Grain and oilseeds harvest of Industrial Milk Company (IMC) in 2016 grew by 12% YoY, to 717,000 tons.
The holding said in a press release that milk production in 2016 fell by 22%, to 15,000 tons. The decrease in milk production volumes was associated with the implementation of the project on optimization of the cattle herd. As a result of the project, the average milk yield in the IMC increased by 2% YoY, to 5.6 tons per forage cow.
Potato harvest last year rose by 31%, to 21,000 tons.
Sales in the crop-planting segment totaled 691,000 tons (down by 9%), including around 502,000 tons of corn (down by 17%). The decline in sales in the crop-farming segment was due to lower carry-over stocks of corn at the beginning of 2016. 80% of sales in the crop-farming segment (about 556,000 tons) was exported.
According to the report, improvement of cultivation technology, along with favorable weather conditions have led to significant yields growth of almost all crops: corn gross yield grew by 24%, to 8.1 ton per ha, soybeans – by 31%, to 3.4 tons per ha, potatoes – by 38%, to 40.4 tons per ha, and for wheat it fell by 5%, to 4.8 tons per ha.
IMC focuses on cultivation of grains, oilseeds and potatoes. It is one of the largest milk producers in Ukraine. It owns a storage capacity of 554,000 tons of grains and oilseeds. Its land bank is 136,600 ha in Poltava, Chernihiv and Sumy regions. (Interfax/Business World Magazine)