Grain giant Polskie Młyny sowing seeds for EU success with farmers deal

Grain holding concern Polskie Młyny (PM), which is owned by the Komorowski family and commands 20% of the market, has quickly adjusted its strategy to new market conditions following Poland's EU membership. The company hopes the new environment will allow it to boost turnover by 12% to reach zł.550-600 million. "We have offers for both those willing to sell their crops after harvest and those waiting for the price to increase," said PM president Adam Tański. He added that prices should be lower than in 2003 because of better harvests. "We estimate 2004 crops to be much higher than a year earlier and amount to 27 million tones," said Tański. PM offers combined purchase of grain, which allows farmers to supply grain and instantly get 50% of the price on that day with the remainder paid at a later date. (Puls Biznesu, pp. 1, 6) M.M.