Russia: Almost $14 million is invested in the production of hazelnuts by the Pokrovsky concern

Published 2021년 6월 25일

Tridge summary

Concern "Pokrovsky" is expanding its hazelnut farm in the Krasnodar Territory from 260 hectares to 550 hectares, investing over 500 million rubles. An additional 250 million rubles will be spent on drip irrigation, expected to increase productivity by 30-50%. The project, which started in 2016, has already seen a return of 2.5 tons of nuts from a 61 hectare farm in 2020. The company aims to process and sell the nuts through its distribution network, addressing Russia's reliance on imported nuts.

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Original content

Concern "Pokrovsky" continues to implement a large-scale project for growing hazelnuts in the Krasnodar Territory (RF). Within two years, the total area of the walnut grove will be expanded from 260 hectares to 550 hectares, investments will amount to more than 500 million rubles. ($ 6.923 million) the company said. “We are confident that hazelnuts are one of the most promising agricultural crops within the framework of the import substitution program,” comments Yevgeny Timoshenko, manager of the concern's Labinsk group. - Already now we see that the production of hazelnuts gives a fairly high profitability in comparison with other areas of the agro-industrial complex. Another 250 million rubles. the group of companies will invest in the organization of drip irrigation of the hazelnut garden. Investments will be directed to the construction of a water intake structure, laying of a main pipeline and installation of drip irrigation on an area of 543 hectares. “Compared to other ...

Source: Eastfruit