Business news from Ukraine

“Astarta” exported over 1 mln tons of agricultural products in 2023

3 March , 2024  

Astarta Agro-Industrial Holding, the largest sugar producer in Ukraine, exported more than 1 million tons of products to global markets in 2023, the company’s press service reported on Facebook.

According to the report, the main consumers of corn were China, Spain, Portugal, the Netherlands, and wheat – Spain, Indonesia, Portugal, and Sri Lanka.

Astarta supplied sugar, soybean oil and meal mainly to European markets, and organic products to Germany, France, Switzerland and the Czech Republic.

In the first nine months of 2023, the agro-industrial holding decreased its net profit by 9.8% to EUR 55.97 million, while revenue increased by 14.8% to EUR 392.00 million.

“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 220,000 hectares and dairy farms with 22,000 cattle, an oil extraction plant in Globyno (Poltava region), seven elevators and a biogas complex. For this marketing year’s harvest, the company sowed 201 thousand hectares, which is 40% more than last year.

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