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Don Agro International achieves 8.9 thousand tonnes growth in crops harvested, driven by land bank acquisitions and implementation of innovative technologies
submitted 6 days, 8 hours ago by acn_newswire

SINGAPORE, Nov 24, 2021 - (ACN Newswire) - Don Agro International Limited (the "Company" or "Don Agro") and its subsidiaries (collectively the "Group"), one of the largest agricultural companies based in the Rostov region of Russia is pleased to announce that it has achieved a 8.9 thousand tonne growth in total crops harvested, with 72.3 thousand tonnes of winter wheat and 19.0 thousand tonnes of sunflower harvested till date.

A key driving force which has enabled Don Agro to sustain this growth has been the expansion of the Group's totalled controlled land bank via new strategic acquisitions.

Following its initial public offering in February 2020, the Group made its maiden post-listing acquisition at the end of 2020 of Volgo-Agro LLC, an agricultural company based in the Volgograd region of Russia operating a controlled land bank of approximately 10,040 hectares. Subsequently in July 2021, the Group acquired a neighbouring agribusiness, Rav Agro Rost LLC ("Rav Agro Rost"), located in the Millerovo District, Rostov Region of Russia. With an arable land bank of approximately 3,200 hectares, Rav Agro Rost alone contributed up to 3.1 thousand tonnes of winter wheat and 1.54 thousand tonnes of sunflower.

Continue here: https://www.acnnewswire.com/press-release/english/71259/





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