In January-March 2025, Astarta Agro-Industrial Holding, the largest sugar producer in Ukraine, reduced its revenue from sales of key products by 19.1% compared to the same period in 2024: the growth in sales of sugar, sunflower, soybean oil and milk could not cover the decline in sales of wheat, corn, rapeseed and soybean meal.
According to the data released by the holding on the Warsaw Stock Exchange, the company sold a total of UAH 5.20 billion worth of its main products in the first quarter of 2025, compared to UAH 6.43 billion in the first quarter of 2024.
In particular, sales of sugar increased by 11% in physical terms in the first quarter of 2025 compared to the first quarter of 2024 – to 76.896 thousand tons, while the average selling price decreased by 8% to UAH 22.808 thousand (hereinafter referred to as per ton).
Astarta’s wheat sales in the first quarter decreased by 92% to 6.638 thsd tonnes, while the average price increased by 4% to UAH 8.824 thsd.
In the fourth quarter, corn sales decreased by 48% to 111.423 thsd tonnes, while the price increased by 21% to UAH 9.747 thsd.
In addition, Astarta decreased sales of sunflower seeds in January-March by 18% to 15.965 thsd tonnes, while their selling price increased by 119% to UAH 28.697 thsd.
In January-March 2025, the agricultural holding did not sell rapeseed, while a year earlier in the same period it sold 18.855 thsd tonnes at the price of 17.628 thsd tonnes.
Sales of soybean oil in the first quarter decreased by 12% to 11.97 thsd tonnes, while the price of the product also increased by 45% to UAH 43.48 thsd. Sales of soybean meal increased by 2% to 43.67 thsd tonnes, and its price was 13% lower than last year’s UAH 16.08 thsd.
In January-March 2025, the agricultural holding’s milk sales increased by 1% to 30.899 thsd tonnes, while the price of the products increased by 20% to UAH 20.02 thsd.
Overall, in 2024, Astarta increased sales of its main products by 7.8%: growth in sales of sugar, wheat, rapeseed, soybean oil and milk offset a drop in sales of corn and sunflower. In particular, sugar sales increased by 40% to 395.88 thousand tons, while the average selling price decreased by 9% to UAH 23.85 thousand. The total revenue of the agricultural holding from the sale of its main products amounted to UAH 24.88 billion last year, compared to UAH 23.08 billion in 2023.
“Astarta is a vertically integrated agro-industrial holding company operating in eight regions of Ukraine. It comprises 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.
