Kernel signs tolling deal to process 230 ths mt of sunflower seed

Kernel Holding (KER PW) said yesterday in a press release that it signed a tolling agreement to crush 230 ths mt of sunflower seed for year. The oilseed processing for production of oil and meal will take place at a new crushing plant in Illichevsk, a Black Sea port city, next to Kernel’s grain terminal. Andrey Vereskyy, chairman of the board of Kernel, said the oilseed processing agreement will allow the company to improve logistics in oil and meal and reduce costs.