15 May 2024 16:28

Ukraine's Nibulon plans to export 3.4 mln tonnes of farm produce in 2023-2024 MY

MOSCOW. May 15 (Interfax) - Nibulon LLC, one of the largest players on Ukraine's grain market, exported 2.4 million tonnes of farm produce in the first nine months of the 2023-2034 marketing year, which began in July.

Exports for the current MY as a whole are expected to be 3.2-3.4 million tonnes, Ukrainian media reported with reference to a company statement on social media.

"Nibulon is demonstrating a recovery in export volumes during 2022-2024 and is regaining market share. This is becoming possible thanks to the development of alternative channels through a Danube port and the effective use of opportunities of the Black Sea ports," the press release says.

"At the same time, the Danube continues to play a key role for our exports: this outlet accounts for 70% of sales," Vladimir Slavinsky, Nibulon's commercial manager, was quoted as saying.

Founded in 1991, Nibulon LLC used to have 27 handling terminals and complexes for agricultural products with capacity to store 2.25 million tonnes of agricultural products, a fleet of 83 vessels, as well as the Nikolayev Shipyard. The JV cultivated 82,000 hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries. The grain trader is currently operating at 30% capacity.