Business news from Ukraine

Agrotrade has completed sowing winter wheat on 15.8 thou hectares

Agrotrade has completed sowing of winter wheat on 15.8 thou hectares in Sumy, Chernihiv, Kharkiv and Poltava regions, which is 4.5 times more than last year, the company’s press service reports.

According to the report, a quarter of the agroholding’s land bank is planted with winter wheat, which is due to the need to comply with crop rotation.

“This season, we completed winter crops sowing very quickly. We prepared for the work thoroughly – we planned the supply and application of fertilizers in advance and made sure that the required amount of seeds was available in our warehouses. So, apart from the war factor, there were no difficulties. We sowed early, and after the recent rains, we already have the first seedlings, which are in good condition,” said Oleksandr Ovsyanyk, Director of Agrotrade’s Agricultural Department.

As reported, the agroholding fulfilled the overall plan for harvesting winter wheat in the 2023 harvest by 110%.

The Agrotrade Group is a vertically integrated holding company with a full agro-industrial cycle (production, processing, storage and trade of agricultural products). It cultivates over 70 thousand hectares of land in Chernihiv, Sumy, Poltava and Kharkiv regions. Its main crops are sunflower, corn, winter wheat, soybeans and rapeseed. It has its own network of elevators with a simultaneous storage capacity of 570 thousand tons.

The group also produces hybrid seeds of corn and sunflower, barley, and winter wheat. In 2014, a seed plant with a capacity of 20 thousand tons of seeds per year was built on the basis of Kolos seed farm (Kharkiv region). In 2018, Agrotrade launched its own brand Agroseeds on the market.

Vsevolod Kozhemiako is the founder and CEO of Agrotrade.

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“IMK” has received record winter wheat yield for 25 years

IMK Agro Holding has received a record average winter wheat yield of 7.1 tons/ha, which is the highest result for 25 years of the firm’s activity, IMK CEO Alex Lissitsa said.

“This year winter wheat in IMK was harvested from an area of 33.3 thousand hectares, 236 thousand tons of grain was threshed, the average yield was a record 7.1 tons/ha in the history of the company,” he wrote on Facebook.

He added that the threshing of wheat was completed on August 24, and thanked the team for the high performance.

“IMK” specializes in the cultivation of cereals, oilseeds and milk production in Ukraine. It cultivates about 123.3 thousand hectares of land in Poltava, Chernihiv and Sumy regions. It owns storage facilities for 554 thousand tons of grain and oilseeds.

In January-March 2023, IMK Agroholding posted a net loss of $4.10 mln, which is 2.6 times less than in the same period last year and is largely due to increased logistics and distribution costs. The holding’s revenue increased by 11% to $41.96 mln, of which exports accounted for $35.03 mln. IMK’s gross profit increased 3.9 times to $8.60 mln thanks to a decrease in production costs. Due to a doubling of logistics and distribution costs (to $9.40 mln), the company recorded an operating loss of $2.85 mln, which is twice as much as in the first quarter of 2022.

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Kernel completed the harvesting campaign and harvested 364,000 tons of winter wheat

Agroindustrial holding “Kernel” has completed the harvesting campaign of early grains in 2022, having collected, according to the calculations of the Interfax-Ukraine agency, at least 364 thousand tons of winter wheat.
As reported on the holding’s Facebook page on Monday, the winter wheat crop was harvested from an area of ​​more than 70,000 hectares with a yield of 5.2 tons/ha.
At the same time, it is specified that the harvesting of early grains and rapeseed was completed before the end of August, despite adverse weather conditions.
“The sowing and harvesting campaigns were complicated by the military situation and weather conditions. Due to precipitation, grain harvesting continued for almost 40 days. Prolonged rains in some regions led to a deterioration in the quality indicators of the grown grain,” explained Igor Chikin, director of the Agribusiness segment, quoted by the press agricultural holding service.
According to him, the agro-industrial group experienced major organizational difficulties in the spring during the Russian large-scale invasion, when the holding was unable to grow winter crops according to the required technology. However, subsequently Kernel managed to optimize the technology and costs, carry out top dressing and protection of crops, thanks to which it was possible to get a good harvest.
The agricultural holding specified that the yield of winter rapeseed in the current season reached 3.4 tons/ha, varying between 2.8-3.7 tons/ha.
Before the war, Kernel ranked first in the world in the production of sunflower oil (about 7% of world production) and its export (about 12%), and was also the largest producer and seller of bottled sunflower oil in Ukraine. In addition, the company was engaged in the cultivation of other agricultural products and their sale.
The largest co-owner of Kernel through Namsen Ltd. is Ukrainian businessman Andrey Verevsky with a share of 39.3%.
The agricultural holding in fiscal year 2021 (FY, July 2020 – June 2021), increased its net profit by 4.3 times compared to FY 2020 – up to $513 million, its EBITDA increased 2.1 times – up to $929 million, revenue – by 38%, to $5.65 billion.

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UKRAINE STARTS TO THRESH WINTER WHEAT

Farmers in Mykolaiv, Kherson and Zaporizhia regions have started harvesting winter wheat and as of June 18 they had harvested the first 10,500 tonnes from 4,000 hectares. According to the press service of the Ministry of Agrarian Policy and Food of Ukraine, in addition to these regions, the harvesting campaign continues in Odesa and Dnipropetrovsk regions. “In general, 281,000 tonnes of grain have been harvested from 86,000 hectares with the yield being 32.6 centner per hectare, including 10,000 tonnes of winter wheat from 4,000 hectares with the yield being 26.2 centners per hectare, 268,000 tonnes of winter barley from 81,000 hectares with the yield being 33 centners per hectare, 2,000 tonnes of peas from 1,000 hectares with the yield standing at 22.7 centners per hectare,” the report said.
Zaporizhia, Odesa and Kherson regions have started harvesting winter rapeseeds, 6,000 tonnes of which has been threshed on 3,000 hectares with a yield of 17.4 centners per ha.