Business news from Ukraine

“Astarta” harvested 330 thousand tons of winter and spring crops in season-2023

21 August , 2023  

Agro-industrial holding Astarta, the largest sugar producer in the country, has completed harvesting of early grain crops on the area of 57 thousand hectares and harvested 330 thousand tons of total winter and spring crops, including 271 thousand tons of winter wheat and 56 thousand tons of rape, the press service of the agricultural holding reported.

According to the report, the average yield of winter wheat amounted to 6.3 tons/ha, which is 33% higher than last year’s figures. The maximum average yield was obtained by agrofirm “Khmelnytske” of Vinnitsa region – 7.4 t/ha on the area of 6000 hectares, and on the area of 1350 hectares the yield reached 8.4 t/ha.

In addition, the enterprises of the agricultural holding threshed 56 thousand tons of winter rape, with a record average yield for the last five years – 4.1 t/ha. The maximum indicator of over 5 tons per hectare on the area of 1310 hectares was obtained on the fields of agrofirm “Poltavazernoprodukt” in Poltava region.

Agroholding also in early August began sowing campaign of winter crops for the harvest of 2024. 12 thousand hectares are allocated for rape, the sowing of which is already being completed, and 54 thousand hectares for winter wheat.

Preparations for harvesting soybeans, sunflower, corn, and sugar beets continue.

“Astarta” is a vertically integrated agro-industrial holding operating in eight regions of Ukraine. It includes six sugar factories, agricultural farms with a land bank of 220 thousand hectares and dairy farms with 22 thousand cattle, an oil extraction plant in Globino (Poltava region), seven elevators and a biogas complex.

In the first half of 2023, Astarta’s revenue from sales of key products increased by 64.8% year-on-year to UAH 10.72 bln. The main contribution was made by sales of sugar – UAH 3.27 bln, which increased by 75.5%, corn – UAH 2.66 bln (+53.2%) and soybean meal – UAH 1.96 bln (+84.5%).

, ,