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Sep 20, 2012

Average corn yield over one third down – expert

Ukraine Business
 

“For today, this crop has been harvested mainly in those regions where it ripens earlier and has a smaller yield because of low rainfall”

The average corn yield reduced by over 30% against the previous year, due to this, total grain yield may appear to be 4.6% less against the previous year yield, Tamara Levchenko, senior analyst of Dragon Capital Investment Company said.

“For today, this crop has been harvested mainly in those regions where it ripens earlier and has a smaller yield because of low rainfall. The average yield, as a rule, considerably rises by the end of harvesting at the end of September-October,” the expertnoted.

According to Levchenko, current dynamics of sunflower seeds yield actually corresponds to the forecast of the final yield at the level of 7.4 million tons (-16% against the same period of the previous year), with average crop capacity of 1.55 tons/ha (-17 % in annual terms).

According to live data, as of September 17, Ukrainian agricultural workers gathered the yield on 45% of acreage under sunflower seeds or 2.1 million ha, having gathered 3.1 million tons of the yield (+15% in annual terms) with the average crop capacity of 1.45 tons/ha (-20% against the previous year). Harvesting of late grains also continues - 2.3 million tons of corn (+120% against the same period of the previous year) was gathered from 0.7 million ha (15% of total sowing acreage) with the average crop capacity of 1.45 tons/ha (-32% against the previous year).

To remind, according to information of the Agrarian Policy and Food Ministry, Ukraine intends to sign an agreement with the Export-Import Bank of China in mid-October this year on allocation of credit lines for USD 3 billion in exchange for corn supplies.

 
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