Kernel elevators boosted grain receiving by a quarter

Since the start of the season, the Kernel elevators have received 4.1 million tons of agricultural products, 25 pct more than over the corresponding period last year.

“Today, some of our elevators surprise with new records and make real the indicators that recently seemed fantastic to us. The Balinsky Grain Elevator is a prime example. The marketing year is not over yet, yet the company's team has already crossed the “half-million threshold” with 520 thou. tons of grain receiving!”, commented Yevgeny Osipov, the CEO of the company.

The company notes that a new set of measures has contributed to the new indicators in 2019. In addition, the creation and expansion of own wagon car fleet supported a positive dynamic.

“In 2018/19, we planned to further increase the storage capacity of our elevators by 245 thou. tons, as well as to expand the capacity for receiving, drying and shipping at five elevators. These measures as aimed at receiving an additional 750 thou. tons of annual throughput of inland elevators by this fall. In general, until the end of the season, we plan to increase the volume of grain procurement to 3.9 million tons, 18 pct more from last year, and actually exceeded the plan by 5pct,” commented Nikolai Solntsev, Head of Storage Department at Kernel.

As previously reported, Kernel initiated the construction of the Starokostiantyniv crushing plant. The designed capacity of the enterprise is 1 million ton per year.

The infographic guide Agribusiness of Ukraine 2017/18 is available by the link.