A major agro-industrial project is being implemented in Mykolaiv region — the construction of the OLVIA multi-grain complex for oilseed and corn processing. The project is being carried out in two stages.
At the first stage, the company modernized its existing elevator with a total capacity of 84,700 cubic meters, equipping it with advanced grain drying and cleaning systems. The company also launched press-preparation and extraction workshops, built storage facilities for meal and husks, a biomass boiler house, oil storage tanks, and its own electrical substation, which ensures the plant’s energy autonomy.
At the second stage, production capacity is expected to double. The company plans to construct additional press-preparation and extraction workshops, expand oil storage capacities, and establish its own electricity generation system. The project also envisions the construction of refining, deodorization, and winterization workshops, a bottling line, and warehouses for storage and shipment of finished products. In the future, the company intends to develop deep corn processing with the production and packaging of starch for both domestic and international markets.
According to Ukraine’s agricultural sector data, in the 2024/25 marketing year, the country exported 17.2 million tons of vegetable oils, oilseeds, and related processed products — 3.1 million tons less than the previous year. However, due to rising global prices, export revenues increased by 2.3%, exceeding $10 billion.
Updated August data from the Ministry of Economy indicated improved grain yields thanks to later harvesting in northern regions. While wheat and barley yields initially lagged behind last year’s figures, by autumn they had nearly matched them.
In its September report, the U.S. Department of Agriculture (USDA) projected a 2% decline in Ukraine’s sunflower crop in 2025. However, the October forecast was not released due to the temporary suspension of U.S. government operations.
By the end of the 2024/25 marketing year, Ukraine faced a shortage of sunflower oil caused by limited raw material supply and the reorientation of processing plants toward soybeans and rapeseed. This led to an increase in domestic prices for unrefined sunflower oil to UAH 58,000–60,000 per ton (equivalent to $1,160–1,200). Export prices stood at approximately $1,135–1,145 per ton for August deliveries and $1,100 per ton for September contracts.
At the same time, the Cabinet of Ministers of Ukraine abolished the 10% export duty for agricultural producers exporting domestically grown soybeans and rapeseed. According to Forbes Ukraine, this decision was made to support local producers and encourage exports of higher value-added agricultural products.
