Kernel sunflower oil sales up 15 pct in FY2019

In FY2019 (July 2018 – June 2019), Kernel sold the record 1.6 million tons of sunflower oil, 15% more y-o-y (FY2018: 1.4 million tons).

Sunflower oil sales volumes in Q4 FY2019 totalled at 445 thousand tons, a 7% increase y-o-y (Q4 FY2018: 417 thousand tons).

Sales of bottled sunflower oil amounted to 33 million liters in Q4 FY2019, flat y-o-y, and 131 million liters for the whole FY2019, up 10% y-o-y.

Company’s oil extraction plants processed 896 thousand tons of oilseeds in Q4 FY2019, up 7% y-o-y, including 884 thousand tons of sunflower seeds and 12 thousand tons of soybeans. Overall, Kernel processed 3.2 million tons of oilseeds in FY2019, marginally up by 1% y-o-y and slightly above the initial guidance of 3.1 million tons.

Previously the company informed about the start of exporting refined deodorized winterized oil produced from worm-pressed sunflower oil to China under the "Chudovyi Smak" brand.