30 July 2008
Astarta (AST PW: BUY) announced yesterday that as of July 28, 30% of its winter wheat and 98% of winter barley were harvested. The company also reported that heavy rain and flooding in Western Ukraine did not influence its crops. Olha Pankiv: We remain positive on the stock as average yields for the period since the beginning of harvest until July 28 (5.3 mt/ha for wheat and 4.0 mt/ha of barley) are ~30% above our expectations. The 88 ths mt is 25% of the entire amount of grains we projected for the company this year.