The farms of KSG Agro have completed the sunflower harvesting campaign on an area of 7,360 hectares with a yield of 24 c/ha, the press service of the agricultural holding reported.
“The results of the harvesting campaign are positive for us, thanks to weather conditions with sufficient rainfall. We predicted a final yield of 23-25 cwt/ha, but in fact we got 24 cwt/ha. This year’s harvesting campaign was delayed because we partially used seeds with a late maturity. We should also mention the results of Apostolivske branch, which for the first time since it joined the holding achieved high sunflower yields of 24.5 c/ha,” said Dmytro Emelchenko, Head of the company’s crop production division, as quoted in the press release.
According to him, in parallel with the sunflower harvesting campaign, the holding’s farms sowed winter wheat on an area of 2 thou hectares and rapeseed on an area of 1.5 thou hectares.
“The peculiarity of this year’s winter crops was that due to weather conditions we sowed almost dry. Nevertheless, the seedlings received at the end of October are in satisfactory good condition,” said Mr. Yemelchenko.
KSG Agro, a vertically integrated holding company, is engaged in pig production, as well as the production, storage, processing and sale of grains and oilseeds. Its land bank is about 21 thousand hectares in Dnipropetrovska and Kherson regions.
According to the agricultural holding, it is one of the top 5 pork producers in Ukraine.
Last year, due to the full-scale war launched by Russia, KSG Agro ended with a net loss of $1.68 million compared to $17.71 million in net profit in 2021, its EBITDA decreased 5.5 times to $1.79 million, and revenue decreased by 47.3% to $16.2 million.
In the first quarter of 2023, the agricultural holding earned $1.53 million in net profit, which is 17% less than in the same period last year. Its EBITDA increased by 23% to $1.87 million and revenue by 45% to $5.12 million.
Astarta, the largest sugar producer in Ukraine, has started harvesting sugar beet, for which it has allocated 39 thousand hectares in the 2023 season, the group’s website reports.
According to the report, on September 8, farmers in Vinnytsia region started digging, and agricultural producers in Poltava region will join the harvesting campaign on September 14.
According to preliminary estimates of the agricultural holding’s experts, this year’s yield and quality of sugar beet will be higher and better than last year’s figures.
In preparing for this year’s harvesting campaign and taking into account the experience of previous seasons, Astarta’s team paid special attention to logistics.
“The company has invested in the construction of almost 90 km of field roads. Also, on Astarta’s initiative and in close cooperation with the Poltava Regional Military Administration and the Globyno community, the company is completing the repair of a 25 km section of the Manzhelia-Globyno public road,” the statement said.
To optimize the delivery of raw materials from the field to the warehouses, the agricultural holding has purchased 22 self-propelled loaders.
In addition, Astarta continues to actively implement digital AgriChain products, including the new AgriChainLogistics module to optimize the processes of collection, delivery, storage and processing of raw materials.
“Astarta is a vertically integrated agro-industrial holding company operating in eight regions of Ukraine. It includes six sugar factories, agricultural enterprises with a land bank of 220 thousand hectares and dairy farms with 22 thousand cattle, an oil extraction plant in Globyno (Poltava region), seven elevators and a biogas complex.
As reported, Astarta earned EUR65.16 million in net profit in 2022, down 46.8% compared to 2021. Last year, the holding’s EBITDA decreased by 23.2% to EUR154.77 million, while revenue increased by 3.8% to EUR510.07 million.
In the first quarter of 2023, the agricultural holding earned EUR16.13 million in net profit, up 6.2 times compared to the first quarter of 2022, its revenue increased by 37.1% to EUR163.55 million, and EBITDA by 63.5% to EUR37.91 million.
The major shareholders of Astarta at the end of the first half of the year were the family of its founder and CEO Viktor Ivanchyk – 40.11% and Fairfax Financial Holdings LTD with subsidiaries – 29.91%.
KSG Agro Holding has completed the harvesting campaign of winter crops – barley, rape and wheat on a total area of about 6.34 thousand hectares, including barley from 1.1 thousand hectares, rape from 2.138 thousand hectares, wheat from 3.1 thousand hectares, according to the group’s press release on Wednesday.
It is specified that barley yield amounted to 3 tons/ha, rapeseed – 2.5 tons/ha, which corresponds to last year’s indicators. The yield of winter wheat is twice as high as last year and showed 5 tons per hectare.
Efficient work of the holding farms’ collectives and weather conditions with sufficient rainfall allowed to obtain a good harvest result. Despite the pessimistic moods about winter crops in autumn and winter, associated with the rise in prices of fertilizers and NWR, we reached the break-even point and even remained in the pluses”, – the press service of the agricultural holding quoted the head of the plant division Dmitry Emelchenko.
In the harvesting campaign 13 combines were used – 2 of them John Deere, and the others – Claas Lexion. In addition, 4 hopper-loaders and about 50 trucks were used to transport the harvest.
KSG Agro, a vertically integrated holding company, is involved in pig farming as well as the production, storage, processing and marketing of cereals and oilseeds. Its land bank is about 21 thousand hectares in Dnepropetrovsk and Kherson regions.
According to the agroholding, it is among the top 5 pork producers in Ukraine.
Last year KSG Agro, due to the full-scale war started by Russia, ended 2022 with a net loss of $1.68 mln compared to $17.71 mln net profit in 2021, its EBITDA decreased 5.5 times to $1.79 mln, and its revenue decreased by 47.3% to $16.2 mln.
Agriholdnig earned $1.53 million in net income in January-March 2023, down 17% from the same period last year. Its EBITDA rose 23% to $1.87 million, with revenue up 45% year-on-year to $5.12 million, gross profit up 46% to $2.06 million and operating profit up 37% to $1.54 million.
Harvesting of current crops in the Prometey Group started with winter barley. Areas with this crop are located mainly in Bashtanka district of Nikolaev region.
Harvesting has already been carried out on an area of 216 hectares, with an average barley yield of 78.5 centners per hectare.
“This year’s harvest has pleasantly surprised us – says agronomist-technologist Ilya Troitsky, – and although Bashtanka district is famous for barley, it is traditionally grown here, this season’s figures exceeded expectations”.
One day Prometey agrarian enterprises will start harvesting winter wheat.
The pace of harvesting in Ukraine due to rainy weather is significantly inferior to last year’s, especially for corn, which by November 4 was harvested on 27% of the area (1.14 million hectares), while last year on this date was thinned 61% of the area (3.3 million hectares).
“Harvesting in Ukraine is slower than last year, and the average moisture content is very high due to the long rains in September and October. Farmers hope that frosts will reduce the moisture content of corn from 22-28% to an acceptable 16-20%, so they plan to postpone harvesting until winter or spring, especially if exports from the Black Sea ports are blocked, which will lead to lower prices,” according to the website of the electronic grain exchange GrainTrade on Monday.
Besides, this season the cost of drying grain has increased two or three times as compared to last year, from 60-100 UAH/ton/percent to 160-250 UAH/ton/percent due to the rise in price of gas and diesel fuel.
The exchange also specified that agrarians of Vinnitsa and Chernovtsy regions have already finished sunflower harvesting, while in Kharkiv region only 42% of sunflower crops are threshed. Most of all 380 thousand tons of soybeans were harvested in Khmelnytsky region and most of all the sugar beets (1.9 million tons) – in Vinnitsa region. The highest yield of grain and leguminous crops – 6.22 tons / ha was obtained by farmers of Khmelnytsky region.
As it was reported, Ukrainian agrarians harvested 53.11 million tons of major crops from the total area of 15.13 million hectares on November 4, with 4.3 million tons from 2 million hectares from October 28 – November 4.
The final yield of wheat in this season amounted to 19.2 million tons from 4.7 million hectares, barley – 5.5 million tons from 1.6 million hectares, rape – 3.1 million tons from 1.96 million hectares, pea – 261 tons from 111.5 million hectares.
In addition, November 4, 9 million tons of sunflower was gathered from 4.1 million hectares, 6.4 million tons of sugar beets from 105 thousand hectares, 6.3 million tons of corn from 1.1 million hectares, 3.1 million tons of soy from 1.3 million hectares, 151 tons of buckwheat from 111 thousand hectares and 98 tons of millet from 42.6 ha.
According to the Ministry, the average yield by all crops in the current season was 40.7 c/ha, including corn – 55.4 c/ha, wheat – 41.2 c/ha, of barley – 35.1 c/ha, rape – 28.9 c/ha, soybeans – 23.9 c/ha, peas – 23.4 c/ha, millet – 23.1 c/ha, sunflower – 22.0 c/ha, buckwheat – 13.6 c/ha, sugar beets – 488 c/ha.
Agroindustrial holding “Kernel” has completed the harvesting campaign of early grains in 2022, having collected, according to the calculations of the Interfax-Ukraine agency, at least 364 thousand tons of winter wheat.
As reported on the holding’s Facebook page on Monday, the winter wheat crop was harvested from an area of more than 70,000 hectares with a yield of 5.2 tons/ha.
At the same time, it is specified that the harvesting of early grains and rapeseed was completed before the end of August, despite adverse weather conditions.
“The sowing and harvesting campaigns were complicated by the military situation and weather conditions. Due to precipitation, grain harvesting continued for almost 40 days. Prolonged rains in some regions led to a deterioration in the quality indicators of the grown grain,” explained Igor Chikin, director of the Agribusiness segment, quoted by the press agricultural holding service.
According to him, the agro-industrial group experienced major organizational difficulties in the spring during the Russian large-scale invasion, when the holding was unable to grow winter crops according to the required technology. However, subsequently Kernel managed to optimize the technology and costs, carry out top dressing and protection of crops, thanks to which it was possible to get a good harvest.
The agricultural holding specified that the yield of winter rapeseed in the current season reached 3.4 tons/ha, varying between 2.8-3.7 tons/ha.
Before the war, Kernel ranked first in the world in the production of sunflower oil (about 7% of world production) and its export (about 12%), and was also the largest producer and seller of bottled sunflower oil in Ukraine. In addition, the company was engaged in the cultivation of other agricultural products and their sale.
The largest co-owner of Kernel through Namsen Ltd. is Ukrainian businessman Andrey Verevsky with a share of 39.3%.
The agricultural holding in fiscal year 2021 (FY, July 2020 – June 2021), increased its net profit by 4.3 times compared to FY 2020 – up to $513 million, its EBITDA increased 2.1 times – up to $929 million, revenue – by 38%, to $5.65 billion.
