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Landkom rapeseed crop ‘disappointing’


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Ukrainian agricultural producer Landkom International has reported mixed results from its rapeseed and wheat harvests.
Landkom said that while the wheat he wheat harvest was successful, bringing in 60,600 tonnes at a yield of 3.3 tonnes per ha, the yield on the winter rapeseed crop proved disappointing at only 1.75 tonnes per ha which was below the board’s expectations.
But chairman Neil Balfour said rapeseed revenue was supported by attractively priced contracts.
He added: "The maize harvest is due to start shortly and harvest of sunflower is under way.
"We have already planted more than 11,000 ha of winter rapeseed with wheat planting under way. "The financial implications of a lower than anticipated rapeseed harvest are being assessed.
"The board is now reviewing the group’s strategic options."

http://www.moneyam.com/action/news/showArticle?id=4216743

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