In 2023, Agrotrade exported about 350 thsd tonnes of grain, of which 35%, or 116 thsd tonnes, was the share of its own products, and 65%, or 230 thsd tonnes, was from third-party producers, the company’s press service reported on Facebook.
According to the report, the agricultural holding supplied 214 thousand tons of grain to the world market by “deep water”, 108 thousand tons by the Danube, and 24 thousand tons by land.
“Despite the fact that logistics was a constant problem last year due to instability and high prices, we managed to establish ways to trade from different points – when the Black Sea ports became inaccessible, we started exporting via the Danube. And the opening of the new “grain corridor” greatly simplified our work. We were among the first in the country to use it. So far, it is working perfectly – everything is predictable and there are no queues. (…) In total, we have already shipped four ships, or 66 thousand tons of products, through the Grain Corridor 2.0,” the press service quoted Andriy But, Director of Agrotrade’s Foreign Economic Activity Department, as saying.
According to him, a significant achievement of the past year was the full sale of the agricultural holding’s own 2022 harvest and the increase in trade volumes. In particular, the company managed to export record volumes of winter rapeseed – more than 30 thsd tonnes – via the Danube in a short time. Also, in 2023, Agrotrade’s corn, soybeans and wheat were in demand on the global market.
Speaking about the plans for 2024, Booth said that the agricultural holding expects to fully export its own 2023 harvest and not slow down the pace of trade.
Agrotrade Group is a vertically integrated holding company with a full agro-industrial cycle (production, processing, storage and trade of agricultural products). It cultivates over 70 thousand hectares of land in Chernihiv, Sumy, Poltava and Kharkiv regions. Its main crops are sunflower, corn, winter wheat, soybeans and rapeseed. It has its own network of elevators with a simultaneous storage capacity of 570 thousand tons.
The group also produces hybrid seeds of corn and sunflower, barley, and winter wheat. In 2014, a seed plant with a capacity of 20 thousand tons of seeds per year was built on the basis of Kolos seed farm (Kharkiv region). In 2018, Agrotrade launched its own brand Agroseeds on the market.
Vsevolod Kozhemiako is the founder and CEO of Agrotrade.
The shareholders of PrJSC “Production Association “Stalkanat” (Odesa) intend to reconsider the issue of allocating UAH 60 million 511,837 thousand for dividends at the rate of UAH 0.58 per share from retained earnings for part of 2022.
This issue is included in the agenda of the extraordinary general meeting of shareholders scheduled for February 22 this year, which is held remotely.
The draft decision sets a new dividend payment deadline of August 14, 2024.
The payment will be made directly to shareholders’ accounts.
Earlier, the extraordinary general meeting of shareholders of PJSC “PA “Stalkanat” held on November 14, 2023, allocated UAH 60 million 511 thousand 836.74 to pay dividends from retained earnings for 2022, assuming that there were UAH 0.58 of dividends per share. The dividend payment period was previously set from December 5, 2023 to May 14, 2024.
At the meeting on February 22, 2024, the shareholders also intend to renew the composition of the Supervisory Board. In addition, they intend to increase the amount of previously approved agreements for the purchase of raw materials for production.
“Stalkanat is one of the largest producers of steel ropes and reinforcing strands in Eastern Europe and a leader in the production of hardware products in Ukraine.
According to the company, as of the end of 2022, David Nemyrovsky (Ukraine) holds 50.0001% of Stalkanat shares, Anton Mikhalenko – 23.7%, Eder Liron (both Israel) – 23.1%, and Vitaly Dubovich (Ukraine) – 3.1999%.
The authorized capital of Stalkanat is UAH 17.736 million, with a par value of UAH 0.17 per share.
“Kernel, one of Ukraine’s largest agricultural holdings, processed 811 thsd tonnes of sunflower seeds in the second quarter of fiscal year (FY) 2024, up 24% year-on-year, when the company’s operations were disrupted by power outages due to Russia’s attacks on Ukraine’s energy infrastructure.
“Two out of eight plants of the agricultural holding, which are located in Kharkiv region near the border with Russia, remain unavailable for work,” the company said in a financial report on its website on Monday.
According to the report, sales of sunflower oil in the second quarter of FY2024 increased by 13% compared to the same period last year and exceeded 388 thousand tons. High volumes of sunflower seeds processing are supported by various export logistics options, including deep-water Ukrainian Black Sea ports. At the same time, sales of bottled sunflower oil accounted for 6% of total sales.
In the first half of FY2024, Kernel’s elevator volumes increased by 21% year-on-year to 2.5 mln tonnes as the agricultural holding managed to complete the harvesting campaign in its Agriculture division on time, unlike the postponed harvesting campaign a year earlier.
According to the agroholding, it managed to increase export transshipment volumes through its terminals by 11.2 times in October-December 2023, up to 1,805 thousand tons, using the temporary commercial shipping corridor created by the Ukrainian Navy. This volume includes transshipment of grain, sunflower oil and meal, as well as transshipment services provided to third parties (65 thousand tons in the second quarter of FY2024).
This figure, according to Kernel, is 5% higher than the same period last year and is explained by the success of the agricultural holding, which was achieved during FY2023 as part of the Black Sea Grain Initiative.
However, export terminals operated below pre-war levels as they suffered from damage caused by Russian missile strikes on Kernel’s port infrastructure in the summer of 2023.
Due to the resumption of transshipment volumes at the export terminal, the volume of grain exports from Ukraine in the second quarter of FY 2024 increased 8.4 times compared to the previous quarter, reaching 1.705 thousand tons, the agricultural holding stated.
As reported, before the war, Kernel was the world’s largest producer of sunflower oil (about 7% of world production) and its exports (about 12%). It is one of the largest producers and sellers of bottled oil in Ukraine. It is also engaged in the cultivation and sale of agricultural products.
In the first quarter of FY2024, the company posted a net loss of $30.9 million, while the previous year ended with a net profit of $162 million, with revenue down 17% to $564 million.
Druzhkovka Metalware Plant PrJSC (Donetsk region) intends to pay UAH 25 million out of the profit of previous periods.
The relevant issue is on the agenda of the extraordinary general remote meeting of the company’s shareholders scheduled for February 22, 2024.
As reported, the company reduced its net profit by 69.1% year-on-year to UAH 33.832 million in 2022, with retained earnings of the plant amounting to UAH 404.665 million by the end of 2022.
Druzhkovka Hardware Plant produces machine-building and railway fasteners.
According to the fourth quarter of 2022, the company’s shares were owned by an individual Alexey Spiridonov, who held 14.9949%, Elena Mishchenko-Solona (a resident of Spain) – 13.0304%, Irina Mishchenko – 24.5167%, Sergey Popkov – 5.8611%, Anton Malikov – 9.75%, Elena Malikova – 8.25%, Valery and Dmitry Malikov – 9.774% each.
The authorized capital of the company is UAH 3.323 million, the nominal value of 1 share is UAH 0.05.
Import of goods in Jan-Oct 2023 in most important positions to previous 2022
Source: Open4Business.com.ua and experts.news
The State Property Fund (SPF) of Ukraine has announced a privatization auction for the sale of the Gannopolskiy distillery (Khmelnytskyi region) on January 25, the press service of the agency said.
According to the message, the asset consists of 48 real estate objects located on a land plot with a total area of 16.11 hectares. The main of them are the main building with the area of 1250.9 sq. m, vodka bottling shop and cleaning department – 1392.4 sq. m, stables – 529 sq. m, malt house – 1171.1 sq. m, grain warehouse – 1198 sq. m and others.
The starting price of the object is UAH 3.8 mln.
You can register for the auction until January 24.
