So apart from Europe recession there is no other headwinds right?
Ukraine was also their significant market (being large wheat and food grain producer).
Brazil is also big market (being soya bean and food grain producer), they have opened a subsidiary there to do local business ( stock and sell).
But at end of the day rebalancing of supply chain will happen and demand will come back. KPL being quality food grade manufacturer has sticky clientele.
In general because of economic slowdown all buyers are keeping low inventory. ( This is Applicable for everything in general not only FIBC).
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