KYIV. July 21 (Interfax-Ukraine) – Kernel, a large Ukrainian agrarian group, in FY 2015 that began in July 2014 increased grain sales by 12% year-over-year, to 4.744 million tonnes, the company said in a report on the Warsaw Stock Exchange (WSE).
The company said that bulk sunflower oil sales rose by 12%, to 1.03 million tonnes and bottled oil sales grew by 5%, to 98.914 million liters.
Over the period the holding crushed 2.523 million tonnes of oilseeds, which is 8% up year-over-year.
In April-June 2015, bulk oil sales were up by 1%, to 300,292, and sunflower oil sales were seasonally weak: they fell by 5%, to 18.134 million liters. A decline in domestic sales was due to lower purchasing power, which was more than compensated by growth in export deliveries.
Grain exports in Q4 FY2015 grew by 11% year-over-year, to 712,770 tonnes. Exports from Russia remained weak during the last quarter as farmers delayed export sales in expectation of a review of the high wheat export duty.
Export terminals’ throughput growth in FY2015 of 23% y-o-y to 4.8 million tons reflected the company’s execution of grain sales, as well as a higher share of grain delivered through our own export terminals. Export terminals’ throughput amounted to 949.6 thousand tons in Q4 FY2015 (up 13% year-over-year).
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.