Prices of agricultural commodities expected to rise at year-end 2008
- Over 50,000 tonnes of grain and rape harvested
- 70 percent of the harvest sold at high prices at the beginning of the
year
Hamburg, 20 August 2008 - KTG Agrar AG [ISIN: DE000A0DN1J4] has harvested
roughly 12,500 hectares of its total of approx. 21,500 hectares. In the
past weeks, the company brought in over 50,000 tonnes of grain and rape in
eastern Germany and Lithuania. ‘We are very satisfied with the harvest. We
sold some 70 percent at the beginning of the year, i.e. at much higher
prices than current prices, and can now begin to deliver,’ said Siegfried
Hofreiter, CEO of KTG Agrar. Starting mid-September, organic and
conventional maize and millet will be harvested on the remaining hectares,
thereby concluding the 2008 harvest campaign. read more
source :KTG Agrar AG
Wednesday, August 20, 2008
DGAP-News: KTG Agrar brings in good grain harvest
Labels: Bio energy, Business, finance
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