One of Kernel's factories, the largest sunflower oil producer in the Ukrainian market, ceased operations due to a shortage of raw materials.
According to the company's report, the shutdown occurred in January 2025.
"Due to the limited availability of sunflower seeds in the market, three of Kernel’s plants were processing other oilseeds, crushing 93 thousand tons of soybeans and 14 thousand tons of rapeseeds during the reporting period. Nevertheless, in January 2025 one of Kernel’s plants ceased operations due to the deficit of feedstock on the market," the statement reads.
According to Kernel, in the second operational quarter of 2025 (the calendar IV quarter of 2024), the company's factories processed 973,000 tons of oilseeds. This is a 20% increase compared to the same period in 2023.
This improvement occurred due to the launch of a new oilseed processing plant in western Ukraine in February 2024. Processing volumes for October-December 2024 also rose by 42% compared to the previous quarter.
In Q2 FY2025, edible oil sales rose by 52% q-o-q and 11% y-o-y, reaching 408 thousand tons, driven by increased oilseed processing volumes. Of this total, bottled sunflower oil comprised 26 thousand tons.
With an earlier start to the harvesting season, the Group’s silo intake volume in Q2 FY2025 normalized at 745 thousand tons, bringing the total for H1 FY2025 to 2.6 million tons, which reflects a modest 5% y-o-y increase.
