Kernel Holding Comments on Possible Bulk Sunflower Oil Export Duty
OREANDA-NEWS. On May 13, 2014, the Ukrainian Parliament registered a draft law to impose a 3% bulk sunflower oil export duty starting January 1, 2015. Management Board of Kernel Holding S.A. believes that export duty on bulk sunflower oil shall not affect the crushing business as incremental cost would be passed over to the farmers through the re-pricing mechanism. Should the proposed legislation be passed, the farming segment of the Company would incur additional annual cost estimated around USD 2m.
Комментарии