Business news from Ukraine

AS OF OCTOBER 5 SUGAR PRODUCTION IN UKRAINE AMOUNTED TO 240,200 TONNES

As of October 5, sugar production in Ukraine amounted to 240,200 tonnes, and in general, 1.89 million tonnes of sugar beet were processed, according to a report on the website of the National Association of Sugar Producers Ukrtsukor.
Thus, to date, sugar beet is being processed by 25 out of 33 refineries that have planned to produce sugar in the current marketing year (September-August).
According to the data on the website of the Ministry of Agrarian Policy and Food, as of October 4, Ukrainian farmers harvested 2.26 million tonnes of sugar beet (20.8% of the forecast) with a yield of 47.96 tonnes per ha.
As reported, the current season of sugar beet processing in the country started on August 21.

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SUGAR PRODUCTION IN UKRAINE AS OF SEPT 20 AMOUNTES TO 74,900 TONNES

Sugar production in Ukraine as of September 20 amounted to 74,900 tonnes. According to a report on the website of the Ukrtsukor National Association of Sugar Producers, in total, 629,800 tonnes of sugar beet had been processed.
According to the data on the website of the Ministry of Agrarian Policy and Food, as of September 16, Ukrainian agrarians harvested 506,300 tonnes of sugar beet (4.7% of the forecast) with a yield of 47.72 tonnes per ha.
As reported, the current season of sugar beet refining started in the country on August 21.

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UKRAINE PRODUCES 4,920 TONNES OF SUGAR

As of September 3, sugar production in Ukraine amounted to 4,920 tonnes, a total of 49,600 tonnes of sugar beet were processed.
According to a report on the website of the National Association of Sugar Producers Ukrtsukor, on the indicated date two sugar factories were opened – Selysche sugar refinery (Selysche, Cherkasy region, part of the agricultural holding Panda) and Haisyn sugar refinery (Vinnytsia region, Ukrprominvest-Agro).
As of September 6, the website of the Ministry of Agrarian Policy and Food does not have data on harvest of sugar beets by Ukrainian farmers.
As reported, the current season of sugar beet processing started in the country on August 21.
The Ministry of Economy expects sugar production in Ukraine in the 2021/2022 marketing year (MY, September-August) at 1.4 million tonnes, which is 30% more than in the last MY. The total supply of this product in the current season will amount to 1.74 million tonnes due to the growth of its production in the current MY and its significant residues (0.42 million tonnes) transferred from the last MY, which will be sufficient to meet the domestic demand, which is approximately 1.25 million tonnes.

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SUGAR PRODUCTION IN UKRAINE WILL GROW BY 30%

Sugar production in Ukraine in the 2021/2022 marketing year (MY, September-August) is expected to reach 1.4 million tonnes, which is 30% more than in the previous MY, the total sugar supply in the country will be sufficient to meet domestic demand, according to the Ministry of Economy.
According to a report on the agency’s website, taking into account the growth in sugar production in the current MY and its significant residues (420,000 tonnes), which are transferred from the last MY, the total sugar supply this season will amount to 1.74 million tonnes. The Ministry of Economy specified that these volumes will be quite enough to meet domestic demand, which is approximately 1.25 million tonnes.
“At present, the sugar industry of Ukraine allows producing up to 2 million tonnes of beet sugar per year, which fully meets the country’s internal needs,” the ministry explains.
The Ministry of Economy recalled that in the 2020/2021 MY sugar production in Ukraine decreased by a quarter compared to 2019/2020 MY, to 1.1 million tonnes due to unfavorable weather conditions.
In the current MY, 33 enterprises of the industry intend to produce sugar, which corresponds to the data for 2020, the report says.
“There is a gradual decrease in sugar consumption by Ukrainians. If in 2008 the average Ukrainian consumed about 41 kg of sugar and sugar-containing products during the year, then in 2020 – 28.5 kg. Such a decrease is also associated with a change in food culture and a decrease in sugar consumption in related industries,” the Ministry of Economy summed up, citing data from the State Statistics Service.

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LARGEST SUGAR PRODUCER IN UKRAINE ASTARTA CUTS SALES BY 25%

Astarta, the largest sugar producer in Ukraine, over January-June and April-June 2021 reduced sugar sales compared to the same periods in 2020 by 25%, to 55,460 tonnes and 113,600 tonnes, respectively, while over the first half and the second quarter, the products sold by it went up by 66%, to UAH 17,280 per tonne and UAH 16,690 per tonne, respectively.
According to the company’s report on the Warsaw Stock Exchange on Friday evening, sales of corn by the agricultural holding in the second quarter of 2021 fell by 21% compared to the second quarter of 2020, to 78,650 tonnes, while the price increased by 9%, to UAH 4,950 per tonne. In the first half of this year, its sales decreased by 55%, to 151,290 tonnes with a rise in price of corn by 17%, UAH 5,270 per tonne.
In addition, in the second quarter of 2021, Astarta sold 34% less soybean meal than in the second quarter of 2020 – some 23,750 tonnes (with a rise in price of 45%, to UAH 14,570 per tonne); 49% less soybean oil – 4,210 tonnes (its price has doubled to UAH 37,840 per tonne); 5% more milk – 23,650 tonnes (it has risen in price by 20%, to UAH 11,600 per tonne); and also twice as much wheat – 2,240 tonnes (it has risen in price by a quarter, to UAH 6,550 per tonne). During the specified period, the company has increased sales of sunflower seeds 4-fold, to 135 tonnes, with their rise in price 2.7 times, to UAH 19,180 per tonne.
According to the results of the first half of 2021, Astarta sold 23% less soybean meal than in the first half of 2020 – some 63,520 tonnes (with a rise in price of 59% to UAH 14,960 per tonne); 13% less soybean oil – 16,840 tonnes (with a rise in price by 76%, to UAH 31,580 per tonne); 4% more milk – 47,850 tonnes (it has risen in price by 17%, to UAH 11,680 per tonne); and also 37% more wheat – 6,070 tonnes (it has risen in price by 56%, to UAH 7,410 per tonne). During this period, the company increased sales of sunflower seeds 37 times, to 3,720 tonnes, with their price doubling to UAH 11,590 per tonne.
Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine. It includes eight sugar factories, agricultural enterprises with a land bank of 243,000 hectares and dairy farms with 25,000 animals, seven elevators, a biogas complex and a soybean processing plant in Poltava region (Globino Processing Plant LLC).

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LARGEST UKRAINIAN SUGAR PRODUCER WILL LAUNCH PRODUCTION OF SUGAR SYRUP

Agroholding Astarta, the largest sugar producer in Ukraine, in July will invest UAH 500,000 in the installation of a technological line for the production of inverted sugar syrup at Novoorzhytske sugar plant (Novoorzhytske, Poltava region), the release of the first batch of products is planned for August 2021, the company’s press service said.
“The main consumers of inverted syrup will be Ukrainian beekeepers. This product can be used to feed bees, since it allows you to preserve the offspring of bee colonies and increase their productivity. Our product will allow beekeepers to increase the efficiency of their apiaries, introduce modern technologies in this process and maintain a leading position in honey production in the world,” curator of the project Ivan Chepak said.
According to the company, inverted sugar syrup is also in demand in confectionery industry, and if the pilot project is successfully implemented, Astarta will expand its production and expand sales markets. Developing this project, the company is increasing the volume of products with a higher degree of processing, forming the added value of its products, the report explains.
As reported, Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine. It includes five sugar factories, agricultural enterprises with a land bank of 220,000 hectares and dairy farms with 22,000 animals, seven elevators, a biogas complex and a soybean processing plant in Poltava region (Globino Processing Plant LLC).

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