The First Ukrainian International Bank (FUIB, Kyiv) and Limagrain, one of the world’s largest seed companies, have updated the terms of their partnership program and introduced promotional terms for the purchase of corn seeds, the bank’s press service reports.
According to the report, now farmers can purchase these products of the LG Seeds brand of Limagrain at a rate of 0.01% per annum for 9 months.
“The advantages of the partnership program include simplicity and transparency of the process, no need for collateral valuation and notarization, and a convenient repayment schedule adapted to the seasonality of agricultural work. There is also no loan fee,” FUIB emphasized.
For more information about the terms of lending in FUIB, please follow the link or call the bank’s hotline: 0 800 501 27 (calls are not charged).
“Limagrain is a seed company founded by farmers in France more than 50 years ago, ranked fourth in the world ranking. The company has been present in Ukraine since 2008. Its main crops are corn, sunflower, rapeseed, spring and winter wheat, spring and winter barley (feed/brewing). The company’s global network of branches covers 56 countries. The company annually invests about 14% of its turnover in research.
FUIB was founded in 1991. The owner of the bank’s substantial participation is Rinat Akhmetov (indirect participation of 99.9%).
In the second quarter of 2024, Corteva Agriscience, an international agricultural research company, increased organic sales of Pioneer® corn and sunflower seeds by 20% and 9% year-on-year, said Oleksandr Dmytriyev, Head of Business at Corteva Agriscience in Ukraine, at a media club meeting in Kyiv.
According to him, organic sales of plant protection products in the second quarter of 2024 increased by 71% compared to the same period last year. At the same time, Corteva’s global organic sales and operating EBITDA increased by 2% to $6.2 billion and by 8% to $1.9 billion in Q2 2024 compared to the same period last year.
“Corteva works side by side with farmers, understands the difficult situation they have faced during the war, and is constantly looking for opportunities to support them in difficult times of war and help ensure the economy of Ukraine and food security of the world. During the 2023/2024 season, Corteva partnered with programs from the Howard G. Buffett Foundation and the Food and Agriculture Organization of the United Nations (FAO) to help farmers through the fall and spring planting campaigns. Together with financial institutions, we offer tools that provide special lending or subsidy terms, giving access to resources that are key to maintaining business profitability, and we are actively working with producers in the frontline areas of Sumy, Zaporizhzhia, Donetsk, Kherson, and other regions,” Dmitriev said.
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 Liubartsi village (Kyiv region) and a seed production complex in Stasi village (Poltava region).
In April 2022, the company decided to leave the Russian market due to the full-scale war against Ukraine unleashed by Russia.
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.
The international research company Corteva Agriscience in 2021 doubled production of corn seeds in Ukraine compared to 2020, while 10% of the produced volumes will be exported, the company said in a press release.
The company did not indicate the actual volume of seeds produced, but clarified that in 2021 it doubled the sown area for corn seeds in Poltava region – up to 8,000 hectares.
“We plan to increase the share of production in Ukraine, in particular, taking into account the possibility of further export of corn seeds to the EU countries,” head of seed production in Eastern Europe Andriy Andriushko said.
In addition, it is planned to export 10% of the corn seeds produced at the Corteva Agriscience seed plant in the village of Stasy (Poltava region) to the EU countries, Transcaucasia, Kazakhstan, Uzbekistan and Belarus.
Corteva Agriscience is a global agricultural company. It provides farmers with solutions to maximize yields and profitability. It has over 150 research facilities and over 65 active ingredients in its portfolio.
Corteva Agriscience in Ukraine includes the company’s central office in Kyiv, a research center in the village of Liubartsy (Kyiv region) and a seed production complex, opened in 2013. Investments in the plant for five years amounted to more than $56 million.
