RAD Farmers Report Spring Wheat Harvest Results

Barnaul, Russian Federation (PressExposure) October 07, 2009 -- PAVA land-owning subsidiary Russian Agricultural Division said spring wheat harvest was completed in Selkhozholding Ltd. (Romanovo district) and Agrofirma Niva Ltd. (Solton district). According to company agronomists, these farms, both located in the Altay Territory, have shown yields surpassing the initial target by 30%.

The flagship enterprise, operating in the same region, is Allac Ltd. This farm, marked by soils with excellent productivity potential, has shown the average yield of 24 hundredweight of wheat per ha. The company says, if the spell of fine weather is to stay, harvest in Allac will be finished in three days.

RAD farms of the Krasnoyarsk Territory reported that for the current spring wheat campaign less than 1/3 acreage remains to be harvested.

"Weather has slightly hindered the scheduled terms, but now the conditions look favourable. We rely on the well co-ordinated effort and efficiency of the machinery fleet in our positive forecasts", said A. Kalashnikov, RAD CEO.


PAVA is one of the major grain processors in Russia. The company represents a 3% share of the national flour market. According to 2007 results, it was given the status 'Leading Exporter of the Industry' by Russian Ministry of Economic Development. Recently PAVA has developed a new strategy - creation of a vertically integrated agroindustrial holding. It is based on implementation of 2 projects: RAD (agricultural business operations) and Grainvest (deep grain processing), consolidated under GlobalAgro structure.

Press Release Source: http://PressExposure.com/PR/PAVA_OJSC.html

Press Release Submitted On: October 07, 2009 at 1:54 am
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