Business news from Ukraine

Business news from Ukraine

Corteva Agriscience increased exports of corn seeds by 50%

20 January , 2024  

Corteva Agriscience, an international research and development agricultural company, increased corn seed exports by 50% in 2023 compared to the previous year, its press service reports.

According to the press release, during 2023, the company’s seed production complex in Poltava region shipped more than half a million sowing units of Pioneer® corn seeds, which was a record volume for the 10 years of Corteva’s production in Ukraine.

“Russia’s actions against Ukraine’s agricultural sector prove its outstanding role in ensuring food security in many regions of the world. Corteva considers Ukraine to be one of the largest players in the global agricultural market and in recent years has been consistently increasing production and export of high-quality hybrid corn and sunflower seeds to ensure the ability to produce agricultural products in Ukraine and in those countries where farmers depend on seeds produced in our country,” said Oleksiy Turchynov, Head of Seed Production at Corteva Agriculture in Ukraine.

The company also said that it intends to continue developing the production capacity of the seed complex to increase seed exports through established sales channels to the European Union. To this end, the company has reconfigured its export chains and in 2023, farmers in Europe (Austria, France, Hungary, Romania, Slovakia, Bulgaria, Belgium, Czech Republic, Germany, Lithuania, Poland, Serbia) and Central Asia received Ukrainian corn seeds of the Pioneer® brand.

As reported, the company’s seed complex in Poltava region was officially opened in June 2013. More than $56 million was invested in its construction. The annual capacity of the plant is about 500 thousand sowing units of corn seeds and 250 thousand sowing units of sunflower seeds.

Corteva Agriculture is a global agricultural company. It offers comprehensive solutions to maximize yields and profitability. It has more than 150 research facilities and more than 65 active ingredients in its portfolio.

The company’s presence in Ukraine includes the headquarters in Kyiv, a research center in Liubarky (Kyiv region) and a seed production complex in Stasi (Poltava region).

In April 2022, the company decided to leave the Russian market due to the full-scale war against Ukraine unleashed by Russia.

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