By KYIV. Dec 14 (Interfax-Ukraine) – JV Nibulon LLC (Mykolaiv), one of the largest operators in the grain market of Ukraine, in January 2022 exported less than 6% of the total monthly export of grain crops from Ukraine, while by November 15, the holding increased its share of the market to 6.3% of total exports from the country.
According to the website of the grain trader, from January 1 to November 15, 2022, it supplied 1.7 million tonnes of grain to foreign markets, of which only 0.75 million tonnes were exported from March to November, which is 61.5% less compared to March-November last year.
According to Nibulon, such a decline in supplies indicates the long-term impact on the agricultural sector of Ukraine of the war unleashed by Russia, as well as interruptions in the usual logistics routes due to the Russian blockade of exports through the Black Sea and the Dnieper River.
The grain trader expects the full launch of its grain terminal in Izmail in December, which will open up further opportunities for the holding to increase exports and reduce dependence on the UN Black Sea Grain Initiative, suffering from inefficiency and uncertainty.
In addition, Nibulon has made every effort to make maximum use of available non-Black Sea export channels, including land and rail transport. Between May and November 2022, the agrarian group delivered more than 50,000 tonnes of grain to Poland, Hungary and Romania by rail, and 160,000 tonnes by barge to Romania.
"Ukraine’s agricultural sector has always been the driving force behind the country’s economic growth. Now we need this driving force for economic recovery. Despite major ongoing challenges to our business operations, Nibulon is looking for innovative solutions to connect Ukrainian farmers to international markets and preservation of global food security," Andriy Vadatursky, CEO of the company, said.
