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Don Agro will report a loss for FY2022

The Edge Singapore
The Edge Singapore • 1 min read
Don Agro will report a loss for FY2022
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Don Agro International has issued warned that it expects to report a loss for the FY2022.

The Russia-based agriculture company explains that the losses will be due to significant changes in the fair value of its biological assets, specifically, its crops, as a result of lower prices agriculture produce can fetch within Russia.

In addition, it got to bear with a “significant leap” in costs of seeds, fertilizers and spare parts in FY2022.

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