Business news from Ukraine

Business news from Ukraine

ALLSEEDS TO PROCESS 500,000 TONNES OF SUNFLOWER SEEDS IN 2015/2016 MY

21 December , 2015  

KYIV. Dec 21 (Interfax-Ukraine) – Allseeds Group intends in the 2015/2016 marketing year (MY, September-August) to process 500,000 tonnes of sunflower seeds at a new plant in Odesa region.

“We want this year to process about 500,000 tonnes of sunflower seeds. Unfortunately, the original plan was higher, but during the launch phase we had problems with the husk granulator,” company CEO Viacheslav Petrysche said in an interview with Interfax-Ukraine.

According to him, the company receives seeds with a different oil content, therefore it decided to introduce the basic oil content when accepting seeds at the plant at the level of 44%.

Petrysche said he sees no prospects for the growth of purchasing prices for sunflower. According to him, with the yield being 12 million tonnes the price of sunflower seeds has fallen to UAH 9,200-9,500 per tonne from UAH 11,000 per tonne.

Allseeds in 2016 will start to actively design the second stage of the oil extraction complex for 2,400 tonnes of seeds per day, and afterwards the third phase.