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Annual Report 2019

Rusagro has announced the end of the harvesting campaign

17.12.20

Rusagro has completed the harvesting campaign in Belgorod, Tambov, Kursk, Orel, Voronezh Regions and in Primorsky Krai. Total cultivated land decreased by 7% to 519 thousand ha, gross yield dropped by 17% to 4 427 thousand tonnes. This year-on-year decline in land area is explained by excluding Saratov Region lands from Rusagro’s land under control. Key reason for gross yield decline is sugar beat yield per hectare decrease by 24%.

Gross yields of grains and oil crops in 2020 increased by 159 thousand tonnes (+12%) in comparison to 2019 and reached 1,542 thousand tonnes. Yield per hectare grew by 21%, which was partially compensated by the decline of cultivated land area by 35 thousand hectares (-7%) to up to 430 thousand ha.

Gross yields of grains increased to 1,192 thousand tonnes (+19%) as the result of higher cultivated land area (+12%) and average yield per hectare (+26%). Key positive effect was delivered by good wheat gross yield results – it augmented by 293 thousand tonnes (+41%) in comparison to 2019.

Gross yields of oil crops dropped to 349 thousand tonnes (-8%) due to an decrease of cultivated land area to 186 thousand hectares (-12%), which was partially compensated by yield per hectare growth by 7%.

Gross yield of sugar beet amounted to 2,859 thousand tonnes in 2020, which is 1,073 thousand tonnes less (-27%) than in 2019. Key explanation is yield per hectare decline by 24% due to unfavorable weather conditions – mostly moist deficit and seed wind-blowing. Meanwhile, sugar content (‘digestiya’) increased from 18 to 20% year-on-year.

Detailed results of the harvest campaign of 2020 are shown below:

2020

Crop

 

Area,

ths ha

Yields,

 t/ha

Gross yield,

ths t

Sugar beat

 

84

34.1

2,859

Wheat

196

5.1

1,004

Barley

18

4.4

80

Corn

29

3.7

108

Soybean

163

1.7

283

Sunflower seeds

23

2.8

67

Other*

5

4.8

26

Total

 

519

8,5

4,427

*Other crops include: peas, mustard seeds, lupine, buckwheat, fodder crops

 

Comparison of the results of harvest campaign of 2020 and 2019 is shown below:

Results of 2020 in comparison to 2019

 

Crop

Area,

 ths ha

Yields,

t/ha

Gross yield,      ths t

 

Sugar beat

-4%

-24%

-27%

 

Wheat

12%

26%

41%

 

Barley

-68%

32%

-57%

 

Corn

46%

-29%

3%

 

Soybean

-7%

4%

-3%

 

Sunflower seeds

-38%

22%

-24%

 

Other*

50%

-55%

-32%

 

Total

-7%

-11%

-17%

 

*Other crops include: peas, mustard seeds, lupine, buckwheat, fodder crops