Business news from Ukraine

Business news from Ukraine

Ukraine Exported Nearly 14 Mln Metric Tons of Wheat in 2025/2026 Marketing Year

Ukraine exported nearly 14 million metric tons of wheat in the 2025/2026 marketing year, according to the Ukrainian Grain Association (UGA).

The main export markets for Ukrainian wheat were Egypt (3.9 million metric tons), Algeria (2.8 million metric tons), Indonesia (2.1 million metric tons), Yemen (1 million metric tons), and Spain (678,000 metric tons).

According to the association, the decline in total exports of grains and oilseeds during the season was due to a lower harvest, the introduction of quotas on Ukrainian wheat imports into the European Union, and logistical difficulties caused by Russian shelling of energy and transportation infrastructure, particularly ports and maritime grain terminals.

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“Kernel” Received Over 1 Mln Metric Tons of Grain from Third-Party Farmers for First Time

The Kernel agricultural holding’s elevator network, in fiscal year 2026 (FY, July 2025–June 2026) accepted more than 1 million metric tons of grain from third-party agricultural producers for the first time following the implementation of a new business model, under which the company opened its elevators for commercial storage and logistics services, the holding’s press service reported.

“Thanks to a shift in our approach to partnerships and our willingness to share our infrastructure, we were able to attract record volumes of grain,” the press service quoted Serhiy Shcherban, head of Kernel’s storage department, as saying.

According to him, competing in this market requires not just available storage space, but a guarantee of prompt acceptance, legally sound terms, and predictable logistics.

According to Kernel’s report for the first nine months of 2026 FR, the volume of grain and oilseeds accepted into the elevator network increased by 50% compared to the same period in the 2025 fiscal year—reaching 4.02 million metric tons. This includes 2.29 million metric tons accepted in January–March of this year, compared to just 0.09 million metric tons in January–March of last year.

According to the 2025F report, Kernel owns Ukraine’s largest private network of grain storage facilities, with a one-time storage capacity of 2.2 million metric tons.

The company explained that previously, the elevator network primarily served the holding’s own needs, but now it also works with independent agricultural producers. To this end, the agricultural holding revised its pricing policy, expanded its range of services, and introduced digital monitoring of grain movement—from electronic queuing to receipt and shipment.

In addition, Shcherban assured that during the current season, the company will pass on to third-party clients only the increase in electricity costs, while Kernel will cover all other additional operating expenses itself.

The Kernel agricultural holding is the world’s largest producer and exporter of sunflower oil, Ukraine’s largest grain exporter, the operator of an extensive network of logistics assets, and a leading producer of grains and oilseeds in Ukraine. It is one of the largest producers and sellers of bottled oil in Ukraine. It is engaged in the cultivation and sale of agricultural products.

According to results for the first nine months of fiscal year 2026 (July 2025–March 2026), Kernel’s net profit decreased by 5% to $208 million, while its revenue increased by 0.4% to $3.092 billion, and EBITDA rose by 1% to $403 million.

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“Lubnimash” to Invest $2 Mln in New Production Complex

“Lubnymash” (Poltava Oblast), a manufacturer of grain elevators and related equipment, has begun construction of a 6,000-square-meter production complex, which will allow it to nearly double its total storage capacity to over 1 million metric tons of grain per year, said Dmytro Kysilevsky, deputy chairman of the Verkhovna Rada Committee on Economic Development.

“The new site will produce large-capacity silos—up to 50,000 cubic meters. Investment in the new project totals $2 million,” he wrote on Facebook on Thursday, adding that the plant in Lubny currently produces silos with a total storage capacity of up to 600,000 metric tons of grain annually.

Kisilevsky noted that the company secured additional investment resources through its participation in a program that reimburses 25% of the cost of Ukrainian agricultural machinery products.

According to the MP, in 2025, the “Lubnymash” plant produced grain storage facilities, silos, and grain bunkers worth over 1 billion hryvnias. The products are exported to European Union markets, and the African market holds great promise for the Ukrainian manufacturer.

The company employs 420 people.

Kysilevsky noted that the program to compensate farmers for 25% of the cost of Ukrainian agricultural machinery—part of the “Made in Ukraine” policy to support Ukrainian manufacturers—was in effect from 2017 to 2022 and was subsequently reinstated starting in 2024.

The 2026 state budget allocates 1.8 billion hryvnias for this program.

According to information on its website, “Lubnymash” is one of the leading companies in the design and manufacture of equipment for grain and grain products. It produces metal silos, grain dryers, conveyors, bucket elevators, and metal structures.

According to data from YouControl, in January–March of this year, the plant increased its net profit 3.3-fold compared to the same period in 2025—to 13.2 million UAH—as net revenue grew 3.4-fold to 288.4 million UAH.

Volodymyr Kudryk owns 100% of the authorized capital of Lubnymash.

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“Continental Farmers Group” Has Begun Harvesting on Over 70,000 hectares

The agricultural holding “Continental Farmers Group” (CFG) has begun harvesting early grain crops and rapeseed on an area of over 70,000 hectares, the company’s press service reported on Thursday.

According to the report, winter wheat will be harvested from 35,300 hectares, winter rapeseed from 26,500 hectares, and winter barley from 8,500 hectares.
“We are starting with the harvest of winter barley in our southern divisions and, with a few days’ interval, will gradually cover all of the company’s clusters. Next, the combines will move on to winter rapeseed and wheat,” the press service quoted Konstantin Shityuk, Chief Operating Officer of Continental Farmers Group, as saying.

The company is deploying 745 units of its own and leased equipment for the harvest. Specifically, this includes 95 combine harvesters, 66 of which are company-owned, including modern combines purchased recently.
The grain harvest will be transported by 650 trucks. Transloading equipment will also be in operation; it has been specially retrofitted with new technical systems for cargo weight control ahead of the harvest.

“The climatic conditions of the current season have stimulated the early ripening of winter crops. According to weather forecasts, the first weeks of the harvest will be marked by dry and hot weather, creating conditions for prompt and uninterrupted harvesting without the risk of rain-related downtime,” the press service reported.
The company also reported that it had secured the necessary fuel reserves well in advance to carry out the harvest in full. Meanwhile, the decline in fuel prices in June is helping to reduce operating costs during the harvest campaign.

As previously reported, the agricultural holding “Continental Farmers Group” (CFG) has joined the global structure of the international agri-food company Olam Agri as a separate business unit.
“Continental Farmers Group” was established in November 2018 as a result of the merger between the ‘Mriya’ agricultural holding and CFG, following “Mriya’s” agreement with the international investor Salic UK regarding the sale of assets.

Continental Farmers Group operates in the Ternopil, Lviv, Ivano-Frankivsk, Khmelnytskyi, and Chernivtsi regions, grows grain and oilseed crops, engages in primary and secondary potato processing, and employs approximately 2,600 people.

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Ukrainian seaports have handled 40 mln metric tons of cargo since e start of year

Ukrainian seaports have handled 40 million metric tons of cargo since the start of 2026, of which more than 20 million metric tons were grain, according to a statement released Thursday by the Ministry of Community and Territorial Development.

“Despite constant shelling and security risks, the maritime sector remains resilient. The operation of the Ukrainian Maritime Corridor ensures the stable export of Ukrainian products to dozens of countries around the world, supporting both the national economy and global supply chains,” the release quotes Oleksiy Kuleba, Deputy Prime Minister for Recovery and Minister of Community and Territorial Development, as saying.

The ministry specified that since the beginning of this year alone, the enemy has launched more than 1,500 attack drones at Ukrainian ports.

In addition, since the start of the full-scale invasion, 966 port infrastructure facilities and more than 200 civilian vessels have been damaged or destroyed.

Furthermore, 257 civilians have been injured or killed as a result of attacks on Ukrainian ports.

“At the same time, the maritime sector remains resilient. The operation of the Ukrainian Maritime Corridor ensures the stable export of Ukrainian goods to dozens of countries around the world and supports global supply chains,” the statement reads.

As previously reported, Ukrainian ports handled 35.8% more cargo in April 2026 than in April 2025—8.2 million metric tons.

In the first quarter of 2026, Ukrainian ports reduced cargo handling by 8.3% compared to the same period in 2025, down to 21.1 million metric tons.

In 2025, cargo turnover at Ukraine’s seaports decreased by 15.9% compared to 2024, down to 81.7 million metric tons, Kuleba noted. According to him, agricultural products accounted for the bulk of cargo turnover—44.2 million metric tons, which is 26.3% less than in 2024; at the same time, container traffic increased by 66.1%—to 215.75 thousand

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200 mln tons of cargo have been transported via Ukrainian maritime corridor

Since its launch in 2023, the Ukrainian maritime corridor has transported 200 million tons of cargo, including 118 million tons of Ukrainian grain, according to a statement by Deputy Prime Minister for Recovery and Minister of Community and Territorial Development Oleksii Kuleba.

“Behind every figure lies the hard work of Ukrainian ports, sailors, logistics specialists, railway workers, farmers, and everyone who keeps our economy running every day despite the war,” Kuleba wrote on Telegram on Thursday.

According to him, since the beginning of 2026, nearly 35 million tons of cargo have been transported through seaports, and Ukrainian products have reached 56 countries around the world.

It is noted that in April of this year alone, more than 500 drone attacks on logistics infrastructure were recorded.

“The ports were under fire practically every other day,” the post states.

Kuleba specified that since the start of the full-scale invasion, 935 port infrastructure facilities have been damaged or partially destroyed, 191 civilian vessels have been affected, and 255 people have been injured.

“Despite this, the Ukrainian maritime corridor is operational. It remains one of the key tools for supporting the national economy, ensuring exports, and Ukraine’s important contribution to global food security,” the Deputy Prime Minister emphasized.

As reported, Ukraine’s ports handled 35.8% more cargo in April 2026 than in April 2025—8.2 million tons.

According to the Ukrainian Sea Ports Authority (USPA), in total, from January to April 2026, Ukraine’s seaports handled 29.5 million tons of cargo, which is more than during the same period in 2025.

At that time, it was noted that grain accounted for the bulk of the cargo flow—16 million tons, which is 7% more than last year.

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