Sales
|
| | | | | | | | |
| 2017 | | 2016 | | 2015 |
Manufactured products and services rendered: | |
| | |
| | |
|
Rice | 83,849 |
| | 94,331 |
| | 82,797 |
|
Ethanol | 241,650 |
| | 211,451 |
| | 176,150 |
|
Sugar | 305,688 |
| | 330,895 |
| | 177,801 |
|
Soybean oil and meal | 6,119 |
| | — |
| | 2,071 |
|
Energy | 62,218 |
| | 53,995 |
| | 46,671 |
|
Powder milk | 2,713 |
| | 4,816 |
| | 1,042 |
|
Services | 1,144 |
| | 1,160 |
| | 1,545 |
|
Operating Leases | 771 |
| | 984 |
| | 1,309 |
|
Others | 5,273 |
| | 1,423 |
| | 1,233 |
|
| 709,425 |
| | 699,055 |
| | 490,619 |
|
Agricultural produce and biological assets: | |
| | |
| | |
|
Soybean | 79,408 |
| | 63,797 |
| | 75,361 |
|
Cattle for dairy | 3,380 |
| | 3,059 |
| | 3,656 |
|
Corn | 82,482 |
| | 48,502 |
| | 41,813 |
|
Cotton | 420 |
| | 1,434 |
| | 3,317 |
|
Milk | 31,656 |
| | 24,561 |
| | 27,906 |
|
Wheat | 14,835 |
| | 16,951 |
| | 16,116 |
|
Peanut | 3,648 |
| | 1,703 |
| | — |
|
Sunflower | 3,163 |
| | 7,275 |
| | 12,659 |
|
Sorghum | — |
| | — |
| | 111 |
|
Rice | — |
| | 950 |
| | — |
|
Barley | 1,888 |
| | 1,240 |
| | 634 |
|
Seeds | 727 |
| | 625 |
| | 648 |
|
Others | 2,146 |
| | 83 |
| | 1,474 |
|
| 223,753 |
| | 170,180 |
| | 183,695 |
|
Total sales | 933,178 |
| | 869,235 |
| | 674,314 |
|
Commitments to sell commodities at a future date
The Group entered into contracts to sell non-financial instruments, mainly sugar, soybean and corn through sales forward contracts. Those contracts are held for purposes of delivery the non-financial instrument in accordance with the Group’s expected sales. Accordingly, as the own use exception criteria are met; those contracts are not recorded as derivatives.
The notional amount of these contracts is US$ 63.3 million as of December 31, 2017 (2016: US$ 111.8 million; 2015: US$ 62.4 million) comprised primarily of 27,848 tons of sugar (US$ 9.4 million), 24,627 m3 of ethanol (US$ 6.3 million), 408,236 mwh of energy (US$ 30.1 million), 25,413 tons of soybean (U$S 7.2 million), 21,835 tons of wheat (US$ 3.6 million), and 37,391 tons of corn (US$ 5.7 million) which expire between February 2018 and December 2018.
