Business news from Ukraine

Business news from Ukraine

UKRAINIAN AGRICULTURAL GROUP KERNEL RAISES SALES OF GRAIN BY 2.2 TIMES

18 July , 2019  

Kernel, one of the largest Ukrainian agricultural groups, in the 2019 fiscal year (FY, July-June) increased sales of grain by 2.2 times compared with the previous FY, to 10.445 million tonnes. According to the company’s website, sales of sunflower oil increased by 15% compared to the same period of the previous fiscal year, to 1.6 million tonnes.
Sales of bottled oil during this period grew by 10% compared with the previous year and amounted to 131 million liters.
In the 2019 FY, the plants of the holding processed 3.2 million tonnes of oilseeds (sunflower and soybeans), which is almost the same as last year.
Grain exports from Ukraine over the year amounted to 6.1 million tonnes (58% more). Transshipment of grain at the export terminals of the agricultural holding in Ukraine in the 2019 FY rose by 12%, to 4.6 million tonnes, in the Russian Federation decreased by 28%, to 1.4 million tonnes.

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