Business news from Ukraine

Business news from Ukraine

In Ukraine, 60% of early grain crops have been harvested, with yields lower than in 2024

As of August 22, farmers harvested 27.25 million tons of early grain and leguminous crops from 6.7 million hectares, which is 60% of the area sown with these crops, according to the Ministry of Economy, Environment, and Agriculture.

Last year, as of August 23, 32.02 million tons of grain were harvested from 8.0403 million hectares, meaning that this year’s figures are 14.9% and 16.7% lower, respectively.

According to the Ministry of Economy, 21.01 million tons of wheat were harvested from 4 million 873.1 thousand hectares (last year – 21.74 million tons from 4 million 858.9 thousand hectares), barley – 4.97 million tons from 1 million 304.6 thousand hectares (5.5 million tons from 1 million 399.2 thousand hectares).

The average yield of these crops this year is 4.31 tons/ha and 3.81 tons/ha, respectively, which is 3.5% and 3.3% less than last year’s figures.

At the same time, this year’s pea harvest is already higher than last year’s – 0.58 million tons from 258,600 hectares compared to 0.468 million tons from 207,600 hectares, and the yield is 12.8% higher at 2.5 tons/hectare.

Other grains and legumes were threshed on an area of 260.6 thousand hectares, with a yield of 685.3 million tons (0.83 million tons).

It is noted that among the leaders are, in particular, the Odessa region, which harvested 3.44 million tons from an area of 1 million 083.4 thousand hectares, Kirovohrad region harvested 2.20 million tons from an area of 533.4 thousand hectares, and Vinnytsia region harvested 2.385 million tons from an area of 423.7 thousand hectares.

According to the ministry, as of August 22, the rapeseed harvest amounted to 3.163 million tons from an area of 1 million 283 thousand hectares, while last year on August 23, it amounted to 3.36 million tons from 1 million 227.7 thousand hectares, and the average yield is 7% lower than last year’s on this date and amounts to 2.5 tons/ha.

Sunflower harvesting has begun in the Dnipropetrovsk and Odesa regions, and soybean harvesting has begun in the Kharkiv region.

As reported, in its Inflation Report published at the end of July, the National Bank of Ukraine lowered its forecast for this year’s grain harvest from 61.7 million tons to 57.9 million tons, and for oilseeds from 22 million tons to 21 million tons.

The NBU recalled that last year, the grain harvest in Ukraine fell to 56.2 million tons from 59.8 million tons in 2023, while oilseeds fell from 21.7 million tons to 20 million tons.

According to forecasts by Deputy Minister of Economy Taras Vysotsky, this year’s grain harvest will be around 56 million tons, the same as last year.

 

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IMK achieved its highest yield in 18 years

The IMK agricultural holding has completed its wheat harvest and threshed 153,000 tons of grain from 20,700 hectares, the holding’s press service reported on Facebook.

The company noted that in the 2025 season, the average wheat yield was 7.4 tons/ha, which is a record for all 18 years of the company’s operations and exceeded the average wheat yield in Ukraine by 71%. IMK referred to data from the Ministry of Economy, according to which as of August 14, 2025, the average wheat yield in Ukraine was 4.32 tons/ha.

“This season has shown that true professionalism is measured not only by equipment and technology, but also by the ability of the team to work cohesively in the most difficult conditions. We managed not only to maintain stability, but also to once again break the yield record with 7.4 tons per hectare,” said Bogdan Kryvitsky, IMK’s chief operating officer.

He thanked the employees of the Sumy cluster, who achieved a yield of 8.5 tons per hectare.

IMK is an integrated group of companies operating in the Sumy, Poltava, and Chernihiv regions (northern and central Ukraine) in the crop production, elevators, and warehousing segments. The land bank is 116,000 hectares, storage capacity is 554,000 tons, and the 2024 harvest is expected to be 864,000 tons.

IMK ended 2024 with a net profit of $54.54 million, compared to a net loss of $21.03 million in 2023. Revenue increased by 52% to $211.29 million, gross profit quadrupled to $109.10 million, and normalized EBITDA increased 25-fold to $86.11 million.

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Agro-Region achieved record yields

Agro-Region agricultural holding has completed the harvest of winter crops with yields exceeding the planned targets and the average yield for the last five years, the holding’s press service reported on Facebook.

According to the report, the agricultural holding threshed more than 12.5 thousand hectares, with an average yield of winter wheat across the group of companies at 6.3 tons/ha and winter rapeseed at 3.23 tons/ha. At the same time, three clusters achieved an average winter wheat yield of over 7.5 tons/ha.

“The end of the growing season for winter wheat and the filling period were favorable, as a result of which a yield of 9-9.5 tons/ha was achieved on a significant number of fields,” said Chief Agronomist Yuriy Lysak.
At the same time, the Western cluster had the highest yield of winter rapeseed — 3.71 tons/ha.

“The rapeseed crops were damaged by frost, and the crop needed time to recover. Overall, the year was cooler than last year, so we started threshing later,” Lysak added.
Agro-Region specified that in the 2025 season, the harvest started two weeks later due to weather conditions. All of the company’s clusters made maximum use of their own equipment, which has been updated in recent years.

Agro-Region has a land bank of 39,000 hectares in the Kyiv, Chernihiv, Zhytomyr, and Khmelnytskyi regions. It specializes in crop production. It comprises 11 companies grouped into four crop clusters. It has two elevators: one in Boryspil with a capacity of 73,000 tons and one in Myropil with a capacity of 52,000 tons.

Agro-Region’s annual harvest of grain and oilseeds is 200,000 tons.

In April 2021, the Swedish company Lobiu Sala AB, owned by former Ukrainian Minister of Economy Aivaras Abromavičius, received permission from the Antimonopoly Committee of Ukraine to purchase the Swedish company Agro Region Stockholm Holding, which manages the Agro-Region group of companies in Ukraine.

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Agrotrade’s winter wheat yield exceeded target by 50%

Agrotrade agricultural holding company has achieved a record winter wheat yield in the Chernihiv region of 8.4 tons/ha of net weight, or 150% of the planned target, according to the company’s press service on Facebook.

“High yields were also recorded in one of the fields in the Sumy region — 8.15 tons/ha, or 136% of the target. And this is only 20 km from the border with the enemy. This is further evidence of the resilience of our team and the effectiveness of agricultural technologies even in difficult conditions,” the statement said.

Agrotrade emphasized that these results are not accidental, but the result of systematic work. The agro-industrial department analyzed previous seasons, reviewed cultivation technology, and made specific adjustments from nutrition to protection, the release said.

“This year, we have improved our winter wheat cultivation technologies. We used fractional nitrogen application, double fungicide protection of the ear, and complete control of grass weeds across the entire area — this is not a very common but extremely effective practice. We removed all the weeds, leaving only the crop, and this yielded results. In addition, we update our variety portfolio every year, introducing varieties that perform consistently well in our conditions. This season, everything came together: technology, preparation, and weather conditions,” explained Oleksandr Ovsianyk, director of the agro-industrial department at Agrotrade, as quoted in the report.

In the 2025 season, Agrotrade is growing winter wheat on 14,500 hectares in the Chernihiv, Sumy, Poltava, and Kharkiv regions. Currently, more than 80% of the production area has been threshed. The winter harvest will soon be complete, the agricultural holding concluded.

The Agrotrade group of companies is a vertically integrated holding company with a full agricultural cycle (production, processing, storage, and trade of agricultural products). It cultivates over 70,000 hectares of land in the 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 total storage capacity of 570,000 tons.

The group also produces hybrid seeds of corn, sunflower, barley, and winter wheat. In 2014, a seed plant with a capacity of 20,000 tons of seeds per year was built on the basis of the Kolos seed farm (Kharkiv region). In 2018, Agrotrade launched its own brand, Agroseeds.

The founder of Agrotrade is Vsevolod Kozhemyako.

 

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“Kernel” completes harvesting of early grain crops with record yields

Agroholding “Kernel”, one of the largest in Ukraine, with a record yield completes harvesting of early grain crops, under which 70 thousand hectares are allocated, the press service of the agroholding reported.

“This year’s winter wheat yield, depending on the region of the cluster location, was from 5.8 to 7.3 tons/ha. The weighted average yield is almost 70% higher than last year’s figure,” the agroholding said on Facebook.

According to “Kernel”, on the post-harvest areas are implemented programs of biologization of farming. To support biodiversity and improve soil fertility, cover crops have already been sown on 22 thousand hectares.

It is noted that agronomic divisions of the agroholding continue to test and research the effectiveness of using different mixtures of cover crops to assess their impact on physical and chemical characteristics, microbiological activity of soil and phytosanitary condition of fields.

Before the war, Kernel Agro Holding ranked first in the world in sunflower oil production (about 7% of world production) and exports (about 12%). It is one of the largest producers and sellers of bottled oil in Ukraine. In addition, it is engaged in growing agricultural products and their realization.

The largest co-owner of Kernel through Namsen Ltd. – is Ukrainian businessman Andriy Verevsky, who this year increased his stake from 41.3% to 74.05% as part of the buyout and delisting of the agroholding from the Warsaw Stock Exchange.

Kernel’s net profit for the first nine months of FY 2023 (July-2022-March 2023) rose 36% to $437 mln, while revenue fell 45% to $2.715 bln.

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YIELD OF NEW HARVESTED WHEAT IN UKRAINE – 42.8 CENTNERS/HA

Ukrainian farmers since the beginning of the harvesting campaign as of July 23 had harvested 14.1 million tonnes (8.6 million tonnes more per week from July 19 to July 23) of grain and leguminous crops from an area of 3.4 million hectares (22% from the forecast).
According to the information and analytical portal of the agro-industrial complex of Ukraine, in the context of crops, the following were threshed: winter barley – 5 million tonnes from an area of 1.9 million hectares (48% of the total area under this crop), winter wheat – 8.86 million tonnes from 2.68 million hectares (30%), peas – 240,000 tonnes from 110,000 hectares (47%).
According to the portal, the yield of the harvested winter barley was 41.8 centners/ha, winter wheat – 42.8 centners/ha, peas – 22.1 centners/ha.
The portal clarified that the leaders in harvesting since the beginning of the harvesting campaign are Kherson (the harvest was threshed from 69% of the area), Mykolaiv (60%), Luhansk (44%), Donetsk (39%) and Odesa (29%) regions.
As reported, the Ministry of Agrarian Policy and Food predicts the harvest of grain and leguminous crops in the 2021/2022 marketing year at the level of 75.8 million tonnes, exports may reach 56 million tonnes.

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