Astarta completes harvesting early crops

According to an Astarta (AST PW: BUY) announcement last week, it completed harvesting early crops, collecting more than 262 ths mt of grain at 59.5 ths ha area. The average yield of winter wheat is ~5.2 mt/ha (+51% yoy), winter barley 4.0 mt/ha (+39% yoy) and spring barley 3.9 mt/ha (+68% yoy). Olha Pankiv: Due to yields higher than we initially expected, Astarta’s harvest will be ~16% more than our projections, at ~400 ths mt. We confirm our BUY recommendation on the stock.