On August 16, Agroton received UAH 20 mln (USD 2.5 mln) as prepayment for the EXW supply of 30,000 tonnes of sunflower seeds to be shipped by October 1, 2010. The final price will be determined by the market price as of the end of December 2010, March 2011 and April 2011.

The forward contract was signed with Kernel, the largest producer of sunflower oil in Ukraine.

Agroton’s CEO Yuriy Zhuravlov commented: “Such highly attractive contract terms and conditions are due to the fact that Ukrainian sunflower crushing capacity is now significantly in excess of potential sunflower seed production. Crushing capacity is approximately equal to 8.6 mln tonnes, while sunflower seed production is projected at 6 mln tonnes this year.”