Winter crop audit - crops emerge with minimal damage
Landkom International PLC
Winter crop audit – crops emerge with minimal damage
Landkom International PLC (AIM: LKI, "Landkom" or “the Group”"), the Ukrainian producer of agricultural commodities, has announced the results of its winter crop audit, carried out by its independent agronomy adviser. These show that losses over the winter have been well within acceptable limits, with minimal damage to crops.
89 per cent of the rapeseed was estimated to be in either good or excellent condition with 9 per cent in average condition and 2 per cent lost. This compares to approximately 28 per cent of Ukraine’s rapeseed lost over the winter, according to the Ukrainian Ministry of Agriculture estimates.
98 per cent of the Group’s winter wheat crop was estimated to be in good or excellent condition with the remainder deemed in average condition and no crop lost, compared to losses of approximately 10 per cent across the whole country.
In the autumn of 2009 the Group planted 21,383 hectares made up of Rapeseed and Winter Wheat.
Vitaliy Skotsyk, Landkom Chief Executive, commented:
"Despite the drought during the autumn of 2009, combined with the particularly hard winter with temperatures dropping to minus 40 degrees Celsius, our crop has come out of the winter in good condition with minimal losses. Given the high levels of rapeseed losses across Ukraine which is one of the largest producers in the world, we would expect to see potential upside in pricing over the coming weeks and months."
Enquiries
14 April 2010
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Landkom on course to achieve profits
Interim Results
Notice of Interim results - 20 July 2010
Landkom International PLC (AIM: LKI), the Ukrainian producer of agricultural commodities, will be publishing its Interim results for the six months to 30 April 2010 on Tuesday, 20 July 2010
29 June 2010 Read more...
35,000 tonnes of rapeseed sold forward at approximately $318 per tonne
Completion of Spring Planting
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