Astarta Agro-Industrial Holding, the largest sugar producer in Ukraine, has completed the harvest of winter grains and pulses on an area of over 61 thousand hectares.
According to the press service of the agricultural holding on Facebook, the gross harvest exceeded grain and amounted to 302 thousand tons, including 260 thousand tons of winter wheat, 40 thousand tons of rapeseed and 2 thousand tons of winter peas.
According to the report, the abnormally hot and precipitation-free weather allowed for a quick harvest. This year’s harvest lasted 14-17 days (within the region), while last year’s harvest lasted 24 days.
The average yield of winter wheat in the agroholding was 5.3 tons/ha, and winter rapeseed – 3.4 tons/ha. The highest average yields of 6.3 tons/ha of winter wheat and 3.8 tons/ha of winter rapeseed were recorded in Khmelnytsky and Vinnytsia regions. The average yield of winter peas, a new crop for the company, was 3.5 tons/ha.
“The well-coordinated work of the team, stable communication in the fields (StarLink) and dispatching of the entire supply chain (AgriChain) made it possible to ensure the smooth running of all processes. In such unfavorable weather conditions, early winter rape and wheat varieties were more productive, while late hybrids were less productive. Winter peas also proved to be a good performer. In general, this year, as in the previous year, we focused on optimizing production costs, given the price environment. And I think we are succeeding,” said Roman Pavlyk, Head of Crop Production at Astarta-Kyiv.
At the end of this week, the agricultural holding plans to start harvesting soybeans and sunflower.
In 2023, Astarta Agro Holding, the largest sugar producer in Ukraine, 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.
Astarta CEO Viktor Ivanchik’s family currently owns 40.68% of the company. Fairfax Financial Holdings is also a major shareholder with 29.91%, and another 2.12% of shares belong to the company itself and were previously bought back as part of a buyback.
Geographical structure of Ukraine’s foreign trade (imports) in Jan-May 2024, mln USD
Source: Open4Business.com.ua
In January-July this year, Ukraine’s steelmaking companies increased their revenues from ferrous metal exports by 8% year-on-year to $1 billion 750.101 million.
According to statistics released by the State Customs Service (SCS) on Friday, ferrous metals accounted for 7.73% of total revenues from exports of goods during this period, compared to 7.44% in January-July 2023.
In July, revenues from exports of ferrous metals amounted to $285.516 million, while in the previous month – $246.040 million.
At the same time, Ukraine increased imports of similar products by 21.8% to $875.262 million in the first seven months of this year. In July, the country imported products worth $141.632 million.
In addition, in January-July 2024, Ukraine reduced exports of metal products by 1.2% to $554.166 million. In July, they were exported for $77.108 million.
Imports of metal products increased by 41.2% to $611.305 million during this period. In July, these products were imported for $85.344 million.
As reported earlier, in 2023, Ukraine’s steelmaking companies reduced revenues from exports of ferrous metals by 41.59% compared to 2022, to $2 billion 647.722 million, with ferrous metals accounting for 7.32% of total revenues from exports of goods during this period, while in 2022 the share was 10.26%. At the same time, in 2023, Ukraine increased imports of similar products by 37% to $1 billion 307.046 million.
In addition, last year, Ukraine reduced exports of metal products by 16.6% year-on-year to $877.916 million. At the same time, imports of metal products increased by 40.3% to $902.565 million during this period.
In 2022, Ukraine decreased revenues from ferrous metal exports by 67.5% compared to 2021, to $4 billion 533.088 million. During this period, ferrous metals accounted for 10.26% of total revenues from exports of goods, compared to 20.49% in 2021. At the same time, in 2022, Ukraine reduced imports of similar products by 38.3% to $954.387 million.
In addition, in 2022, Ukraine reduced exports of metal products by 18.6% to $1 billion 52.512 million. Imports of metal products fell by 42.9% to $643.162 million over the year.
Insurance Company “Railway Shares” (Poltava) has increased its authorized capital from UAH 21.3 million to UAH 32 million by holding an additional issue of UAH 10.7 million, according to the insurer’s information published in the information disclosure system of the National Securities and Stock Market Commission.
As reported, 214 thousand shares with a par value of UAH 50 per share were issued during the issue.
As reported, Victoria Matkovska, who owns 94.82% of the insurer’s shares, announced on December 18, 2023, a public irrevocable offer for all shareholders of the company to purchase their shares.
With a par value of UAH 50, the purchase price is UAH 100.45, which corresponds to the market value.
As reported, the National Bank of Ukraine has approved Victoria Matkovskaya’s direct ownership of 94.82% of shares in the insurance company Railways. Later, on December 11, 2023, it confirmed that the company’s ownership structure met the transparency requirements.
Railway Shares Insurance Company was registered in 1994 and specializes in providing risk insurance services.
Ukraine’s Iryna Kolyadenko has won a silver medal in the 62kg freestyle wrestling final at the 2024 Olympic Games in Paris.
Kolyadenko competed against Sakura Motoki, representing Japan, and lost to her with a score of 1:12.
Irina Kolyadenko is the silver medalist of the Olympic Games 2024, bronze medalist of the Olympic Games 2020, silver medalist of the World Championships, three-time European Champion, Champion of Ukraine.
A solemn ceremony to mark ASEAN Day, which brought together diplomatic missions of Southeast Asian countries, Ukrainian officials and guests, took place in the Indonesian Park at the Hryshko National Botanical Garden in Kyiv.
“ASEAN started as an organization of five countries and gradually expanded its ranks to include Vietnam, Laos and Cambodia. Today, thanks to our unity, we continue to promote peace and stability in the region. The value of good relations with neighbors has been known since ancient times… Although ASEAN has not yet reached the level of cohesion as the European Union, we believe that our association is the best form of unification to address regional challenges,” said Nguyen Hong Thac, Ambassador of Vietnam to Ukraine.
In his turn, Ambassador of Indonesia to Ukraine Arif Muhammad Basalama noted that ASEAN has made significant progress in promoting economic growth, cultural exchange and political stability over 57 years. “Our unity allows us to overcome challenges and seize opportunities to improve the lives of our peoples. In the spirit of ‘One Vision, One Identity, One Community’, we look forward to deepening our partnership with Ukraine,” the diplomat added.
The Association of Southeast Asian Nations (ASEAN) was founded on August 8, 1967, in Bangkok by the five founding members: Indonesia, Malaysia, the Philippines, Singapore and Thailand. The main goal of the organization is to promote economic growth, cultural exchange, political stability and regional cooperation.
Today, ASEAN has ten member states, including Brunei, Cambodia, Laos, Myanmar, Thailand, and Vietnam. Through cooperation and integration, the organization continues to develop, advocating for peace and stability in the region.
Arif Muhammad Basalama, ASEAN, ASIA, INDONESIA, Nguyen Hong Thac, VIETNAM
