Don Agro International is beginning its first harvesting campaign in 2022.
The harvesting will take around two to three weeks, depending on the weather.
During this season, the group had increased the acreage for winter wheat by 4.7% to 25,157 hectares from 24,032 hectares previously.
The acreage for sunflowers has increased by 7.9% from 10,168 hectares to 10,970 hectares.
In its statement, the group adds that the price of winter wheat hit a 14-year high in 2022 on the back of Russia’s invasion of Ukraine.
Looking ahead, Don Agro’s agronomists agree that the weather conditions for winter wheat are favourable in 2022 thanks to the moisture reserves in the soil that provide ideal conditions for crops’ growth and harvest.
See also: Temasek teams with Norinchukin on US$173 mil green agri fund
The group’s chief agronomist Ivan Kalaytanov says, “For last year’s harvest, the winter wheat sown in the second half of 2020 sprouted later in winter due to lesser rain and the crops had less abundant flowering. Even then, we had an all-time high harvest.”
“This year, we had some concerns earlier over the impact of spring frost on the winter wheat that were sown in the second half of 2021. However the plants have proven to be resilient and overcame the cold. We are pleased with the growing conditions and expect the harvest in 2022 to be fruitful as well,” he adds.
In 2021, Don Agro harvested 72,300 tonnes of winter wheat which was an improvement of 11.3% y-o-y.
The group’s sunflower harvest increased by 7.2% y-o-y to 18,949 tonnes in 2021.
In May, Don Agro announced that it is expecting to see a new all-time high harvest in 2022 with a larger acreage and the trend in growing yields.
As a result of the higher crop yield and rising wheat prices, it added that it expects to perform well in the FY2022 ending Dec 31.
Shares in Don Agro closed flat at 25.5 cents on July 18.
