The agricultural holding Continental Farmers Group has resumed sowing operations after a forced pause caused by a significant cold snap, the company’s press service reports.
Continental reminded that it started the sowing campaign in the last days of March with sowing sugar beet and planting potatoes, and is currently sowing sunflower.
In total, in the new season, Continental will grow spring crops on an area of almost 96 thou hectares, of which the largest share will be soybeans – 49.5 thou hectares, 26 thou hectares for corn, 15.7 thou hectares for sunflower, 2.5 thou hectares for sugar beet, and 2.1 thou hectares for potatoes.
“Favorable weather conditions and soil preparation, which started as planned in mid-March, helped us to start sowing spring crops early. However, further precipitation slowed down the pace of work, and significant temperature drops in the first half of April even suspended it,” the company said.
Continental expects the peak load of field work in the second half of April, when corn and soybean sowing begins. The company expects to complete the sowing campaign in the second decade of May if the weather does not make any significant adjustments.
Mriya Agro Holding 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.
“Continental Farmers Group is an agricultural company that cultivates 195 thousand hectares of land in 5 regions of Western Ukraine: Ternopil, Lviv, Khmelnytsky, Chernivtsi, and Ivano-Frankivsk regions. The company specializes in crop production: it grows grains, oilseeds and industrial crops and is one of the largest potato producers in Ukraine.
