Kernel, one of Ukraine’s largest agricultural holdings, exported 1.6 million tons of grain in the third quarter of fiscal year 2025 (FY, third quarter – January-March 2025), down 15% from a year earlier.
According to the quarterly report on the company’s website, the decline in exports was due to limited domestic supply caused by a poor harvest in 2024 and lower stocks.
“Nevertheless, Kernel maintained its strong market position, accounting for 12% of Ukraine’s total grain and oilseed exports in the first nine months, with total volumes reaching 4.4 million tons,” the report said.
According to the agricultural holding, the export terminal’s throughput capacity in the third quarter of fiscal year 2025 was 2.5 million tons, up 2% from the previous year, including 1.8 million tons of grain, 0.3 million tons of edible oil, and 0.4 million tons of vegetable meal.
Total throughput for the nine months of fiscal year 2025 increased by 65% compared to the previous year to 7.3 million tons, thanks to smooth export operations and a low base of comparison with fiscal year 2024, when exports were interrupted at the beginning of the season.
Grain receipts at elevators in the third quarter of fiscal year 2025 amounted to 91 thousand tons, reflecting typical seasonal dynamics. This brought the total receipts for the nine months of fiscal year 2025 to 2.7 million tons, down 2% from the previous year.
Of this volume, the agricultural holding’s own segment provided 1.5 million tons, with the remainder purchased from third parties.
The infrastructure and trade segment recorded EBITDA of $62 million for January-March 2025, representing a decrease of 46% year-on-year and 21% quarter-on-quarter. Of this total, the trading business provided $26 million, unchanged from the previous year, while Kernel’s grain and edible oil export value chain in Ukraine generated $36 million, down 59% year-on-year.
Before the war, Kernel was the world’s leading producer of sunflower oil (about 7% of global production) and its exporter (about 12%). It is one of the largest producers and sellers of bottled oil in Ukraine. In addition, it is engaged in the cultivation and sale of agricultural products.
In the first nine months of 2025, Kernel increased its net profit by 7% to $218 million, with revenue growing by 19% to $3.092 billion, and its EBITDA increased by 4% to $398 million.
Canadian Minister of Finance and National Revenue François-Philippe Champagne announced that Canada will extend the Order exempting Ukrainian goods from duties until June 9, 2026, according to the Canadian government’s website
“Canada remains unwavering in its support for Ukraine as it fights to defend its sovereignty, territorial integrity, and democracy. The conflict, initiated by Russia with the support of Belarus, continues to seriously affect Ukraine’s economy, including its ability to export goods to global markets,” the Canadian Ministry of Finance said in a press release. The document recalls that last month in Banff, Alberta, G7 finance ministers and central bank governors unanimously reaffirmed their unwavering support for Ukraine.
“Canada continues to support Ukraine’s economy by extending duty-free access for Ukrainian goods to Canada for one year,” the statement said.
Since the issuance of the Order exempting goods from Ukraine from duties on June 9, 2022, Canada has imported more than $35 million worth of these goods, with $8.5 million in customs payments waived. It is expected that approximately $1.2 million in customs duties will be refunded between June 10, 2025, and June 9, 2026.
The order exempting Ukrainian goods from customs duties came into force on June 9, 2022, for an initial period of one year, after which it was extended annually. The order temporarily suspends customs duties on imports of Ukrainian goods.
On June 10, at 6 p.m., the large exhibition hall of the Lavra Art Gallery in Kyiv will host the opening of the first group exhibition of contemporary surrealism and symbolism in Kyiv.
More than 20 young Ukrainian artists will take part in the project “A Look Through Reality.” This interdisciplinary art event will combine painting, sculpture, audiovisual art, live music performance, and breaking art performance. The project was created in collaboration between the Lavra Gallery and the Plemya.Art formation.
The art event invites visitors to delve into the world of human consciousness and its interaction with reality. The exhibition explores how each person perceives the world around them through their own “prism” of life experiences, emotions, memories, and dreams.
Moments of our lives — upbringing, travel, interaction with society, loss, art, literature, and even short conversations — shape the light we radiate outward and strive to show this inner glow through a combination of different art forms. The dialogue between the conscious and the subconscious through symbolism and surrealism allows us to explore the inner states, emotions, memories, and dreams that shape our perception of the world.
The artists participating in the project use surrealism and symbolism to reflect the boundaries of the interaction between the inner world of a person and external reality. The works include elements of social criticism, the study of symbols and archetypes, their meaning and role in shaping the perception and understanding of the world. Painting, sculpture, audiovisual art, and music come together to create an interactive and multi-layered artistic environment. The interaction between the inner world of a person and external reality will be revealed through the works of artists and interactive performances.
The main goal of the event is to support young Ukrainian artists who create art in wartime. It also aims to raise funds for the rehabilitation of war victims in collaboration with the Legacy of War Foundation for the modern U+System center.
Ukrzaliznytsia (UZ) held its first successful online scrap metal auctions after a hiatus of more than a year and a half, according to the Prozorro.Prozori system.
According to a press release on Friday, June 5, Ukrzaliznytsia held online auctions for the sale of scrap metal on the state electronic trading system Prozorro.Prozori. These are the first auctions after a hiatus of more than a year and a half.
It is specified that of the 33 lots of ferrous metal scrap put up for auction, seven were distributed, with participants competing for them. On average, three participants competed for Ukrzaliznytsia’s scrap.
The cost of the lots at the auction started at almost UAH 11.9 million, and according to the results of the auction, the winners will have to pay almost UAH 13 million for them. Ukrzaliznytsia will receive the most money from the sale of 300 tons of scrap from railway wheel axles – over UAH 2.3 million.
As reported by the Interfax-Ukraine agency, on June 5, 2025, an auction was held for the sale of ferrous metal scrap (type 4, lot weight – 142.608 tons) with a starting price of UAH 1 million 29 thousand. The auction was won by NDMZ LLC, and the lot was sold for 1 million 240 thousand 689.60 UAH.
In addition, on June 5, an auction was held for the sale of ferrous metal scrap (type 213, lot weight – 300 tons) with a starting price of UAH 2.80 million excluding VAT. The auction was won by ZAKHID-TEKHNOMEDBUD LLC, and the lot was sold for UAH 2 million 318.1 thousand.
An auction was also held for the sale of ferrous metal scrap (type 3 (axles), lot weight – 200 tons) with a starting price of UAH 1.520 million excluding VAT. The auction was won by ZAKHID-TEKHNOMEDBUD LLC – lot sold for UAH 1 million 790.001 thousand.
On Thursday, an auction was also held for the sale of ferrous metal scrap (type 10, lot weight – 320 tons) with a starting price of UAH 1 million 702.4 thousand excluding VAT. The auction was won by UKRPOUTBRUKHT LLC – the lot was sold for UAH 1 million 920.001 thousand.
Successful bidding also took place for other scrap lots.
In addition, it was reported that the auctions scheduled for May 26 of this year did not take place due to the lack of bids from participants.
Prozorro.Prozori is a joint-stock company, 100% of whose shares are owned by the state represented by the Ministry of Economy. Prozorro.Prozori operates an electronic trading system for online auctions for the sale and lease of public assets, including the property of Ukrzaliznytsia.
The Vitagro group of companies and leading Danish genetic company DanBred have signed an agreement to establish a breeding farm for pigs in the Khmelnytskyi region, the company’s press service reported.
According to the report, the Vitagro group of companies began the project to build a new farm in cooperation with DanBred in 2023. The farm is designed to accommodate 1,000 sows at a time and will be able to raise up to 9,000 piglets and up to 250 boars annually. The first offspring are expected in November-December 2025, and sales on the Ukrainian market will start in early 2026.
The farm will breed purebred pigs of the Yorkshire (DanBred Yorkshire), Duroc (DanBred Duroc), and Landrace (DanBred Landrace) breeds. In addition, the main hybrids of DanBred breeds and Duroc boars will be bred. This will ensure the entire DanBred genetics line in Ukraine, and in the future, Duroc breeding material will also become available.
The first two batches of animals have already been delivered to Ukraine and will be delivered to the new farm in early June. The third batch of animals will arrive in Ukraine at the end of June.
“Our pig breeding division has been working with Danish genetics for over 10 years, but now this work will reach a new level, as we will be able to breed this genetics here in Ukraine together with our foreign partners,” said Ivan Varvarchin, project manager at the Vitagro group of companies.
In his opinion, the successful signing of the agreement also indicates that world-renowned companies are actively exploring promising sectors of Ukraine’s economy and, despite the risks, are ready to invest in Ukraine if they see reliable partners here.
“This step is, first, decisive in the development of our strategy and, second, reflects our desire to invest in the development of our Ukrainian business even during the war. We see potential in Ukrainian pig farming and are confident that the industry will experience rapid growth,” commented Stefan Derks, Regional Director of DanBred in Europe.
Oksana Yurchenko, president of the Ukrainian Pig Breeders Association, emphasized that the arrival of companies such as DanBred in Ukraine signals that Ukraine is attractive to foreign investors.
“In addition, our pig farming has long since become a high-tech business that understands the value of global advances in genetics and actively uses them in its work,” she added.
DanBred is a supplier of genetics and service solutions for professional producers. In 2024, DanBred reported annual revenue of EUR 147.2 million and EBITDA of EUR 8.2 million, with pre-tax profit of EUR 6 million. At the end of 2024, DanBred had local breeding farms in 20 countries around the world, which now include Ukraine. DanBred was founded by the Danish Agriculture and Food Council, an organization that has been professionally developing Danish pig genetics for more than 120 years.
The Vitagro Group is one of Ukraine’s largest industrial groups with assets in the agricultural, energy, processing, construction, and chemical industries. It was founded in 1998 and has been operating since then. It owns enterprises in the Khmelnytskyi, Rivne, Volyn, Ivano-Frankivsk, and Kyiv regions. It cultivates about 90,000 hectares of land and is also involved in animal husbandry, horticulture, renewable energy, fertilizer and feed production, construction, and building materials manufacturing. During the full-scale invasion, the group built and launched five processing plants. Vitagro’s head office is located in Khmelnytskyi.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiary of the investment company Vitagro is People’s Deputy Serhiy Labazuk (parliamentary faction “For the Future”).
Yuria-Farm, a pharmaceutical company that is one of the five largest drug manufacturers in Ukraine, increased its net profit by 31.6% in 2024 compared to 2023, to UAH 752.103 million.
According to the company’s report published on its website, the companies’ sales revenue in 2024 increased by 19% compared to 2023, to almost UAH 5.742 billion.
The pharmaceutical company Yuria-Farm LLC (Kyiv) is one of the top 10 domestic pharmaceutical manufacturers, founded in 1990. The company’s main production facility was established in 1998 in Cherkasy.
