Don Agro International achieves 8.9 thousand tonnes growth in crops harvested, driven by land bank acquisitions and implementation of innovative technologies
Don Agro International Limited (the "Company" or "Don Agro") and
its subsidiaries (collectively the "Group"), one of the largest
agricultural companies based in the Rostov region of Russia is
pleased to announce that it has achieved a 8.9 thousand tonne
growth in total crops harvested, with 72.3 thousand tonnes of
winter wheat and 19.0 thousand tonnes of sunflower harvested till
A key driving force which has enabled Don Agro to sustain this
growth has been the expansion of the Group's totalled controlled
land bank via new strategic acquisitions.
Following its initial public offering in February 2020, the Group
made its maiden post-listing acquisition at the end of 2020 of
Volgo-Agro LLC, an agricultural company based in the Volgograd
region of Russia operating a controlled land bank of approximately
10,040 hectares. Subsequently in July 2021, the Group acquired a
neighbouring agribusiness, Rav Agro Rost LLC ("Rav Agro Rost"),
located in the Millerovo District, Rostov Region of Russia. With an
arable land bank of approximately 3,200 hectares, Rav Agro Rost
alone contributed up to 3.1 thousand tonnes of winter wheat and
1.54 thousand tonnes of sunflower.
"While we are pleased with the robust harvest results achieved this
year, we continue to look ahead to new horizons to capture growth.
For us, the acquisition of new land banks is a strategic task, and
is one that we have committed to our investors since listing in
early 2020. At the moment, we operate a controlled land bank of
approximately 67.3 thousand hectares, of which 17.2 thousand
hectares are owned by the company, and we do not plan to stop
there. Moving forward, we will continue to explore new acquisition
prospects actively to raise our production capacity progressively,
with the objective of achieving long-term sustainable growth,"
commented Mr. Marat Devlet-Kildeyev, Chief Executive Officer of Don
Mr. Devlet-Kildeyev also added that the Group is applying a variety
of innovative technologies to raise crops yields and productivity
for Don Agro.
Since 2020, the Group has been working closely with Russian-based
autonomous driving software developer Cognitive Pilot to implement
the Cognitive Agro Pilot(TM), an AI-powered autonomous driving
system for agricultural machinery. Deployed on the Group's crop
harvesters, the Cognitive Agro Pilot(TM) system guides the
harvester headers along the edge of unharvested crops with
precision, maximising the width of the headers while optimising
harvester movements. This reduces fuel consumption to make the
harvesting process more environmentally-friendly. The technology
also allows harvester operators to focus solely on managing
machinery parameters, making work less tedious and safer in
The Group also employs no-till farming technologies for up to 7.5
thousand hectares of its arable land bank at present. Compared to
conventional farming methods which can erode soil quality and
require more manual labour and fuel, no-till farming reduces the
impact farming has on the soil, providing an eco-friendly and
sustainable alternative which has the potential to enhance crop
yields as well.
More recently in September 2021, the Group announced its joint
pilot project with Smart Polymorph Technologies to introduce the
latest pharmaceutical innovations aimed at optimising crop
production for the agricultural sector. As part of the pilot
project, the Group earmarked experimental plots as a test bed for
the application of a new growth bio-simulator which is expected to
raise the Group's crop yields and minimise production costs once it
is ready to be deployed at scale.
About Don Agro International Limited
Don Agro is one of the largest agricultural companies in the Rostov
region in Russia principally engaged in the cultivation of
agricultural crops and production of raw milk. The Group is also
engaged in crop production in the Volgograd region in Russia. The
Group has a total controlled land bank of 67,340 hectares, of which
more than 54,420 hectares are arable land. The Group owns
approximately 17,200 hectares of its controlled land bank.
The Group's operations are principally located in the Rostov
region, one of the most fertile regions of Russia, situated close
to the Azov and Black Seas and the Don River which house major
international ports. The Group's second operating division in the
Volgograd region is located in close proximity to key trading
routes including the Volga River. This allows the Group's
customers, who are mainly traders and exporters, to save on
transportation costs and, as a result, be able to offer higher
prices for the Group's crops. Within the crop production segment,
the Group is primarily engaged in the farming of commercial crops
such as winter wheat, sunflower and corn.
In addition, the Group is the largest milk producer in the Rostov
region and owns more than 4,000 heads of dairy cattle which
includes approximately 2,200 milking cows.
Issued for and on behalf Don Agro by Financial PR
For more information please contact:
Romil Singh, Jonathan Wee
Tel: +65 6438 2990, Fax: +65 6438 0064
Don Agro International Limited (the "Company") was listed on
Catalist of the Singapore Exchange Securities Trading Limited (the
"Exchange") on 14 February 2020. The initial public offering of the
Company was sponsored by PrimePartners Corporate Finance Pte. Ltd.
This press release has been reviewed by the Company's Sponsor. It
has not been examined or approved by the Exchange and the Exchange
assumes no responsibility for the contents of this document,
including the correctness of any of the statements or opinions made
or reports contained in this document.
The contact person for the Sponsor is Mr Joseph Au, 16 Collyer
Quay, #10-00 Income at Raffles, Singapore 049318,
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