Business news from Ukraine

“Agrotrade” exported over 390 thsd tonnes of grain

26 July , 2024  

In the 2023-2024 marketing year (MY), Agrotrade exported more than 390 thsd tonnes of grain, up 10% compared to the previous season, the company’s press service reported on its Facebook page.
According to the report, 51.7% of all exports were the company’s own agricultural products, 48.3% were from third-party producers. The main buyers of grain were the EU, North Africa and the Middle East.
“Summarizing the results of the last season, I would like to note that the opening of the Ukrainian grain corridor and its rhythmic operation made our work much easier. It has added predictability, so we can now plan deliveries for a longer period. This allowed us to export more grain than we had forecast. In the new season, we expect that the company’s trade structure will partially return to the pre-war format – sales on EXW and CPT bases will reappear, and forward contracts will increase, as the market situation stabilizes and competition intensifies,” said Andriy But, Director of Foreign Trade Department of Agrotrade Group.
Among the company’s products, corn, wheat, soybeans, and rapeseed were in the highest demand among buyers. In total, in the 2023/24 season, Agrotrade exported grain to 14 countries.
The Agrotrade Group is a vertically integrated holding company with a full agro-industrial cycle (production, processing, storage and trade of agricultural products). It cultivates over 70 thousand hectares of land in Chernihiv, Sumy, Poltava and Kharkiv regions. Its main crops are sunflower, corn, winter wheat, soybeans and rapeseed. It has its own network of elevators with a simultaneous storage capacity of 570 thousand tons.
The group also produces hybrid seeds of corn and sunflower, barley, and winter wheat. In 2014, a seed plant with a capacity of 20 thousand tons of seeds per year was built on the basis of Kolos seed farm (Kharkiv region). In 2018, Agrotrade launched its own brand Agroseeds on the market.
Vsevolod Kozhemiako is the founder and CEO of Agrotrade.

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