# Ukraine's Kernel flags ‘uninspiring' 2021 outlook, despite buoyant Q1 - Fastmarkets

> Kernel, Ukraine's largest sunflower oil producer, describes its 2021 outlook as uninspiring because drought ruined the Black Sea sunseed crop. Its first-quarter EBITDA nearly tripled to $290 million on stronger crushing margins and trading.

- Date: 2020-11-27 · published 2020-11-27T12:00:00.000Z
- Category: weather · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/50281-ukraine-s-kernel-flags-uninspiring-2021-outlook-despite-buoyant-q1-fastmarkets
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

A weak Black Sea sunseed harvest and expected tight supplies by the end of the marketing year support sunflower oil and meal prices. Reduced crush volumes would also cut meal availability.

## Read by commodity

- SUNMEAL: bullish ▲

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/ukraine-s-kernel-flags-uninspiring-2021-outlook-despite-buoyant-q1/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.