Business news from Ukraine

Business news from Ukraine

NIBULON INCREASES GRAIN EXPORTS BY 14% IN 2015/16 AGRI-YEAR

22 August , 2016  

KYIV. August 22 (Interfax-Ukraine) – Nibulon agricultural company in 2015/16 agricultural year (July-June) increased grain exports by 14%, to 4.66 million tonnes of grain compared to the previous season.

According to a company report on its website, key crops for exports were corn (over 1.8 million tonnes), wheat (over 1.9 million tonnes) and barley (around 560,000 tonnes).

Geography of exports covered 28 countries, among which the largest consumers were Egypt (the share of total imports is 18.1%), Saudi Arabia (10.7%) and Spain (9.9%).

In 2015/16 agri-year Nibulon opened the Indonesian market. The company shipped around 295,000 tonnes of wheat to this country (6.5% of total exports).

Some 122 ships with an average size of a batch of 35,000 tonnes were used to export grain.

Nibulon was created in 1991. It is one of the largest operators in the grain market of the country. The company has elevators with a total capacity of more than 2 million tonnes, as well as own transshipment terminal in Mykolaiv.