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Completes 2009/2010 sowing campaign

On June 1, 2010 Agroton Public Limited completed 2009/2010 sowing campaign.

The table below sets out the Group’s sowing area by crops in 2008/2009 and 2009/2010 marketing years:


Crop

Planted area, hectares

 

2010/2009

2009/2008

Sunflower....................................................................................................

54,857

47,619

Winter wheat...............................................................................................

43,397

50,228

Corn..........................................................................................................

11,346

6,106

Winter rapeseed............................................................................................

6,995

1,126

Winter barley...............................................................................................

2,137

835

Sorghum.....................................................................................................

1,763

-

Winter rye...................................................................................................

626

1,358

Oats..........................................................................................................

149

100

Livestock crops (corn).....................................................................................

3,791

12,302

Fallow........................................................................................................

9,014

14,225

Total...........................................................................................................................................

134,075

134,075

 

The table below sets out average Ukrainian market prices for sunflower and wheat in 2009 and 2010:

Crop

Average price per tonne, UAH

 

2010*

2009

 

Sunflower

Wheat

Sunflower

Wheat

Spot high.................................................................

3,200

1,340

3,100

1,418

Spot low ..................................................................

2,850

1,280

1,300

750

Spot monthly average .................................................

3,025

1,310

2,200

1,050


* From 01/01/2010 to 28/05/2010. Source: APK Inform

Crop production, or land cultivation, is the core business of the Group. The Group currently leases approximately 134,000 hectares of chernozem (black soil) farmland for its crop production, is in the process of registering 16,000 hectares in Luhansk region and is in the process of acquiring an additional 10,000 hectares in Luhansk region and 6,000 hectares in neighboring Kharkiv region. Crops sales accounted for approximately 56.6% of Agroton’s revenue in 2009.

For further information:

Agroton Public Limited

Bloomberg Ticker: A2TA

www.agroton.com.ua

 

 

Andrii Anpilov

Tel:+38 (0642) 34 71 05

Chief Financial Officer

Email:anpilov@agroton.lg.ua

Note to Editors

Agroton Public Limited is the largest diversified vertically integrated agricultural producer in eastern Ukraine. Founded in 1992, the Company harvests 134,000 hectares of black soil farmland in the Luhansk and Kharkiv regions and operates 235,000 tonnes of elevator storage facilities. Agroton Public Limited conducts its operations in three segments: crop farming, livestock, and food processing and food production. The Company is the No.1 sunflower producer and No.4 wheat producer in Ukraine.