Business news from Ukraine

ALLSEEDS SENDS FIRST SHIP WITH 6,660 TONNES OF SUNFLOWER CAKE TO MOROCCO

19 October , 2015  

KYIV. Oct 19 (Interfax-Ukraine) – Allseeds Black Sea on October 16, 2015 sent the first Rotterdam ship laden with 6,660 tonnes of sunflower cake made at the company’s seed crushing plant at Yuzhny port (Odesa region) to Morocco.

The company said in a press release that the next batch of cake – 12,000 tonnes – will be shipped in late October.

In addition, in coming days the company plans to export 20,000 tonnes of Ukrainian sunflower oil to India.

As reported, Allseeds Group in July 2015 launched the first line of the oil crushing plant at Yuzhny port in Odesa region with a capacity of 2,000 tonnes of oilseeds a day. By 2021, the plant’s capacity is to be expanded to 10,000 tonnes a day by the construction of the second and third lines.

Allseeds intends to deal with grain trading and is mulling the possibility of investing in the port grain terminal.

Allseeds was created in the second quarter of 2010 as a result of the purchase by the Allseeds management of a controlling stake in the business based on trading activity. After attracting foreign investors (Switzerland, Germany, the Netherlands), the company entered the oilseeds market as a trader. In 2013, it completed construction and opened a terminal for vegetable oil handling with a capacity of 42,000 tonnes in Yuzhny port.