Business news from Ukraine

“Continental” has started harvesting winter crops from 89.5 thou hectares

24 June , 2024  

The agricultural holding Continental Farmers Group has started the first wave of harvesting winter crops, which are grown on 89.5 thou hectares, the press service of the agricultural holding reports.

According to the report, in the season-2024, the agroholding’s winter wheat area is 43.2 thou hectares, winter rapeseed – 33.4 thou hectares, winter barley – 12.9 thou hectares.

Continental started the harvest with threshing of winter barley in the Lviv cluster, followed by the harvest in the Galych, Bukovyna and Tsentr clusters. Once barley harvesting is complete, winter rapeseed threshing will begin in the first ten days of July. Winter wheat harvesting is expected to start in mid-July, the agricultural holding said.

According to Konstantin Shityuk, COO of Continental Farmers Group, due to the peculiarities of this spring and the extended vegetation of winter crops, the agricultural holding expected a very early start of the harvest. However, the situation was changed by a prolonged drought in May, and only in early June did farmers across the western region receive sufficient rainfall to normalize the duration of crop development.

“We still started barley harvesting much earlier than average: the June rainfall had little impact on its development. However, winter rape and winter wheat harvesting will start as usual in July. We were preparing for this year’s harvesting campaign with great seriousness given the significant uncertainties associated with the possibility of truck traffic, movement of equipment, changes in mobilization legislation, etc. There were difficulties in the supply of spare parts and disruptions in logistics, but in general, we managed to prepare the equipment, secure resources and get 100% ready for the start in the spring,” explained Shityuk.

The agricultural holding noted that Continental’s elevator facilities are equipped with generators to ensure uninterrupted operation during power outages and are fully prepared to receive early crops. The agricultural holding is also fully provided with the necessary machinery for harvesting: the share of leased units has not increased compared to previous years and is about 15%.

“The only issue that could negatively affect the harvesting campaign is the provision of trucks for harvesting, as most carriers do not belong to the critical infrastructure sector,” 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.

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