KYIV. March 16 (Interfax-Ukraine) – The Bayer international chemical and pharmaceutical concern sold $100 million more in crop planting sector goods last year than in 2014.
“Bayer’s total sales in Ukraine last year exceeded EUR 283 million. Sales of goods in the crop planting sphere – EUR 100 million,” Head of Bayer Crop Science in Northern Black Sea Countries Andreas Loechel told reporters on Monday.
He said that sales of crop goods did not change in the U.S. dollar equivalent, but they posted an 18% increase in hryvnias due to local currency devaluation.
Bayer, the International Finance Corporation (IFC) and Raiffeisen Bank Aval on March 14 announced the start of a new partner financing program. The program helps agricultural companies and farmers by providing low-cost harvest planning and financing.
The financing term has been adapted to the crop cycle (up to nine months). Payments can be completely settled after selling the summer harvest.
Bayer has been operating in Ukraine since 1992 and focuses on health care, agriculture, and high-tech materials. It is a large supplier of plant protection agents (pesticides, herbicides and fungicides).
