KYIV. July 15 (Interfax-Ukraine) – Agricultural enterprise Nibulon, Ukraine’s large producer and exporter of grain and oilseeds, wants to boost exports by 19% in the 2015/16 agricultural year (July-June), to 5 million tonnes of agricultural crops.
“We plan to increase shipment to 5 million tonnes in the current 2015/16 and new agricultural years first thanks to the following promising markets: China and Iran, and we plan to further extend geography of the company’s export, which today includes 64 countries,” the company’s press service told Interfax-Ukraine.
In 2014/15 agri-year the company handled and shipped for exports over 4.2 million tonnes of grain and oilseeds. A total of 113 ships were used to deliver the freight, and the average size of a batch was 31,200 tonnes.
In 2014/15 agri-year Nibulon exported products to 30 countries, and the largest share of total exports was Egypt’s (25%), Spain’s (10%) and Saudi Arabia’s (8%).
“China with 2.8% share, Thailand with 1.2% and Mexico with 1.05% were new destinations in 2014/15 agri-year in all aspects. The latter deserves attention from the point of view of vast geodistance of the country and vicinity of the following leading agricultural producers: the United States and Argentina, which traditionally have strong positions on the Western Hemisphere market,” the company said.
The company mainly exports corn and wheat, which share of total exports is 79%.
Nibulon predicts that the global ratio between demand and supply on the core agricultural crops market has not considerably changed compared to the previous year and in the current agricultural year one should not expect sharp changes in the prices. The prices would fluctuate under pressure of traditional seasonal factors.
Nibulon was created in 1991. It is one of the largest operators in the grain market. The company has a total silo capacity of more than 1.7 million tonnes, as well as its own transshipment terminal in Mykolaiv.
