2 Aug 2023 14:29

Ukraine's Kernel starts purchasing fertilizers from Jordan, Morocco

MOSCOW. Aug 2 (Interfax) - Kernel agroholding, one of Ukraine's largest agricultural companies, has started purchasing fertilizers from Jordan's Arab Potash Company and Morocco's OCP, Ukrainian media reported, citing Kernel's press service.

"Ukrainian industry previously depended on Belarusian and Russian producers. We continue today to develop alternative supply chains actively," Kernel posted on social media.

Kernel and its partners have received two vessels from Jordan and Morocco with potash and complex fertilizers, from Arab Potash Company and OCP, at the port of Gdansk, Poland.

"The fertilizers are already on the way to Ukrainian farmers," Kernel adds.

Kernel agroholding is the largest producer and exporter of vegetable oil in Ukraine, and produces and exports sunflower oil. The company also cultivates agricultural products and sells them.

Ukrainian entrepreneur Andrei Verevsky is Kernel's largest co-owner through Namsen Ltd. Verevsky increased his stake from 41.3% to 74.05% this year as part of a share buyback and the company's planned delisting from the Warsaw Stock Exchange.