KYIV. Dec 1 (Interfax-Ukraine) – Grain exports in FY 2016 (July-June) will total 4.5 million tonnes, the founder and board chairman of Kernel Andriy Verevsky said at a phone conference with investors.
“This financial year we plan to realize our ambitious plan: to export 4.5 million tonnes of grain,” he said.
Verevsky said that the company completed the winter crop sowing campaign, although due to bad weather, wheat sprouts are growing slowly.
“Today the situation is better than a month ago, but it is early to make the final decisions on further actions. Maybe, 10-15% of fields will be re-sowed with spring crops. It is not a problem for us. We have resources. We could re-sow with corn and soybeans, which would balance additional expenses,” he said.
Verevsky said that in September 2010 Kernel signed a contract with Creative on crushing 200,000 tonnes of sunflower seeds on a tolling basis. The contract would expire soon. There are no new contracts, although Kernel is working on this direction.
Kernel is a vertically integrated company which has been operating in the Ukrainian agribusiness sector since 1994. The group produces sugar and sunflower oil, distributes bottled oil under the brand names Schedry Dar, Stozhar and Chumak Zolota, exports oil and grain, and provides elevator storage services for grain and oilseeds.
