Astarta Agro-Industrial Holding, the largest sugar producer in Ukraine, exported its products to 53 countries in 2024, supplying more than 1.2 million tons of products to global markets, which is 18% more than in 2023, the company’s press service reported on Facebook.
“Despite all the challenges of 2024, our exports have become a vivid example of the resilience and professionalism of the team. We have not only maintained our positions in international markets but also expanded the geography of supplies, opening up new prospects for growth,” said Vyacheslav Chuk, Astarta’s Chief Commercial and Strategic Marketing Officer.
According to the agricultural holding, the main consumers of Astarta’s corn in 2024 were Spain, Egypt, Italy and Ireland. Soybean oil and meal were supplied mainly to the markets of Eastern Europe, as well as to Saudi Arabia and Malaysia. Sugar was mainly consumed in Europe, North Africa, the Middle East, and CEFTA countries.
The company plans to further expand its sales markets, optimize export logistics and increase export volumes, the agricultural holding summarized.
“Astarta is a vertically integrated agro-industrial holding company operating in eight regions of Ukraine. It includes six sugar factories, agricultural enterprises with a land bank of 220 thousand hectares and dairy farms with 22 thousand cattle, an oil extraction plant in Globyno (Poltava region), seven elevators and a biogas complex.
In 2023, the agricultural holding reduced its net profit by 5.0% to EUR 61.9 million, and its EBITDA decreased by 6.1% to EUR 145.77 million, while revenue increased by 21.3% to EUR 618.93 million.
