Late Crops Harvest Report 2011
Alpcot Agro AB (“the Company”) has almost completed the harvest of sunflower, sugar beet and soya, with an average yield for sunflower of 2.3 tons per hectare. To date the Company has harvested about 257,000 tons gross weight of different crops.
The average yield for sunflower of 2.3 tons per hectare is a historical record for the Company. In Voronezh and Tambov the Company has harvested nearly or over 3 tons per hectare. The higher yields are due to both favorable weather and the application of Clearfield technology.
This is the second year that the Company grows sugar beet and it has turned out very well with yields above 31 tons per ha, making sugar beet the Company’s fourth biggest crop in terms of volume.
To date the average yield for corn amount to about 8.9 tons per hectare, with about two thirds of the planted area still remaining to be harvested. So far the corn yields are exceeding expectations, in particular in Ukraine with yields in Lviv, Poltava and Rogatyn of around 9.5 tons per hectare. The final havest report for 2011 will be released when the corn harvest is completed.
Cropped area, weights and yields per 17 November 2011
| Crop | Russian inland, planted ha | Kaliningrad, planted ha | Ukraine, planted ha | Total area, ha | Gross weight, ton | Average yield, ton/ha |
| Winter wheat | 34,600 | 1,500 | 5,500 | 41,600 | 119,000 | 2.9 |
| Sunflower | 16,100 | 0 | 0 | 16,100 | 36,600 | 2.3 |
| Sugar beet | 900 | 0 | 0 | 900 | 28,000 | 31.2 |
| Corn (still ongoing) | 2,500 | 0 | 3,300 | 5,800 | 19,500 | 8.9 |
| Barley | 3,900 | 1,900 | 0 | 5,800 | 15,000 | 2.6 |
| Spring wheat | 4,000 | 1,700 | 0 | 5,700 | 9,500 | 1.8 |
| Spring rape | 2,900 | 2,700 | 0 | 5,600 | 8,000 | 1.4 |
| Soya | 1 ,700 | 0 | 2,500 | 4,200 | 6,800 | 1.7 |
| Buckwheat | 1,100 | 0 | 1,500 | 2,600 | 3,400 | 1.3 |
| Winter rape | 0 | 400 | 900 | 1,300 | 3,200 | 2.5 |
| Beans | 0 | 1,400 | 0 | 1,400 | 2,700 | 2.0 |
| Other | 1,100 | 200 | 0 | 1,300 | 5,300 | - |
| Total | 68,800 | 9,800 | 13,700 | 92,300 | 257,000 |
Jens Peter Aabyen, Managing Director, comments
“The Company has had very good yields from the late crops, especially sunflower and sugar beet. The harvest season has been longer than normally due to recurring rains both in the Central regions in Russia and in Kaliningrad. We expect to be able to complete the corn harvest by the end of November and so far the yields for this crop look to become the best in many years with an expected average around 6 tons per hectare in Russia and around 9 tons per hectare in Ukraine. ”
Stockholm 17 November 2011
For additional comments, please contact
Jens Peter Aabyen, Managing Director, tel +7 903 779 23 36
About Alpcot Agro AB (publ)
Alpcot Agro is a Swedish limited liability company incorporated in 2006. The Company's business idea is to generate an attractive return on invested capital by optimally utilizing the Company’s agricultural land bank through crop production, dairy farming and other similar operations in Russia and the other CIS states. The shares in Alpcot Agro are listed on First North under the ticker ALPA and the Company’s Certified Adviser is Remium. Additional information is available on www.alpcotagro.com.