Business news from Ukraine

Business news from Ukraine

“Continental Farmers Group” completes harvesting and expands capacity

18 November , 2024  

The agricultural holding Continental Farmers Group is completing the harvesting of the late crop group, for which more than 93 thousand hectares were allocated in the 2024 season, the press service of the agricultural holding reported.
According to the report, Continental has already harvested sunflower from an area of 13 thou hectares, soybeans from 46.5 thou hectares, potatoes from 1.8 thou hectares, sugar beets from 3.2 thou hectares, and is completing threshing corn from 28.5 thou hectares. For all major crops, the company managed to achieve the appropriate quality indicators and exceeded the planned yield.
In addition, Continental has also completed sowing winter crops for the 2025 harvest and sowed 85.2 thousand hectares.
According to Georg von Nolken, CEO of Continental Farmers Group, the agricultural holding’s team has coped with its production targets and achieved the planned results in its operations.
“We continue to work in difficult, unpredictable conditions: we sow and harvest crops, support the national economy and local communities at a time when both the internal situation in the country and the circumstances on foreign markets pose serious challenges to the agricultural business. Effective technologies, well-established processes and reliable support from a strategic international investor allow Continental to remain stable and even grow in such conditions,” Georg von Nolken emphasized and added that the company managed to achieve its goals thanks to teamwork.
According to the agroholding, in the 2024 season, Continental expanded its storage capacity and bought a 120 thsd ton elevator in Lviv region. In addition, the company created its own railroad fleet of 250 grain cars. This allowed Continental to start developing a new business area in the region – trading – and to develop its own logistics and infrastructure.
The agricultural holding also upgraded its agricultural machinery fleet and carried out the planned modernization of its potato and elevator facilities.
“Next year, the company will stick to its existing production strategy: the priority is to continuously improve operational efficiency, technology, advanced agronomic practices, sustainable development and regenerative production approaches,” Continental summarized.
Mriya Agroholding and CFG, united under the name Continental Farmers Group, have been operating as a single business since November 2018, when Mriya entered into an agreement with international investor Salic UK to sell its assets.
Salic was founded in 2012. Its sole shareholder is the Saudi Arabian Public Investment Fund, which invests in agricultural and livestock production.