Kernel yields: wheat up 9%, sunflower up 18%, rapeseed up 48%, corn down 13%
Net wheat and sunflower yields at Kernel's agricultural operations increased by 9% and 18%, respectively, year over year, reaching 6.4 tonnes per hectare and 3.1 tonnes per hectare, the company said in a stock exchange filing last week.
Kernel, an agricultural company, reported significant yield changes for several crops in its most recent financial report. Wheat yields increased by 9% year over year, reaching 6.4 tonnes per hectare, while sunflower yields rose by 18%, reaching 3.1 tonnes per hectare. These improvements resulted from a 48% increase in total acreage under operations, growing to 530,000 hectares.
Sunflower acreage expanded the most, jumping by 90% to 88,000 hectares. The company anticipates that these yields will translate to a 22.3% increase in sunflower harvest, totaling 272,800 tonnes. However, sunflower harvesting is still ongoing in 4% of the allocated area. Meanwhile, corn yields dropped by 13% to 8.1 tonnes per hectare, primarily due to summer heatwaves and insufficient rainfall.
Despite a 48% increase in corn acreage to 254,000 hectares, the harvest is expected to grow by 28.6% to 2 million 57,400 tonnes. Rapeseed yields, however, saw a substantial 20.9-fold increase, reaching 150,500 tonnes. The company also expanded its operations into other crops, allocating 39,000 hectares to these new ventures. Kernel, once the world's leading sunflower oil producer, remains a significant player in Ukraine's agricultural sector.
Written by urgent.news from Interfax-Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
