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Last Updated: 29th August 2008 09.00 (GMT)
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Announcements
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28 August 2008
Landkom International PLC
Over 22,100 tonnes of OSR harvested
Landkom International PLC (AIM: LKI, “Landkom” or the “Company”), the Ukrainian producer of high-value oil seed rape (OSR) and wheat, has harvested over 22,100 tonnes of OSR from 6,200 hectares.
18,532 tonnes of this harvest was high quality OSR from 5,003 hectares. This represents an average yield of 3.704 tonnes per hectare. On 19 June 2008, Landkom agreed an off-take, pre-sale, of its first 9,000 tonnes of its OSR crop at a net price of $540 per tonne to one of the world’s largest commodities suppliers. This contract has been fulfilled and payment received. Landkom has also sold a further 4,200 tonnes. Landkom expects to sell the outstanding balance of approximately 5,300 tonnes shortly.
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23 June 2008
Landkom International PLC
Annual Report & Accounts for the year ended 31 December 2007
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Ukraine: Sown Area for 2007/08 Winter Wheat Likely to Increase by 15 Percent
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As of October 16, farmers in Ukraine had planted 6.63 million hectares of winter grains for 2007/08, against 5.2 million by the same date last year and approximately 7.2 million in 2003 and 2004. The figure includes 5.6 million hectares of wheat, 0.36 million rye, and 0.44 million barley. The fall sowing campaign is nearly complete; agricultural officials forecast total 2007/08 winter grain area at 7.06 million hectares, compared to final sown area of 6.06 million for 2006/07. |
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The Wheat Market
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Wheat prices have reached record highs recently experiencing, an 11 year high in August 2007. World wheat stocks are currently at a 50 year low with only around 30 days current supply. These stocks, even with good harvests, will take several years to rebuild and so all these factors are expected to combine to maintain a firm market for grain prices in the medium term.
The price of wheat has increased mainly as a result of crop losses during 2006 and 2007 after extreme weather conditions damaged cereal crops in Europe and Australia. Heavy rain during harvest has reduced yields in France and Germany, whereas high temperatures and persistent drought has reduced yields in Bulgaria, Hungary and Romania. In addition, in North America there is an ongoing switch from growing food crops in favour of feedstock such as maize, corn and soybean for the expanding biofuels industry… |
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Landkom International Plc
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Landkom International Plc (“Landkom”), which is incorporated in the Isle of Man, is fast becoming one of Europe’s largest producers of high value agricultural feed stocks including oil seed rape (“OSR”) and wheat for the biofuel and food markets. The company's production is centered in Western Ukraine where the land is amongst the most fertile in the world. In 2007 the company will have planted more then 10,000 hectares of land for harvest in 2008.
Demand for feedstock in markets in Europe and the rest of the world is likely to outstrip supply for sever….. Read More |
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