farming, "the expert concluded.

In Ukraine, in 2022, three laws on taxation will come into force.

This is stated in the material on AgroRolit.com.

1600-IX "Law of Ukraine on Amendments to the Tax Code of Ukraine on the Value Added Tax on Taxation of Supply of Certain Types of Agricultural Products", which is designed to eliminate risks of rising food prices and promote price stability in relevant markets , as well as the creation of equal and fair conditions for value added tax for agricultural producers and enterprises in the processing industry.

1649-IX "Law of Ukraine on Amendments to Section XI" Transitional Provisions "of the Law of Ukraine" On Basic Principles and Requirements for Organic Production, Circulation and Labeling of Organic Products ". It legalizes international organic labeling for Ukrainian producers of organic products, guarantees state support to producers, counteracts the spread of pseudoorganics on the shelves of retail chains and abolishes fines for producers for violating the Law of Ukraine "On Basic Principles and Requirements for Organic Production, Circulation and Labeling of Organic Products".

5600 "Law on Amendments to the Tax Code of Ukraine and Certain Legislative Acts of Ukraine on Ensuring Balance of Budget Revenues".

According to forecasts, in 2022 soybean oil prices will increase by almost 4% due to increased demand for biofuels.

This was reported by indexbox.io, writes agravery.com.

"In 2021, the average annual price of soybean oil rose sharply, rising by 65% ​​to 1.38 thousand dollars per ton. As a result, India remains the world's largest importer of soybean oil and Argentina its supplier, the statement said. According to the October forecast of the World Bank, the average annual price of soybean oil will increase by almost 4% to 1.42 thousand dollars / ton this year. Growing demand for biofuels, especially in Asia, will be a key factor in rising prices.

"In 2021, the average annual price of soybean oil increased by 65% ​​compared to 2020, or from 838 dollars / ton to 1.38 thousand dollars / ton. The fastest rise in prices was recorded in the third quarter of last year, due to declining production due to weather conditions in South America, high demand in China and high freight rates, "- say experts.

In addition, in 2020, purchases of soybean oil abroad increased by 7.5% to 13 million tons, growing for the second year in a row after three years of decline. Also, imports of soybean oil in value terms increased significantly to 10.3 billion dollars. USA. India has become the largest importer with about 3.7 million tons (28% of world supply). Among other countries, which together account for about 17% of total imports, the following: China - 963 thousand tons, Algeria - 670 thousand and Bangladesh - 666 thousand tons.

"In 2020, Argentina was a key exporter of soybean oil, accounting for 5.3 million tons of total exports. In terms of value, Argentina has 3.7 billion dollars. The United States remains the largest supplier of soybean oil worldwide, accounting for 39% of world exports. The second position in the ranking was occupied by the United States - 979 million dollars. The United States with a share of 10% of total supplies and the third - Brazil with a share of 8% ", - analysts concluded.