Business news from Ukraine

Business news from Ukraine

“Astarta” harvested 260 thousand tons of winter grains and pulses from 61 thousand hectares

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.

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Agrarians harvested 30.6 mln tons of crops in 2014

Farmers in all regions of Ukraine have harvested 30.640 million tons of new crops from 7.741 million hectares, the press service of the Ministry of Agrarian Policy and Food reported on Friday.
According to the report, more than 27.3 million tons of grains and 3.3 million tons of oilseeds have already been harvested.
It is specified that 20.494 million tons of wheat have been harvested from 4.732 million hectares at a yield of 42.2 c/ha, barley – 5.2 million tons from 1367.4 thousand hectares at a yield of 38.1 c/ha, peas – 457.7 thousand tons from 207.6 thousand hectares at a yield of 22.1 c/ha.
Ukraine continues harvesting oilseeds. In particular, more than 3.318 mln tons of rapeseed have been harvested from 1220.4 thou hectares with a yield of 27.2 c/ha and 0.3 thou tons of soybeans from 0.2 thou hectares with a yield of 15.2 c/ha.
At the same time, agrarians of Odesa region are the leaders in terms of grain harvesting, where 1072.9 thou hectares were threshed. Khmelnytsky region is the leader in terms of yield, with 65.1 c/ha.
Farmers in Dnipropetrovs’k, Odesa, Kharkiv and Kherson regions have started harvesting buckwheat and millet.
Harvesting of early grains and pulses has been completed in Ivano-Frankivsk, Vinnytsia, Kyiv, Poltava, Odesa, Kherson, Kirovograd and Cherkasy regions.

“TAS Agro” harvested record winter wheat crop

TAS Agro has completed harvesting winter crops and threshed about 24 thousand hectares of wheat and rapeseed, with a winter wheat yield of 6.3 t/ha, a record high for the agricultural holding’s history, the company’s press service reports on Facebook.
“The harvest of early grain crops was completed quite successfully, despite the difficulties and additional risk factors that accompanied farmers this year. Early spring, abnormal heat in June and July, and power cuts had virtually no impact on our businesses due to the introduction of advanced technologies, upgraded equipment and employee responsibility. We managed to implement an effective strategy for the entire range of agrotechnical operations, harvested the grain in the best possible time and also produced a record winter wheat crop. The Northern cluster became the leader in the company in terms of yield of this crop with 7 tons per hectare,” said Oleg Zapletnyuk, CEO of TAS Agro.
The agroholding specified that in 2024, the company will use its own equipment, which was updated during the year, to the maximum extent possible. Only combine harvesters were rented due to economic feasibility. Along with the harvesting campaign, we worked on organizing logistics and marketing of the harvested crop. Currently, the grain is accepted at pre-prepared elevator facilities.
TAS Group was founded in 1998. Its business interests include the financial sector (banking and insurance) and pharmacy, as well as industry, real estate, and venture capital projects.
Before the war, TAS Agro Group cultivated 83 thousand hectares in Vinnytsia, Kyiv, Kirovohrad, Chernihiv, Mykolaiv, Sumy, Kherson, and Dnipro regions, where it grows soybeans, sunflower, rapeseed, wheat, barley, and corn. In addition, the agricultural holding is engaged in dairy farming (up to 5.5 thousand heads of cattle) and owns six elevators with a simultaneous storage capacity of 250 thousand tons.
The founder of TAS is Sergey Tigipko.

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Cygnet harvested 17.5 thou tons of winter wheat

The agricultural company Cygnet has completed the winter wheat harvest and harvested 17.5 thou tons from an area of 2.2 thou hectares, the company’s press service reported on Facebook.
“We planned to complete the winter wheat harvest in 12 days, but actually managed to do it in 10 days. Despite the intense heat, everything went quickly, and it did not interfere with our harvesting,” said Oleksandr Shramko, deputy general director for crop production at Cygnet.
According to him, nine harvesters were working, including five hired ones. The average productivity of the combine was 24.5 hectares per day.
“This year, we achieved a record yield of 7.85 tons per hectare. In the early stages of wheat development, weather conditions were quite good, but in late May and early June there was a lack of precipitation, so in some periods the plants were stressed. However, in the second half of June, we got rainfall and the situation changed for the better. Speaking of yields, this year’s yields are above average, which is quite good,” Shramko added.
Cygnet cultivates about 29 thousand hectares in Zhytomyr and Vinnytsia regions, where it grows corn, soybeans, winter wheat, and sugar beets. The company’s assets include an elevator with a simultaneous storage capacity of 60 thousand tons and a sugar plant with a processing capacity of up to 2.8 thousand tons of beets per day (both in Zhytomyr region).
The company also has a dairy business (605 cows), which sells its products to local processors.

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Agrarians harvested 15.7 mln tons of crops in 2024

Farmers in all regions of Ukraine have already harvested 15.7 million tons of new crops from 4.403 million hectares, the press service of the Ministry of Agrarian Policy and Food reported on Friday.
According to the press service, 10.3 million tons of wheat were harvested from 2.626 million hectares at a yield of 39.4 c/ha, 3.1 million tons of barley from 824.2 thousand hectares at a yield of 37.4 c/ha, 319.3 thousand tons of peas from 154.7 thousand hectares at a yield of 20.6 c/ha.
Ukraine also continues to harvest oilseeds. In particular, 1.8 mln tons of rapeseed have been harvested from 779.1 thou hectares with a yield of 23.5 c/ha and 0.3 thou tons of soybeans from 0.2 thou hectares with a yield of 19.3 c/ha.
Farmers of Kherson region started harvesting millet, which was harvested in the amount of 80 tons from 50 hectares.
At the same time, the TOP-3 in terms of grain harvesting rates includes farmers of Odesa region – 629.4 thou hectares, Dnipropetrovska – 544.2 thou hectares, Mykolaivska – 527.5 thou hectares. Ivano-Frankivsk region is the leader in terms of yield with 65.1 c/ha.

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Ukrainian farmers have already harvested 9.5 mln tons of new crops

Farmers in all regions of Ukraine have already harvested 9.5 million tons of new crops from 2.785 million hectares, the press service of the Ministry of Agrarian Policy and Food reported on Friday.
According to the press service, 5.7 million tons of wheat were harvested from 1.508 million hectares at a yield of 33.8 c/ha, 2.4 million tons of barley from 642.3 thousand hectares at a yield of 38.9 c/ha, 260.9 thousand tons of peas from 127.3 thousand hectares at a yield of 20.3 c/ha.
Ukraine also continues harvesting oilseeds. In particular, 1.085 mln tons of rapeseed have been harvested from 499.6 thou hectares with a yield of 15.3 c/ha and 0.3 thou tons of soybeans from 0.2 thou hectares with a yield of 19.3 c/ha.
At the same time, the TOP-3 in terms of grain harvesting rates includes farmers of Mykolaiv region – 484.1 thou hectares, Odesa region – 464.5 thou hectares, and Dnipropetrovs’k region – 319.4 thou hectares.
Ivano-Frankivsk region is the leader in terms of yields with 66.6 c/ha.
In the Kherson region, farmers have started harvesting millet, with 50 hectares threshed and 50 tons of seeds harvested.

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