Kernel Increases Grain Exports by Almost 50% in Fiscal Year 2024

by Roman Cheplyk
Thursday, July 25, 2024
1 MIN
Kernel Increases Grain Exports by Almost 50% in Fiscal Year 2024

Kernel exported 5.5 million tons of grain in FY2024, marking a 47% increase from the previous year, primarily due to stable Black Sea exports

Key Highlights:

  • Grain Exports: Kernel exported 5.5 million tons of grain in fiscal year 2024, a 47% increase from the previous year, thanks to stable export routes via the Black Sea.

  • Oilseed Processing: The company processed 3.2 million tons of oilseeds, reaching pre-war processing levels. This was achieved by commissioning a new oil extraction plant in western Ukraine.

  • Agricultural Product Throughput: Kernel transferred 6.7 million tons of agricultural products through its terminals, including 486,000 tons for partners. In FY2024, Kernel offered its port facilities to Ukrainian farmers to help boost agricultural exports.

Conclusion

Kernel's substantial increase in grain exports and robust oilseed processing capabilities underscore its pivotal role in supporting Ukraine's agricultural sector. The company's efforts to facilitate export volumes highlight its commitment to enhancing the country's agricultural export infrastructure.

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