Business news from Ukraine

AGROTRADE TO SEND SOME $40 MLN FOR SPRING SOWING CAMPAIGN IN 2017

2 February , 2017  

KYIV. Feb 2 (Interfax-Ukraine) – Agrotrade agroindustrial group will send near $40 million for its spring sowing campaign in 2017.

“Around $40 million will be sent for the 2017 sowing campaign. All 17 enterprises of the group have all the required machinery, seeds, plant protection agents and other things,” the group’s press service reported on Wednesday.

Since 2006 Agrotrade has been cooperating with many financial structures. Its loan portfolio includes contracts with Credit Agricole Bank, Raiffeisen Bank Aval and other banks.

“2017 started favorably and early this year all limits to finance the sowing campaign were approved by the banks,” the group said.

As reported, Agrotrade invested around UAH 10 million in the launch of organic production on 2,000 ha in Chernihiv, Sumy and Kharkiv regions.

Since spring 2017 the company will start producing own organic crops – soybeans, peas and buckwheat. The crops will be sold to the EU and the United States.

Agrotrade is a vertically integrated holding, engaged in production, processing, storage and trade in agricultural products.