Sintal Agriculture, one of the largest crop producers in Ukraine, is pleased to ...
Sintal Agriculture(SNPS GR) is pleased to present results of sowing campaign. C...
"Sintal Agriculture" PLC
"Sintal Agriculture" PLC Ukraine
54, Klaptsova Str.
61093 Kharkov
Ukraine
Tel.: +380 (57) 717 79 95
Fax: +380 (57) 766 51 64
info@sintalagriculture.com
1, Lampousas st.
1095 Nicosia
Cyprus
"Sintal Agriculture" PLC Ukraine
54, Klaptsova Str.
61093 Kharkov
Ukraine
Tel.: +380 (57) 717 79 95
Fax: +380 (57) 766 51 64
info@sintalagriculture.com
| Crops harvesting is 98% completed. Cereals and oilseeds yields are up 23%-24% y/y |
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Sintal Agriculture, one of the largest crop producers in Ukraine, is pleased to announce its progress on crops harvesting campaign. As of November 28th, 2011, the company harvested 203,498t of crops out of 98% of its land bank. Cereals and oilseeds yields have improved by 23%-24% backed by better weather conditions and agrotechnology development.
During 2010/11 season Sintal rebalanced its crop mix towards oilseeds in order to capitalize 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 94,649t. Oilseeds constitute 44% of the company’s total crops harvest up from 24% in 2009/10. Sintal Agriculture decided to scale back its sugar beets sowings this season given looming oversupply and sharp downward correction in sugar prices. Coupled with higher sugar beets production costs such trends should erode the segment margins to the levels below the company core business making it less attractive for the moment.    Area sown with winter crops up 36% y/y Sintal has completed winter sowing in line with usual operational schedule and without any material adverse impact from weather conditions. Area under winter crops spiked by 36% y/y to 60,575ha as newly acquired assets from Agrica were integrated into Sintal operations timely. To balance back its crop mix and thus ensure long term sustainability of yields the company slashed rapeseeds sowings in favor of wheat and barley (54% and 29% of land bank under winter crops respectively). Share of winter rapeseed in total winter sowings dropped from 36% in 2010 to 16% in 2011 —level which is in-line with best agronomy practices.  |
(c) 2008 Sintal agriculture
