Don Agro reports 23.2% growth in wheat harvest to record high
DON Agro has achieved an all-time high of 89,107 tonnes for its 2022 winter wheat harvest - up by 16,807 tonnes or 23.2 per cent from the previous year and 37.3 per cent higher than that of 2020.
The bulk of the 2022 harvest (75,321 tonnes) was produced in the Rostov region followed by the Volgograd region at 13,786 tonnes, announced the Russia-based agriculture company in its press statement on Thursday (Sep 8).
The winter wheat yield produced in the Rostov region was 3.75 tonnes. Citing public reports by the local district authority, Don Agro said this was 0.4 tonne more than the average rate achieved by other agricultural companies in the same area.
The group highlighted that it also increased its planted acreage of winter wheat by 4.7 per cent to 25,157 hectares (ha) from 24,032 ha in 2021.
Some 180 vehicles, including 58 grain harvesters, were deployed for this year’s harvest.
Don Agro’s chief executive Marat Devlet-Kildeyev partially attributes 2022’s record-high harvest volumes to the group’s investment in high-quality fertilisers and the purchase of 6 new harvesters, which reduced spoilage.
“We intend to continue upgrading our equipment in our efforts to raise our production level by the year,” he added.
Shares of Don Agro were unchanged at S$0.235 as at 9.35 am on Thursday, after the announcement was made.
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