December 2, 2011

Sintal Agriculture's gross harvest for 2011 increases

Ukraine's Sintal Agriculture announced that cereals and oilseeds yields have improved by 23-24% backed by better weather conditions and agro-technology development.

It has harvested 203,498 tonnes of crops out of 98% of its land. During 2010/11 season, Sintal rebalanced its crop mix towards oilseeds in order to capitalise on free market pricing and hedge against unpredictable regulatory environment which depressed cereal prices on domestic market.

Driven by harvested area expansion (+59% y/y) and yields recovery (+23% y/y) the company's oilseeds harvest spiked 96% y/y to 94,649 tonnes. Oilseeds constitute 44% of the company's total crops harvest up from 24% in 2009/10.