Brief: Kernel Holding Q2 Sales Volume Down 17% Y/Y

Kernel Holding SA

23/01/2023 06:33

Jan 23 (Reuters) - Kernel Holding SA  KER.WA :
    * REPORTED ITS OPERATION UPDATE FOR SECOND QUARTER ON FRIDAY
    * THE COMPANY HAS PROCESSED 653,011 TONNES OF OILSEEDS IN Q2
FY
2023, DOWN 34% YOY
    * EDIBLE OIL SALES VOLUME IN Q2 FY 2023 AT 344,710 TONNES,
DOWN
17% YOY
    * DUE TO DIFFICULTIES WITH THE BLACK SEA LOGISTICS, GRAIN
EXPORT
VOLUME FROM UKRAINE IN Q2 FY 2023 REDUCED BY 56% YOY TO 1.5
MILLION TONNES
    * THE GROUP FACES PROBLEMS RELATED TO UNCERTAINTIES CAUSED
BY THE
TERMINATION OF THE "GRAIN DEAL" IN MARCH 2023, WHICH MAKES THE
GROUP'S COUNTERPARTIES RELUCTANT TO ENTER INTO NEW EXPORT
CONTRACTS

        
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