LKI Landkom

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RNS Number : 6518J

Landkom International Plc

04 July 2011

4 July 2011

Landkom International PLC

5,000 tonnes of rapeseed forward sold at $600 per tonne

Landkom International PLC (AIM: LKI, "Landkom" or "the Group"), the Ukrainian producer of agricultural commodities, has forward sold a further 5,000 tonnes of its 2011 rapeseed crop for $600 per tonne, excluding VAT, to an EU commodities company. 25,000 tonnes have already been forward sold this year.

The Group expects the price to be equivalent to $575 per tonne ex works, excluding VAT, after the deduction of delivery costs.

In total the Group has now forward sold 30,000 tons of rapeseed which is approximately 75% of its expected rapeseed harvest.

Vitaliy Skotsyk, Landkom CEO said:

"We have now forward sold almost 75% of our expected 2011 rapeseed crop, and for higher prices than originally budgeted. Achieving these forward sales agreements at attractive delivery prices demonstrates our commitment to managing the business profitably and allows us to plan better for our autumn planting programme."

For further information:

 
 Landkom International Plc 
 (www.landkominternational.com) 
 Vitaliy Skotsyk, Chief Executive                              +380 50352 5029 
 John Mapplebeck, Finance Director                         +44 (0)20 7726 2690 
 
 Liberum Capital 
 Simon Atkinson/Richard Bootle                             +44 (0)20 3100 2000 
 
 College Hill 
 Adrian Duffield/Rozi Morris                               +44 (0)20 7457 2020 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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