You're reading: Reuters: AgroGeneration seeks to expand grain storage in Ukraine by half

Farm operator AgroGeneration is planning a roughly 10 million euro ($12 million) project to expand its grain storage by 50 percent in Ukraine so it can ride out market volatility more easily after low prices dented profits last year.

The Paris-listed firm, which farms just over 100,000 hectares in Ukraine, saw earnings cut by half in 2017 due to weak prices and poor weather conditions that slashed yields of maize (corn) and sunflower seed crops.

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