Winter Planting Update 2011
Alpcot Agro AB (“the Company”) has completed the winter planting campaign in all regions for a total area of 47,500 hectares of crops for sale, whereof about 88 percent winter wheat. The target for the spring planting campaign is 55,300 hectares, giving a total cropped area target in 2012 of 102,800 hectares as per the present plan.
Winter planting
During the fall of 2011, the Company has planted about 42,000 hectares of winter wheat, whereof 33,000 hectares in the Russian inland, 6,000 hectares in Ukraine and 3,000 hectares in Kaliningrad. The Company has also planted in total 5,500 hectares of winter rape, whereof 3,400 hectares in Ukraine and 2,100 hectares in Kaliningrad.
Spring planting plan update for 2012
In spring 2012, the Company is planning to plant approximately 55,300 hectares of crops for sale, aiming for a total cropped area in 2012 of 102,800 hectares. The main spring crops are 15,100 hectares of sunflower, 10,000 hectares of soy, 9,900 hectares of barley, 8,800 hectares of corn, 4,000 hectares of spring rape, 1,200 hectares of sugar beet and 6,300 hectares of other crops.
Final harvest report 2011
To date, the Company has harvested almost 90 percent of the total cropped area. The harvest is still ongoing for some crops, primarily sunflower and corn. The harvest conditions are fine, the yields are better than expected and none of the crops are presently at risk from weather conditions. The Company expects to be able to publish the final harvest and yield results for 2011 by mid-to-end of November.
Jens Peter Aabyen, Managing Director, comments
“I am satisfied to report that we have successfully completed the winter planting campaign despite difficult conditions and heavy rains in some regions. The planned cropped area of almost 103 000 hectares in 2012 equals an increase by about 11 percent compared to 2011. ”
Stockholm 1 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.