The Continental Farmers Group has announced the start of construction of a new potato storage facility in the village of Chukva in the Sambir district of the Lviv region. The modern storage facility is designed to store 16,000 tons of tubers, grown by Continental in the neighbouring fields of the Sambir cluster.
Last season, up to half a million tons of potatoes were imported to Ukraine mainly from Russia. Also, in the 2020/21 season, potato imports continue to remain high as well as their prices.
In 2020, Continental Farmers Group grew potatoes on an area of 1,600 hectares and, in 2021, it plans to harvest from an area of 2,000 hectares. Thus, the company will increase its area by 400 hectares and will be able to collect as many additional potatoes as the new storage will hold (i.e., from 15,000 to 18,000 tons). Provided that the average price for potatoes in Ukraine does not decrease, Continental will be able to earn about $4 million from the sale of these potatoes.
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