KSG Agro raised a credit line from TASKOMBANK in the amount of UAH 60 million (equivalent of USD 2 mln)
The Board of KSG Agro S.A. headquartered in Luxembourg (“the Issuer”) hereby informs that 2022 sowing campaign for the sunflower and corn is about to be launched, all of the key materials (diesel, fertilizers, crop protection materials) are in place for 100% of the campaign. Taskombank had supplied another UAH 60 mln (equivalent of USD 2 mln) to support the Group
For the winter crops, planted in the autumn of 2021, all the required fertilizers had been applied, as well as crop protection materials, the plants are in a very good shape. Circa 8,500 hectares of sunflower and corn shall be sown using the full spectrum of technologies usually applied by the Group. The trigger for launch of the sowing campaign shall be the proper temperature required for those types of crops.
The Issuer is optimistically looking into the future: military actions have moved further away, with the Ukrainian military heroically fighting the aggression. Meanwhile, prices for all major crops continue to increase.