Landkom sells 5 ths mt rapeseed futures for USD 3 mln
16 March 2011
Landkom International (LSE: LKI LN) announced yesterday that it signed a forward contract to sell 5 ths mt of rapeseed for USD 600 per mt, CPT. The total volume of contract is USD 3 mln. The company estimates delivery costs associated with the contract at USD 25 per mt, or USD 125 ths per contract. Landkom increased its sown acreage by 35% y-o-y to 28.9 ths ha in 2011.
