"Kernel" increases sunflower oil sale




Agroholding "Kernel" in Q2 of 2024 FR (October-December 2023) increased the sale of sunflower oil by 13% y-o-y to 388.4 thsd tonnes. This is stated in the company's quarterly report.

This increase was due to a growth in the volume of sunflower seed processing in the reporting period to 81.2 thsd tonnes, exceeding the figure of October-December 2022 by 24%.

The company also named the launch of the Ukrainian maritime corridor as one of the factors for the increase in sales, which made it possible to increase the volume of product shipments.

"Thanks to the use of the temporary corridor for commercial shipping created by the Navy of Ukraine, in October-December 2023, "Kernel" was able to increase the throughput of the export terminal by 11.2 times to 1.805 mln tonnes compared to the indicator of the previous quarter. This volume includes transshipment of grain, sunflower oil and sunflower cake, as well as transshipment services provided to third parties (65 thsd tonnes),” the report states.