CAIRO, EGYPT — Nibulon and the United Nations’ Food and Agriculture Organization on Dec. 6 signed a Memorandum of Cooperation that paves the way for the two groups to work together to improve the performance of Egyptian companies engaged in the production of grains, their storage and transportation.

The signing of the agreement was part of a forum held in Cairo called “Promoting Sustainable Investment in Food Security in Egypt.”

Nibulon, which is the largest grain trader in Ukraine, exports grain to more than 60 countries around the world, and since 2009 has delivered more than 747,000 tonnes of wheat to famine-affected countries in the framework of the UN World Food Program.

As part of its collaboration with the FAO, Nibulon said it will share knowledge and experience through joint meetings and meetings organized by the FAO on grain storage, logistics and transportation. Nibulon said it also plans to participate in policy discussions through sectoral associations and public-private working groups, and will work to identify investment needs and opportunities in the grain sector.

Nibulon transshipment terminal in Ukraine
One of Nibulon's transshipment terminals in Ukraine.
Photo courtesy of Symaga.
Additionally, Nibulon said it will participate in sectoral trainings in Egypt and Serbia on improving the storage of grain and logistics for young professionals.

“This agreement is another significant step aimed at intensifying efforts to expand the FAO’s activities to eliminate hunger and improve food security in the region,” said Abdessalam Ould Ahmed, FAO assistant director-general and regional representative for Near East and North Africa. “There is potential for improvement, but much effort is needed to improve grain storage, transportation, sampling and analysis, so that the people of Egypt and neighboring countries benefit from it.”

Alexey Vadatursky, chief executive officer of Nibulon, added, “Today, Nibulon is ready to share its knowledge on improving productivity at all levels of grain supply from the FAO and its partners, so that we can move forward in achieving our common goal — the world without hunger.”