AllSeeds Group, one of Ukraine’s largest producers of sunflower oil and meal, has stopped buying raw materials for processing and finished products for export due to delays of ships in ports during the implementation of a new system of export security, the head of the group Vyacheslav Petrishche said on Facebook.
He recalled that on the initiative of the Verkhovna Rada Committee on Finance, Tax and Customs Policy from December 1 began to operate the export security regime to operations for the export of certain types of agro-commodities, which provides a new procedure for customs clearance of export cargoes.
“Well a good thing it seems. Allegedly to combat the shadow market and return currency to the country. I am personally unequivocally in favor of it. I have always been, am and will be against the shadow market. But can it be done not to the delight of the enemy during the bombings, but for the good of the motherland? (…) If you introduce a new procedure, can it be tested first? Will it work at all?” – wrote Petrishche.
According to his information, the authorities issued permits for loading agro-products with all necessary checks on November 29 (before the introduction of the new system – IF-U). Large ships entered Odessa seaports, carried out loading for several days and waited a long time for registration.
“Did you put all this goodness under the berths on purpose for inspection? So that the enemy could take better aim???? (…) during the war I would call it sabotage, you can’t think of anything else. (…) Well, let these boats go (the law has no retroactive effect) and do not launch new ones (and they are already waiting) until exporters submit export documents properly executed according to the new procedure”, – said the head of the AllSeeds group of companies.
Petrische drew attention to the growing losses of companies due to ship demurrage and pointed to safety problems during the downtime in the transition period when implementing the new agro-export system.
“Our company has stopped buying raw materials for processing and finished products for export. It is better to let people go home and sit with their money than to take the risk that if you are not the enemy, you will be “sheltered” by your own people. I recommend it to everyone,” Petrishche emphasized.
He reminded the head of the parliamentary finance committee, Daniil Hetmantsev, that the road to hell is paved with good intentions, and recommended him to “ruin the whole economy” on his own.
“God grant him health, and God grant the country to survive it! (…) It’s a shame for the State,” summarized the head of the AllSeeds group of companies.
Allseeds Group is one of the five largest Ukrainian producers and exporters of vegetable oils and meal. It owns an oilseed processing plant with a capacity of 2200 MT per day of sunflower seeds (or 1500 MT per day of rapeseed or 1 day of soybeans), which is located in the port “Yuzhny” (Odessa region).
Allseeds also provides transshipment services for vegetable oils and oilseed meal at its terminals in Yuzhny. The capacity for simultaneous storage of vegetable oils is more than 100 thousand tons, and of oil meal – 30 thousand tons.
The Dutch Entrepreneurial Development Bank FMO (Nederladse Financierings-Maatschappij voor Ontwikkelinglanden N.V.) and Cyprus-based Abbeydrift Limited through a specially established company (SPV) can jointly with Cypriot Badoix Investments Ltd. indirectly gain control over Allseeds S.A. (Luxembourg), the holding company of Allseeds Group, a large Ukrainian producer and exporter of vegetable oils. According to the website of the AMC, it provided the relevant permit to FMO and Abbeydrift Limited.
Earlier mass media called Badoix Investments Ltd. one of the founders of Allseeds S.A.. At present, the ultimate beneficiary of the Luxembourg company in the state register are CEO of Allseeds Viacheslav Petrysche and Trade Director Cornelis Vrins (a citizen of Switzerland).
The Cypriot company Abbeydrift Limited was established in late 2014. There is no additional information about it.
The Dutch Entrepreneurial Development Bank FMO in mid-July this year disseminated information on preparing a project for the issuance of $15 million loan to Allseeds to increase the company’s capacity and achieve maximum efficiency without buying new equipment. However, now information about this project is not available on the FMO’s website.
Allseeds Group was founded in 2010. In July 2015, the group commissioned an oil extraction plant at Yuzhny port with a capacity of processing 2,400 tonnes of sunflower seeds per day (or 1,800 tonnes of rapeseeds, or 1,500 tonnes of soybeans).
