By KYIV. Nov 7 (Interfax-Ukraine) – The farms of the agricultural holding KSG Agro have completed the sunflower harvesting campaign on an area of 7,360 hectares with a yield of 24 centners/ha, the press service of the agricultural holding reported.
“For us, the results of the harvesting campaign are positive – weather conditions with sufficient precipitation helped. We predicted the final yield in the range of 23-25 c/ha, but in fact received 24 c/ha. The current harvest campaign was delayed because we partially used seeds with late period. Separately, it is worth noting the results of the Apostolovske department, for the first time since its work as part of the holding, it achieved high sunflower yield results at the level of 24.5 c/ha,” noted the head of the company’s crop production division, Dmytro Yemelchenko.
According to his information, in parallel with the sunflower harvesting campaign, the holding’s farms sowed winter wheat on an area of 2,000 hectares and rapeseed on an area of 1,500 hectares.
“A feature of the current sowing of winter crops is that, as a result of weather conditions, we sowed almost dry. Nevertheless, the seedlings obtained at the end of October are in satisfactory-good condition,” he noted.
The vertically integrated holding KSG Agro is engaged in pig breeding, as well as the production, storage, processing and sale of grains and oilseeds. Its land bank is about 21,000 hectares in Dnipropetrovsk and Kherson regions.
According to the agricultural holding, it is among the top five pork producers in Ukraine.
Due to the full-scale war launched by the Russian Federation, KSG Agro ended last year with a net loss of $1.68 million compared to $17.71 million of net profit in 2021, its EBITDA decreased by 5.5 times – to $1.79 million, and revenue – by 47.3%, to $16.2 million.
In the first quarter of 2023, the agricultural holding received $1.53 million in net profit, which is 17% less than in the same period last year. Its EBITDA grew by 23% to $1.87 million, and revenue by 45% to $5.12 million.
