Global agribusiness corporation Cargill announced on 17 February that it had reviewed its grain and oilseeds businesses in Central and Eastern Europe and had subsequently decided to stop providing crop inputs to farmers, and exit fully from these activities by the end of May 2016.
The decision would affect Bulgaria, Hungary, Poland, Romania, Russia, Slovakia and Ukraine.
The company would begin to wind down crop input activities immediately, while it continued serving customers for the next few months.
In the future Cargill said it would refocus its attention on grain and oilseed origination, merchandising and trading activities in these markets.
It was estimated that potentially around 180 people across the countries involved would be impacted by the decision.
Cargill said that its crop inputs business had some successes in Eastern Europe but “the company has been unable to realise many of the expected synergies between origination and crop inputs”.
In addition, the corporation said the Black Sea region was a key focus for strategic growth and existing investments and operations would be strengthened in the region; this would include port terminals and oilseed crushing plants.