Edition:
United Kingdom

Kernel's Q3 Grain Sales Down 21.8 Pct YoY


Tuesday, 17 Apr 2018 

April 18 (Reuters) - KERNEL HOLDING SA ::REPORTED ON TUESDAY THAT IN Q3 2017/2018 TOTAL GRAIN SALES VOLUMES DECREASED BY 21.8 PCT TO 1.1 MILLION TONNES YEAR ON YEAR.IN Q3 2017/2018 COMPANY WAS NOT EXPORTING GRAIN FROM RUSSIA AS IT ASSIGNED A SIZABLE PORTION OF ITS FY 2018 TRANSSHIPMENT QUOTA TO A THIRD PARTY, SECURING BUDGETED LEVEL OF EARNINGS FROM RUSSIAN OPERATIONS FOR FY 2018 .VOLUMES OF SUNFLOWER OIL SOLD IN BULK IN Q3 DECLINED 14.0 PCT TO 0.3 MILLION TONNES YEAR ON YEAR, THE COMPANY CONTINUED TO ACCUMULATE A STOCK OF SUNFLOWER OIL.SALES OF BOTTLED OIL WERE DOWN 24.4 PCT IN Q3 TO 26 MILLION LITRES DUE TO THE EXPIRATION OF ONE-YEAR EXPORT CONTRACT WITH A CUSTOMER.