Ukraine's Nibulon completes sowing of spring crops, increases sowing area 36%

MOSCOW. May 20 (Interfax) - JV Nibulon LLC, one of the largest operators on the Ukrainian grain market, completed sowing spring crops on an allotted area of 38,000 hectares, 35.7% more than the year before, Ukrainian media reported, citing the company's statement on social media.

"The most important thing is that we have kept the deadlines, completing the campaign in all regions within the planned four weeks, despite the weather and its whims. As a result, sunflower was sown on 9,000 hectares, corn on 24,000 hectares, and soybeans on 5,000 hectares. In total, 38,000 hectares are occupied by spring crops, which is significantly more than last year's 28,000 hectares," Nibulon said.

The company said that it reduced the area under sunflower in 2024 compared to previous years because of economic expectations and calculations, and concentrated its efforts on corn and soybeans.

Alongside its sowing campaign, Nibulon took measures to care for its winter crops. The agricultural holding will begin preparations next month for its forage and harvesting campaigns, which will start in the latter half of June.

JV Nibulon LLC was created in 1991. Previously, the grain trader owned 27 transshipment terminals and complexes for receiving agricultural crops. Its capacity for simultaneous storage was 2.25 million tonnes, and it had a fleet of 83 ships. The company also owned the Nikolayev shipyard, processed 82,000 hectares of land and exported agricultural products to over 70 countries. Nibulon is currently operating at approximately 30% of capacity.