Print   



20 July 2009

LANDKOM INTERNATIONAL PLC

Main harvest started

Landkom International PLC (AIM: LKI, 'Landkom' or the 'Company'), the Ukrainian producer of high-value oil seed rape and wheat, has started the harvest of its principal crop, Oil Seed Rape (OSR). Harvesting is expected to take around four weeks, depending on local weather conditions.

The wheat harvest is expected to start imminently and will run through to the beginning of September, depending on weather. During the harvest period the Company will also commence its winter planting programme.

Separately Landkom has completed the harvesting, in the western regions, of one of its minor crops, barley, which is planted for crop rotational purposes.  Landkom planted in 2008, approximately 600 hectares (ha) of barley on a low input model compared to its wheat crop.  Landkom achieved an average dry yield of 3.6 tonnes per ha of barley with some fields yielding over five tonnes per ha.  

Landkom intends to publish the results for each major crop on completion of each harvest phase.

Richard Spinks, Chief Executive Officer commented:

'Our yields compare well against Ukrainian historic average yields of 2.8 tonnes per ha. We are now fully focussed on harvesting the 30,000 ha of OSR and wheat.' 

For further information:

Landkom International Plc (www.landkominternational.com)
Richard Spinks, Chief Executive Officer Stephen Pickup, Chief Financial Officer	+38 (0) 673 410 140 +44 (0) 20 3170 5681
Liberum Capital
Simon Atkinson	+44 (0)20 3100 2000
College Hill
Simon Whitehead/Adrian Duffield	+44 (0)20 7457 2020

Note to Editors

Landkom International PLC is a large scale producer of agricultural feedstock, principally oil seed rape and wheat, for supply to the European biodiesel and food industries. Operating in Western Ukraine in the prime, fertile lands close to the border with Poland, and the Crimea, Landkom has planted 30,950 hectares (ha); 16,750 ha of Oil Seed Rape (OSR) and 14,200 ha of Winter Wheat for harvest in 2009.

Landkom is implementing Western-style agronomy practices using modern agricultural equipment to carry out efficient, large-scale farming techniques that will result in greater return from the land. 

ENDMSCFGGMNVNZGLZM