Kostyantyn Kryvopust: “Kernel has reduced oil processing by 30%”


According to the results of the 2022 FR (ended June 30), oil extraction plants “Kernel” processed 2.2 million tons of oil crops, which is 31% lower than a year earlier.

This is stated in the report of the company.

The sales volumes of edible oils decreased by 29%, amounting to 967.2 thousand tons.

In addition, the company exported almost 8 million tons of grain during the reporting period, which is 1% less than last year’s figure.

Transshipment of grain at the export terminals of the agricultural holding in Ukraine decreased by 11% to 7.3 million tons.

During the reporting period, “Kernel” elevators received almost 4.2 million tons of grain and oil (+10% compared to last FY).

For reference: “Kernel” is the world’s largest producer and exporter of sunflower oil, a leading producer and supplier of agricultural products from the Black Sea region to global markets. The company’s vertically integrated structure is built on closely related business segments: production, export and domestic sales of sunflower oil; high-tech crop production; export of grain crops; provision of grain storage and transshipment services at elevators and port terminals. “Kernel” accounts for about 8% of world oil production.

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