MHP Completed Spring Sowing Campaign
OREANDA-NEWS. May 26, 2011. MHP S.A. (“MHP” or the “Company”, LSE ticker: “MHPC”), one of the leading agro-industrial companies in Ukraine focusing on the production of poultry and the cultivation of grain, announces the successful completion of its spring sowing campaign.
During 2010, the Company significantly increased its land bank. The total land bank as on December 31, 2010 is
Today the Company completed its spring sowing campaign of more than
During the winter sowing campaign, the Company planted mainly wheat and rape, on more than
Commenting on the campaign, Yuriy Kosiuk, Chief Executive Officer of MHP, said:
"The successful sowing campaign that we have announced today will help us realise the value of our vastly increased land bank to meet growing internal demand for corn and sunflower as well as increasing our external sales of crops. I am also confident that both the winter and spring crop harvest will produce strong yields given the excellent condition of the areas under cultivation and favourable weather conditions. Taking into account current market conditions, we expect the Company's financial results in the Grain Growing segment to be impressive and strong."
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