Russia: Black Earth Farming reports of fire outbreak at potato storage site

Black Earth Farming reports that a fire broke out at one of its potato storage sites on the morning of October 27, 2014. No personnel were injured in the incident.

The Company estimates that about 12,000 tons of fully owned storage capacity may have been destroyed in the fire. The fire may also have destroyed up to 12,000 tons of potato in storage. The Company is taking action to salvage and find alternative storage and sales for its production. The economic loss of storage and potato inventory is at this stage uncertain but could be up to US$7 million.

For more information:
Avto Makharoblishvili
Black Earth Farming Ltd.
Tel: +7 (8) 916 598 16 19

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