AgroGeneration SA Faces Tough Harvest Amid Ukraine Drought

AgroGeneration SA (FR:ALAGR) has released an update.

AgroGeneration SA reports a challenging 2024 harvest season due to severe drought in Ukraine, leading to substantial yield and quality reductions in crops such as wheat and peas. The early onset of harvest and extreme weather conditions have significantly impacted production estimates, with wheat yields down by 36% from the previous year. The company anticipates a downward revision in its financial forecasts for the year-end as crop prices are unlikely to compensate for the decreased production.

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