Winter crops harvest report

Agrokultura AB (”the Company”), has almost completed the harvest of the winter planted crops for 2013. The yields are up across the board compared to last year, with in particular notable improvements in the winter rape in Ukraine and the winter wheat in central Russia. The total winter crops harvest encompasses 59,300 hectares which equals about 46 percent of the total planted area for harvest in 2013.

The detailed data for the harvest of the winter planted crops can be found in the table below. The highlights are:

  • Significant improvements in yields overall, as a consequence of favourable weather across the areas of operation as well as improvements in execution.
  • Ukraine winter rape yield increased with over thirty per cent compared to 2012. This is to a large extent due to improvements in planting following last year’s acquisition in Ukraine.
  • Winter wheat yield per hectare in Russia Central Black Soil region increased by close to fifty percent due to mostly favourable growing conditions as well as investments and advances in production technology.
  • The quality of the harvested crops is on normal levels, but rains in Russia CBS in early August halted the harvest for ten days and will have some effect on the protein content of the grains in that region.

Harvest results winter planted crops 2013

Harvested area, ha Gross harvest, tonnes 2013 Gross yield (t/ha) 2013 Net yield* (t/ha) 2012 Gross yield (t/ha) 2012 Net yield (t/ha) Year-on-
year change
Ukraine
Winter wheat 14,200 54,500 3.8 3.7 3.9 3.7 0%
Winter rape 13,400 51,600 3.0 2.9 2.4 2.2 32%
Winter barley 4,200 16,100 3.8 3.7 3.5 3.3 12%
Russia CBS
Winter wheat 24,200 93,000 3.8 3.7 2.7 2.5 48%
Kaliningrad
Winter wheat 1,900 9,200 4.9 4.4 4.2 3.7 19%
Winter rape 1,400 3,000 2.1 1.9 2.0 1.8 6%
Group total for winter crops 59,300 227,400 3.8 n/a n/a n/a n/a

*The net yield figure is an estimate of the actual sellable weight after cleaning and drying.

Additional comments on the harvest and winter planting will be published in the Company’s half year report on 30 August. The full harvest and winter planting reports will be published when the harvest is completed, likely in the beginning of November.

For more information, please contact

Ulf Scholander, Managing Director, +380 (67) 370 42 51

Stephen Pickup, Group CFO, +44 782 529 4352

About Agrokultura  AB (publ)

Agrokultura invests in farmland and produces agricultural commodities in Russia and Ukraine. The Group aims to generate an attractive return on invested capital by optimally utilizing its agricultural land bank through crop production, livestock and related operations. Shares in Agrokultura are listed in Sweden on the Nasdaq OMX First North exchange under the ticker AGRA and the Group’s Certified Adviser is Remium Nordic AB.

About Us

Alpcot Agro is a Swedish limited liability company and was incorporated in 2006. The company's prime objective is to generate an attractive total return on invested capital by acquiring and farming agricultural land in Russia and potentially in other CIS member states.

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