IMC finalized corn harvesting
The company IMC completed corn harvesting on 69.2 thou. ha. The bulk yield reached 645.5 thou. t using the average yield of 9.33 t/ha, 77% higher than the average corn yield in Ukraine (according to official data, as of November 30, 2020, the average corn yield in the country was 5.26 t/ha).
"None of the seasons in agriculture is ever similar in weather terms to the previous one. 2020 is no exception, its "uniqueness" was felt by everyone without exception in the economy. And if for other industries the coronavirus and the quarantine measures caused by it were the determining factors, then for farmers the pandemic concurred with the lack of soil moisture after a snowless winter, cold spring and dry summer," said IMC’s COO Oleksandr Verzhykhovskyi.
As a reminder, IMC reported USD 113.84 mln of revenue for the period January-September 2020, 4% lower YoY.
Previously reported that corn in Ukraine yielded lower than in Russia for the first time since 1992.
