International agricultural research company Corteva Agriscience in the three quarters of 2022 increased sales of seeds and plant protection products (PPP) on the Ukrainian market by 6.5% compared to the same period last year, while its profit increased by 5%.
According to the company representatives during the online event devoted to the results of its work for the nine months of this year, the global revenue of Corteva from sales of seeds and pesticides for this period increased by 16% up to more than $ 14 billion, mainly due to an increase in sales in the segment of innovative technologies.
“The main factors of success in Ukraine were the solid work of the Corteva team, which resumed its activities on March 7 after the full-scale invasion of Russia, and the direct work with Ukrainian agricultural producers, in particular through direct sales of Pioneer brand products, which allowed the company to increase its market share in the seeds segment. This was also due to early sales in the season, which began in September 2021,” – stated in a press release of the agricultural company.
According to it, Ukrainian agricultural producers in the unprecedentedly difficult conditions of the war with Russia need help from major international companies, which is extremely important and should be focused precisely on protecting the interests of Ukraine.
“Adhering to the highest value of safety of human life, Corteva withdrew from the russian and belarusian markets, despite the significant financial losses associated with this decision. We were unable to continue operations in the aggressor country and reorganized the commercial division in Eastern Europe, which is now centered in Ukraine,” Corteva’s Eastern Europe head Sergey Kharin said during an online meeting.
Corteva also specified that since the beginning of the year it has invested $390 thousand in the construction of a mobile corn receiving line and an underground LPG terminal at its seed plant in Stasi, Poltava region, which allows for stable production. To save energy, the company introduced a flexible work schedule with reduced energy consumption during peak hours, shifting some of the work shifts to nighttime, and using industrial diesel generators.
“Although there has been some reduction in corn acreage on our partners’ fields due to military operations, we have been able to achieve a 15% increase in yields of Pioneer seed hybrids through the implementation of precision farming technology on the fields and additional investments. We expect that by the end of the year export of seeds produced at our plant to the EU countries will increase up to 16 times comparing to the last year,” – said the Director of Corteva Agriscience production complex in Ukraine Oleksiy Turchynov.
Besides, since the beginning of the Russian aggression, the company has been actively helping Ukrainian charitable foundations, public organizations and hospitals. During the war Corteva has financed local initiatives to the tune of over 50 million hryvnias.
Corteva Agriscience is a global agricultural company. It offers agricultural producers comprehensive solutions to maximize crop yields and profitability. It has over 150 research facilities and more than 65 active substances in its portfolio.
Its representative office in Ukraine includes a central office in Kiev, a research center in Lyubartsy village (Kiev region) and a seed production complex opened in 2013 in Stasi village (Poltava region). Investments in the plant over five years amounted to more than $56 mln.
In April 2022, the company decided to leave the Russian market due to full-scale armed aggression.
The international research company Corteva Agriscience has established export supply chains for corn seeds from Ukraine to the EU, and in the context of the Russian military invasion plans to increase its exports to European countries by 16 times by the end of the year compared to last year.
According to a press release from the company, as of early August, it has already shipped 3,000 tonnes of corn seeds grown at its seed complex in Poltava region to the European Union.
The company clarified that, for security reasons, it suspended the operation of the seed plant immediately after the start of the Russian invasion of Ukraine, but at the initiative of the employees themselves, after some time, resumed the operation of the enterprise. The launch of its work made it possible to provide Ukrainian farmers with seed material that is critical for the sowing campaign.
Corteva, in the context of Russian aggression, also for security reasons, refused to supply seeds of Ukrainian production by land to the countries of the Caucasus and Central Asia, but expanded logistics to the EU as much as possible.
“On the production lines of the Corteva plant in Ukraine, high standards of seed production have been introduced, which allow us to produce goods that meet all the quality criteria adopted in the EU. Seeds are controlled by many indicators at all stages of production – from field to bag, and meet the maximum requirements of both Ukrainian, and foreign farmers choosing Corteva genetics,” the company said.
Earlier, in April, the company decided to leave the Russian market due to the military aggression of the Russian Federation against Ukraine.
Corteva Agriscience is a global agricultural company. It offers farmers comprehensive solutions to maximize yields and profitability. It has more than 150 research facilities and more than 65 active ingredients in the portfolio.
The international research company Corteva Agriscience will open ten training sites in Ukraine this year to train Ukrainian farmers in sunflower and corn cultivation technologies, according to its press release on Thursday.
At the same time, it is specified that Corteva experts will conduct agronomic training at professional experimental plots, demonstrating to agricultural producers the reactions of crops to various agrotechnical factors. The service is available to the company’s customers who can apply to the commercial team for training.
Earlier, in April, due to Russian military aggression against Ukraine, Corteva decided to leave the Russian market.
Corteva Agriscience is a global agricultural company. It offers farmers comprehensive solutions to maximize yields and profitability. It has more than 150 research facilities and more than 65 active ingredients in the portfolio.
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.
The international agricultural research company Corteva Agriscience has implemented a pilot project in Ukraine to pollinate parental lines of sunflower seeds using bumblebees on 29 hectares in Kyiv region, the company said in a press release on Tuesday.
“Pollination of the field with the help of bumblebees, compared to fields that were not additionally pollinated, contributed to an increase in yield by 70%. Compared to fields that were pollinated by bees, the yield of seeds ready for sale increases by 30%,” Field Operation Manager Andriy Kuzmenko said.
The company added that the use of bumblebees ensures the genetic purity of the seeds, since they work within a radius of 1 km, and bees of 3-4 km.
Corteva Agriscience is considering continuation of the project to treat 10-15% of fields where there is a high risk of cross-pollination, the press release said.
It is noted that the Dutch Koppert became the supplier of bumblebees to the fields of Corteva Agriscience, and supplied 150 hives with bumblebees to the company in 2020.
Corteva Agriscience was formerly the agricultural division of DowDuPont and became an independent, publicly traded company on June 1, 2019. The company provides growers around the world with the most complete portfolio in the industry, including a balanced and varied selection of seeds, crop protection products and digital solutions to maximize productivity and profitability.
The production seed complex of the international agricultural company Corteva Agriscience, which is located in the village of Stasi (Poltava region), has carried out the first export of seeds directly to Agrodairy, one of the largest agricultural companies in Azerbaijan.
According to a company press release, exporting finished products directly to a foreign producer is the first experience and, in the future, a new direction for the seed complex in Ukraine, which since its founding in 2013 has been focused on meeting the local needs of Ukrainian producers and the internal needs of the company.
“Until that time, seeds were exported internally to Corteva Agriscience European production sites, mainly to Romania and Italy, for further processing, packaging and sales by local teams,” the company explained.
Corteva plans to expand exports from Ukraine to other countries. In the future, the company also plans to export seeds to Kazakhstan, Uzbekistan and Kyrgyzstan, and after introducing Ukraine in the list of countries from which it is allowed to import seeds to the European Union, to supply seeds to Europe.
Corteva Agriscience is a global agricultural company that offers farmers comprehensive solutions to maximize yields. The company has more than 150 research facilities and more than 65 active substances in the portfolio.
Corteva Agriscience in 2019 completed the separation from DowDuPont. Corteva Agriscience has been listed on the New York Stock Exchange since June 2019 under the symbol CTVA.
