One of the largest grain market operators in Ukraine, Nibulon JV LLC, exported 100 thousand tons of grain to 25 countries using grain carriers and trucks provided by the USAID Ukraine project, the grain trader’s press service reported on its Facebook page.
The agricultural holding recalled that in 2023, Nibulon was forced to switch from water transportation of grain to transportation by road and rail. This alternative solution was helped by the USAID Ukraine economic support project. The Nibulona Project purchased 50 Modern Hope trucks with the capacity to transport 70 tons of grain each. Thanks to this support, Nibulona delivered and exported the first 100 thousand tons of grain to 25 countries.
“We are grateful to our international partners who lend a friendly hand in a difficult time for the company by providing the necessary railcars. This allowed us to continue working, resuming purchases of agricultural products at the blocked river terminals and thus supporting our agricultural partners. The combination of road and rail transport has allowed us to optimize logistics costs and offer purchase prices to farmers that ensure the profitability of their production,” said Nibulon Logistics Director Serhiy Kalkutin and congratulated his colleagues from Danube Transportation.
As reported, in 2023, USAID provided Nibulon with 50 hopper cars built at Karpaty DMZ for grain transportation. In 2024, USAID’s Economic Support for Ukraine provided the grain trader with 13 grain carriers with trailers. “Nibulon also asked the donor organization for assistance in obtaining 250 grain carriers.
Nibulon JV LLC was established in 1991. Prior to the Russian military invasion, the grain trader had 27 transshipment terminals and crop reception complexes, a one-time storage capacity of 2.25 million tons of agricultural products, a fleet of 83 vessels (including 23 tugs), and owned the Mykolaiv Shipyard.
“Before the war, Nibulon cultivated 82 thousand hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries. In 2021, the grain trader exported the highest ever volume of 5.64 million tons of agricultural products, reaching record volumes of supplies to foreign markets in August – 0.7 million tons, in the fourth quarter – 1.88 million tons, and in the second half of the year – 3.71 million tons.
Nibulon’s losses due to Russia’s full-scale military invasion in 2022 exceeded $416 million.
Currently, the grain trader is operating at 32% of capacity, has created a special unit to clear agricultural land of mines, and was forced to move its headquarters from Mykolaiv to Kyiv.
One of the largest grain market operators in Ukraine, JV Nibulon LLC, and Pravex Bank, part of the Intesa Sanpaolo group, have entered into a bilateral agreement to extend the restructuring of a $5.5 million loan for six years with preferential interest rates and a grace period for debt repayment, the grain trader’s press service reported on its Facebook page.
“PRAVEX Bank approaches each case of debt restructuring individually, taking into account the specifics of the business and the needs of its clients. This approach allows us to provide the most effective financial solutions and maintain stable partnerships,” commented Yuriy Lytvynenko, Director of the bank’s Loan Management Department.
Nibulon noted that the loan restructuring will help it optimize its financial flows and focus on implementing strategic projects aimed at strengthening and developing the agricultural sector of Ukraine.
“We are confident that this step will be an important incentive for the company’s further growth and prosperity, strengthening our market position and contributing to the country’s economic development,” said Nibulon’s CFO Irina Levkovskaya.
As reported earlier, Nibulon Group has more than 25 Ukrainian and foreign creditors, with the vast majority of whom have already signed restructuring agreements.
Nibulon JV LLC was established in 1991. Prior to the Russian military invasion, the grain trader had 27 transshipment terminals and crop reception complexes, capacity to store 2.25 million tons of agricultural products at a time, a fleet of 83 vessels (including 23 tugs), and owned the Mykolaiv Shipyard.
“Before the war, Nibulon cultivated 82 thousand hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries. In 2021, the grain trader exported the highest ever volume of 5.64 million tons of agricultural products, reaching record volumes of supplies to foreign markets in August – 0.7 million tons, in the fourth quarter – 1.88 million tons, and in the second half of the year – 3.71 million tons.
Nibulon’s losses due to Russia’s full-scale military invasion in 2022 exceeded $416 million.
Currently, the grain trader is operating at 32% of capacity, has created a special unit to clear agricultural land of mines, and was forced to move its headquarters from Mykolaiv to Kyiv.
One of the largest grain market operators in Ukraine, Nibulon JV LLC (Mykolaiv), is launching a large-scale modernization of its elevator business, which will include automation, unification of services and mechanisms to ensure quality standards, the grain trader’s press service reported on Facebook.
“Additionally, the capacities of Khmilnyk, Vradiyevsky, Kolosivsky elevator and Transshipment Terminal branches will be significantly expanded,” the company said in a statement on Wednesday.
According to the grain trader, the second stage of the elevator will be built at the Khmilnyk branch (Vinnytsia region), where the total investment will amount to $3.9 million, and will be equipped with four new tanks and transportation equipment. In addition, two STRAHL grain dryers will be installed to increase the drying capacity to 2200 tons per day (from scratch) to attract agricultural producers to cooperate. Previously, this branch served the needs of Nibulon’s own agricultural production exclusively.
Investments in the modernization of Vradiyivskyi (Mykolaiv region) will amount to $800,000. The company will double its capacity and change the scheme of acceptance and shipment, which will allow it to work with several crops at the same time and reduce waiting time for the grain trader’s partners.
“Kolosivskyi elevator (Mykolaiv region) will also get a second wind, with the company allocating $265 thousand for the reconstruction of the first stage. The focus is to double the productivity of grain receiving and shipping,” the agricultural holding said.
In addition, the transshipment terminal in Mykolaiv will receive $720 thousand in investments to build a new gallery that will allow it to receive cargo from water transport and transfer it to rail transport and then to the Bessarabian branch. With Mykolaiv port hub blocked, this will help reduce logistics costs on the way to Izmail ports.
“We are planning to automate all elevators and equip them with sensors that will record the service life of the equipment and automatically transfer this data to a single control center. As a result, we expect to increase the efficiency of the elevator business through optimization and automation, reduce the cost of services through the rational use of resources and increase salaries for the branch teams,” Nibulon summarized.
Nibulon JV LLC was established in 1991. Prior to the Russian military invasion, the grain trader had 27 transshipment terminals and crop reception complexes, a one-time storage capacity of 2.25 million tons of agricultural products, a fleet of 83 vessels (including 23 tugs), and owned the Mykolaiv Shipyard.
“Before the war, Nibulon cultivated 82 thousand hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries. In 2021, the grain trader exported the highest ever 5.64 million tons of agricultural products, reaching record volumes of supplies to foreign markets in August – 0.7 million tons, in the fourth quarter – 1.88 million tons, and in the second half of the year – 3.71 million tons.
Nibulon’s losses due to Russia’s full-scale military invasion in 2022 exceeded $416 million.
Currently, the grain trader is operating at 32% of capacity, has created a special unit to clear agricultural land of mines, and was forced to move its headquarters from Mykolaiv to Kyiv.
One of the largest grain market operators in Ukraine, Nibulon JV LLC (Mykolaiv), transshipped 434 thousand tons of corn and wheat in April and returned to pre-war levels, the grain trader’s press service reported on Facebook.
“Despite the devastating damage and blockade of the Mykolaiv port, Nibulon demonstrates a recovery in exports in 2022-2024 and regains market share. This becomes possible due to the development of alternative channels through the Danube port and the effective use of the capabilities of the Black Sea ports,” the agricultural holding said.
According to the report, Nibulon exported 2.4 million tons of agricultural products in the first nine months of the 2023-2024 marketing year (MY), despite the blockade of Ukrainian Black Sea ports. Its current share through the Danube ports in the first quarter of 2024 was in the range of 20-30%. The agricultural holding forecasts annual export volumes in 2023/24 MY at 3.2-3.4 mln tons.
“So far, the work of Nibulon’s logistics infrastructure is divided between two channels. After the work of the Black Sea ports resumed thanks to the Armed Forces of Ukraine, a significant part of the grain volumes we exported through the ‘river’ was reoriented to the ‘big water’. At the same time, the Danube continues to play a key role for our exports: the share of this channel in the sales structure is 70%,” said Volodymyr Slavinsky, Nibulon’s trading director, as quoted by the press service.
The grain trader considers the achieved results to be its undisputed victory, as it works to connect Ukrainian farmers with international markets and to maintain global food security.
JV Nibulon LLC was established in 1991. Prior to the Russian military invasion, the grain trader had 27 transshipment terminals and crop reception complexes, capacity for simultaneous storage of 2.25 million tons of agricultural products, a fleet of 83 vessels (including 23 tugs), and owned the Mykolaiv Shipyard.
“Before the war, Nibulon cultivated 82 thousand hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries. In 2021, the grain trader exported the highest ever 5.64 million tons of agricultural products, reaching record volumes of supplies to foreign markets in August – 0.7 million tons, in the fourth quarter – 1.88 million tons, and in the second half of the year – 3.71 million tons.
Nibulon’s losses due to Russia’s full-scale military invasion in 2022 exceeded $416 million.
Currently, the grain trader is operating at 32% of capacity, has created a special unit to clear agricultural land of mines, and was forced to move its headquarters from Mykolaiv to Kyiv.
One of Ukraine’s largest grain market operators, Nibulon JV LLC (Mykolaiv), has received EUR12.8 million from the Export Investment Fund of Denmark (EIFO) to purchase 74 units of modern agricultural machinery, the grain trader’s press service reported on Facebook.
“We are grateful to our Danish partners who support Ukrainian business, which is now working in spite of the war, not because of it. We really need more and more such positive signals as convincing role models. This is the only way we will be able to rebuild Ukraine as soon as possible,” said Nibulon’s CFO Iryna Levkovska, CFO of Nibulon.
Peder Lundqvist, CEO of EIFO, expressed confidence that the financing will help the company increase grain yields by modernizing agricultural machinery and strengthen the company’s long-term financial position.
“At EIFO, we are proud to be able to make a small contribution to the enormous recovery work that awaits Ukraine and is now one of the most important things for its citizens. We look forward to future cooperation with Nibulon and other Ukrainian and Danish companies operating in Ukraine,” he said during the signing of the loan agreement in the Ministry of Finance’s bomb shelter during an air raid alert.
According to Nibulon, the financing was allocated as part of a social program of the Danish investment fund created to help Ukraine. Its launch was announced in May 2023 during the Ukrainian Investment Forum in Copenhagen. The program will finance projects involving the best Danish technologies and innovative solutions and will be available to both the public and private sectors.
Nibulon JV LLC was established in 1991. Prior to the Russian military invasion, the grain trader had 27 transshipment terminals and crop reception complexes, capacity for simultaneous storage of 2.25 million tons of agricultural products, a fleet of 83 vessels (including 23 tugs), and owned the Mykolaiv Shipyard.
“Before the war, Nibulon cultivated 82 thousand hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries. In 2021, the grain trader exported the highest ever 5.64 million tons of agricultural products, reaching record volumes of supplies to foreign markets in August – 0.7 million tons, in the fourth quarter – 1.88 million tons, and in the second half of the year – 3.71 million tons.
Nibulon’s losses due to Russia’s full-scale military invasion in 2022 exceeded $416 million.
Currently, the grain trader is operating at 32% of capacity, has created a special unit to clear agricultural land of mines, and was forced to move its headquarters from Mykolaiv to Kyiv.
One of the largest grain market operators in Ukraine, Nibulon JV LLC (Mykolaiv), has started the 2024 spring crops sowing campaign, for which it will allocate 38 thou hectares, up 35.7% year-on-year, the grain trader’s press service reported on Facebook.
According to the report, the agricultural division of Nibulon has made adjustments to the structure of the sown areas. Thus, in the 2024 season, the corn and soybean planting areas will be increased, while the sunflower planting areas will be reduced.
“This is due to the price expectations of this year’s grain consignments and the forecast of a better economic result. In total, the company purchased 3,000 sowing units of sunflower, 22,000 of corn, plans to purchase 40 tons of soybeans, and has laid and prepared 500 tons of soybean seeds of its own production for sowing,” Nibulon said.
Due to weather conditions, the sowing campaign has already started in four Nibulon clusters and is underway in Mykolaiv, Cherkasy, Vinnytsia, Khmelnytsky and Zhytomyr regions. Given favorable conditions, the company’s farmers expect to finish sowing by mid-May at the rate of 2.0 thousand hectares per day.
Oleg Veselov, Nibulon’s Director of Agricultural Production, noted that there are currently no risks for the 2024 harvest. The company expects the gross harvest of spring crops to be 200 thou tons of corn, 15 thou tons of soybeans, and 25 thou tons of sunflower.
Nibulon JV LLC was established in 1991. Prior to the Russian military invasion, the grain trader had 27 transshipment terminals and crop reception complexes, a one-time storage capacity of 2.25 million tons of agricultural products, a fleet of 83 vessels (including 23 tugs), and owned the Mykolaiv Shipyard.
“Before the war, Nibulon cultivated 82 thousand hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries. In 2021, the grain trader exported the highest ever 5.64 million tons of agricultural products, reaching record volumes of supplies to foreign markets in August – 0.7 million tons, in the fourth quarter – 1.88 million tons, and in the second half of the year – 3.71 million tons.
Nibulon’s losses due to Russia’s full-scale military invasion in 2022 exceeded $416 million.
Currently, the grain trader is operating at 32% of capacity, has created a special unit to clear agricultural land of mines, and was forced to move its headquarters from Mykolaiv to Kyiv.
