Business news from Ukraine

Business news from Ukraine

UKRAINIAN SUPERMARKET CHAIN “SILPO” RECORDED A FOURFOLD INCREASE IN SALT SALES IN JUNE

In June, the Silpo supermarket chain recorded a fourfold increase in sales of salt, 3.5 times soda, three times vinegar, and twice as much sugar as compared to June last year, the retailer’s press service reported.

As noted in the release, the excitement for these categories of goods was caused by a chain reaction after the news about the suspension of the work of the Artemsol enterprise in the Donetsk region. In particular, despite the fact that simultaneously with the suspension of the Silpo enterprise, sufficient volumes of salt were brought to Ukraine from Poland, Romania, Turkey and Bulgaria, the demand for salt quadrupled, and the very possibility of its shortage triggered an increase in demand for other social goods.

In June, sales of soda increased by 2.5 times, which Silpo delivers mainly from Turkey.

Certain interruptions in the supply of vinegar were observed in early June. There are two large vinegar producers in Ukraine, they depend on the supply of acetic acid from abroad, but they managed to establish supplies and stabilize the situation.

The sale of sugar has doubled. The supermarket chain coped with the increased demand by increasing the supplies of Ukrainian sugar producers.

The Silpo chain, which is part of the Fozzy Group, consists of 325 supermarkets in 60 cities of Ukraine and four Le Silpo deli markets in Kyiv, Dnipro, Kharkov and Odessa.

Fozzy Group is one of the largest Ukrainian retailers with more than 690 outlets throughout the country. The company develops retail chains of various formats: Silpo supermarkets, Fozzy Cash & Carry wholesale hypermarkets, Fora convenience stores, Thrash! discounters, Bila Romashka pharmaceutical supermarkets, Ringoo personal electronics stores.

According to Opendatabot, the founder of Silpo-Food LLC is PJSC Closed Non-Diversified Venture Corporate Investment Fund Retail Capital (100%, Kyiv), Vladimir Kostelman is the ultimate beneficiary.

According to the results of January-September 2021, Silpo’s trade turnover amounted to UAH 42.1 billion. “Club of Experts” has previously analyzed the shortage of salt in Ukraine and the impact of salt on the human body. For more details, see the video on the YouTube channel of the “Club of Experts” at the link

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EXPERTS DISCUSSED THE BENEFITS AND HARMS OF TABLE SALT FOR HEALTH – VIDEO

Table (edible) salt is one of the most important products for the body, and the so-called salt-free diet can often lead to negative health consequences, says Doctor of Biology Svyatoslav Morozov. “Sodium ions are necessary to maintain the ionic balance in the cell, the bloodstream. Sodium chloride is also needed for the normal functioning of the nervous system, digestion, muscle contraction and many other processes in the body,” he said in a new video posted on the Expert Club YouTube channel.

At the same time, according to the expert, it is necessary to observe the daily intake of salt, since an excessive amount of this ingredient in food can provoke the development of diseases of the cardiovascular system.

“It is advisable to consume up to 4-5 grams of table salt per day. Excess salt does not lead to terrible consequences, but it creates a burden on the body. This is due to the fact that a significant amount of salt in food leads to a feeling of thirst, as a result of which blood vessels and the heart are already stressed due to excess fluid, which leads to an increase in blood pressure, ” the scientist explained.

The founder of the Club of Experts, Maksim Urakin, in turn, emphasized that, while observing the daily norms of salt intake, it is necessary to take into account not only the pure salting of food, but also the content of sodium chloride in the product itself.

“Today, salt is found in almost all food products. That is, we are talking about the amount of salt directly in all products that a person consumes per day,” the expert noted.

Watch the full video on the Expert Club channel at the link:

You can subscribe to the channel using the link:

https://www.youtube.com/c/Клубэкспертов

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SHORTAGE OF SALT IN UKRAINE WAS TEMPORARY, UKRAINIAN PRODUCT HAS ALREADY BEEN REPLACED BY IMPORTED ONE – CLUB OF EXPERTS

The excitement that was observed around the shortage of table salt in early June has generally declined, today the market does not experience an acute shortage of this product, according to the Expert Club analytical center. In a new video, released on the YouTube channel of the same name, the ball analyzes the current situation with the availability of various types of salt, as well as its benefits and harms in terms of a healthy diet.

According to the candidate of biological sciences Svyatoslav Morozov, in Ukraine today there are several explored deposits of rock salt, in particular in the Kalush region of the Ivano-Frankivsk region, as well as Solotvino in the Transcarpathian region, which will replace the production facilities temporarily stopped due to the war in the Bakhmut region.

The founder of the Club of Experts, Candidate of Economic Sciences Maksim Urakin emphasized that today salt is produced in the world by more than 110 countries, among which China, India and the USA are the leaders. “Ukraine occupied a worthy place in the world salt market. In particular, Artyomsol provided exports to more than 50 countries of the world,” the expert noted.

According to him, the main importers of Ukrainian salt were Poland, Hungary, Moldova and a number of other countries.

Recall that in April 2022, the Artemsol enterprise, located in Soledar, Donetsk region, stopped its work due to hostilities in order to ensure the safety of employees.

For more details, see the video on the Expert Club channel:

You can subscribe to the channel using the link:

https://www.youtube.com/c/Клубэкспертов

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“AUCHAN” IMPORTS SALT FROM EUROPE TO UKRAINE

Retailer Auchan Ukraine started importing salt from Poland, Romania and Hungary back in March to cover a possible shortage of State Enterprise Artyomsol (Soledar, Donetsk region), located in the war zone with Russian occupiers.
The trade network has already established salt imports in April, and Ukrainians do not have to worry about the summer season of canning vegetables, the company’s press service said in response to an inquiry from Interfax-Ukraine on Thursday.
“There is European-made salt on the shelves of Auchan, which costs around UAH 25-30. We plan to sell salt of the following categories: extra, iodized, and even rock salt. The main reason for the shortage of salt is excessive demand. Employees of Auchan hypermarkets literally do not have time exhibit it, and sometimes a stock of two or three weeks is sold in a day,” the press service of the company specified.
According to her, the import of salt from Europe has been established, only within a week the retailer will receive 150 tons of salt, including 50 tons in the coming days.
“The main goal of Auchan in Ukraine is to continue to purchase products from local manufacturers. But since at the moment not all enterprises are working, respectively, not all the needs of the population are covered, the company is ready to cover critical consumption goods by attracting Auchan Poland, Auchan Hungary “and Auchan Romania. As soon as Ukrainian enterprises resume work, Auchan will again give priority to local producers,” the company’s press service summed up.
Auchan Retail is an international retail company, the first store opened in France in 1961.
Auchan Ukraine Hypermarket LLC has been operating in Ukraine since 2008. According to the Auchan website, before the Russian invasion, it had more than 30 stores of various formats (hypermarkets, supermarkets, pick up points) in nine cities, and is also developing e-commerce.

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YOGHURT, MINERAL WATER, RAW TOBACCO, SALT, DOORS, WINDOWS AND THEIR FRAMES, COTTON WOOL, SOCKS AND BRAS, BAGS ARE NEW ITEMS OF CRITICAL IMPORT

Yoghurt, kefir, mineral water, raw tobacco, salt, hydrogen, photographic plates and film, doors, windows and their frames, cigarette paper, cotton wool, tights, socks and bras, bags and packaging bags are new items included in the list goods of critical import of Ukraine.
According to government resolution No. 266 of March 13, which was published on its website, the list is also replenished with glass and mirrors, silver, various types of metal products, aluminum metal structures, pumps, printed circuits, trailers and semi-trailers.
As reported, after the start of Russia’s military aggression on February 24, the government on the same day by resolution No. 153 determined a list of critical import goods, for the purchase of which the National Bank of Ukraine allows buying foreign currency. This is the tenth expansion of this list since it was originally approved.

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ARTYOMSOL INCREASES SALT PRODUCTION

State-owned enterprise Artyomsol (Donetsk region) in January-July 2021 produced and processed 923,500 tonnes of salt, which is 6.9% higher than its planned indicators and 70.3% more than the values of the same period 2020.
“We continue to strengthen our positions in export markets and increase shipments of products to the near and far abroad countries. At the same time, the volumes of supplies to the domestic market are also growing. We will continue to work in this direction and plan to maintain the growth trend until the end of the year,” Artyomsol head Viktoria Lutsenko said.
According to a press release, for seven months of 2021, demand has grown for almost all types of products manufactured by the enterprise. The largest increase was seen in unpacked (bulk) salt shipments, twice, to 702,700 tonnes (76% of the total production).
At the same time, in July, the extraction and processing of salt amounted to 141,500 tonnes of salt, which is 18.2% higher than the planned indicators and by 72.8%, the figures for July 2020.
The report also specifies that in August state-owned enterprise Artyomsol overcame the salt production rate of 1 million tonnes.

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