NIBULON Reduces Grain Exports to 60,000 Tons in July

In July, NIBULON exported only 60,000 tons of grain out of the contracted 250,000 tons due to the blockade of Ukrainian seaports. Only two vessels were shipped instead of the planned volume. The company's owner, Andrey Vadatursky, noted that the export program was based on shipments through the ports of Odessa. The company invested about $25 million in developing infrastructure on the Danube during the blockade, but after the resumption of the maritime corridor, the alternative route ceased to be actively used. Vadatursky believes that alternative export routes should be supported even after the restoration of seaports, suggesting compensation for transportation costs and support for shipments through Ukrzaliznytsia. He does not consider the situation critical for the agricultural sector, suggesting that the restoration of alternative logistics and market stabilization could return the industry to profitability within two to three months. Russian attacks on civilian vessels and port infrastructure have halted traffic to the ports of Greater Odessa, posing a threat to the export of more than 30 million tons of Ukrainian agricultural products.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.