Agroholding “Kernel”, one of the largest in Ukraine, with a record yield completes harvesting of early grain crops, under which 70 thousand hectares are allocated, the press service of the agroholding reported.
“This year’s winter wheat yield, depending on the region of the cluster location, was from 5.8 to 7.3 tons/ha. The weighted average yield is almost 70% higher than last year’s figure,” the agroholding said on Facebook.
According to “Kernel”, on the post-harvest areas are implemented programs of biologization of farming. To support biodiversity and improve soil fertility, cover crops have already been sown on 22 thousand hectares.
It is noted that agronomic divisions of the agroholding continue to test and research the effectiveness of using different mixtures of cover crops to assess their impact on physical and chemical characteristics, microbiological activity of soil and phytosanitary condition of fields.
Before the war, Kernel Agro Holding ranked first in the world in sunflower oil production (about 7% of world production) and exports (about 12%). It is one of the largest producers and sellers of bottled oil in Ukraine. In addition, it is engaged in growing agricultural products and their realization.
The largest co-owner of Kernel through Namsen Ltd. – is Ukrainian businessman Andriy Verevsky, who this year increased his stake from 41.3% to 74.05% as part of the buyout and delisting of the agroholding from the Warsaw Stock Exchange.
Kernel’s net profit for the first nine months of FY 2023 (July-2022-March 2023) rose 36% to $437 mln, while revenue fell 45% to $2.715 bln.
