Business news from Ukraine

Business news from Ukraine

“Astarta” Has Begun Harvest in Poltava Oblast

The Astarta agricultural holding has begun the harvest at its farms in Poltava Oblast and plans to harvest winter wheat from 38,000 hectares and winter rapeseed from 14,000 hectares, the company’s press service reported.

“Despite a delayed start to spring fieldwork due to unfavorable weather conditions, the harvest of early-maturing grains began at the optimal time,” the press service quoted Andriy Zagorulko, director of the holding’s Department of Crop Production, Logistics, and Mechanization, as saying.

He noted that production teams had completed all necessary preparatory work, and that the key priorities during the harvest remain harvest quality, minimizing losses, worker safety, and seamless coordination among all involved teams.

In the third ten-day period of July, enterprises in the Western region will join the harvest campaign.

“Astarta” is a vertically integrated agro-industrial holding operating in seven regions of Ukraine and is the country’s largest sugar producer. The company’s portfolio includes five sugar refineries, agricultural enterprises with a land bank of 214,000 hectares (including 129,000 hectares in Poltava Oblast, 42,000 hectares in Khmelnytskyi Oblast, and 16,000 hectares in Vinnytsia Oblast), and dairy farms with 30,000 head of cattle. The holding company also operates a soybean processing plant and a bioenergy complex in the Poltava region, as well as a network of six grain elevators. Astarta’s shares are listed on the Warsaw Stock Exchange.

Astarta’s net profit for 2025 fell 4.2-fold to $19.94 million, while consolidated revenue declined by 23% to $472 million.

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Odesa and Mykolaiv Regions Lead in Grain Harvest Volumes

As of July 7, Ukrainian farmers had harvested 1.022 million metric tons of early-season grains and legumes from the new crop, according to the press service of the Ministry of Economy, Environment, and Agriculture.

“This year, due to weather conditions, the harvest began somewhat later. But farmers are working as hard as they can, and we’ve already reached the first million metric tons of grain—that’s a good result for this time of year. It was made possible by the coordinated efforts of producers and the efficient organization of fieldwork, even amid security and logistical challenges,” the press service quoted Deputy Minister Taras Vysotsky as saying.

According to the ministry, the harvest of early grain and legume crops is underway in 15 regions. Grain has already been threshed on an area of 251,400 hectares, which accounts for 3% of the projected area, with an average yield of 40.7 centners per hectare.

Farmers have already harvested 719.4 thousand metric tons of barley, 264.6 thousand metric tons of wheat, and 35.1 thousand metric tons of peas.

In the Kherson and Ivano-Frankivsk regions, the rapeseed harvest has begun, with 2.68 thousand metric tons harvested so far.

The largest volumes of grain from the new harvest were harvested by farmers in the Odesa (389 thousand metric tons) and Mykolaiv (347.2 thousand metric tons) regions.

According to the Ministry of Economy, Ukrainian farmers planted over 20 million hectares with winter and spring grains and oilseeds in 2026. Specifically, 5.88 million hectares were planted with spring grains and legumes, and 7 million hectares with industrial crops.

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Ukraine Exported Nearly 14 Mln Metric Tons of Wheat in 2025/2026 Marketing Year

Ukraine exported nearly 14 million metric tons of wheat in the 2025/2026 marketing year, according to the Ukrainian Grain Association (UGA).

The main export markets for Ukrainian wheat were Egypt (3.9 million metric tons), Algeria (2.8 million metric tons), Indonesia (2.1 million metric tons), Yemen (1 million metric tons), and Spain (678,000 metric tons).

According to the association, the decline in total exports of grains and oilseeds during the season was due to a lower harvest, the introduction of quotas on Ukrainian wheat imports into the European Union, and logistical difficulties caused by Russian shelling of energy and transportation infrastructure, particularly ports and maritime grain terminals.

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KSG Agro Begins Harvest on Nearly 5,000 Hectares

The agricultural holding KSG Agro has begun harvesting winter barley, winter wheat, and spring barley across a total area of 4,960 hectares.

According to the company’s press service in response to a request from Interfax-Ukraine, winter wheat will be harvested from 3,700 hectares, winter barley from 562 hectares, and spring barley from 698 hectares.

“This year’s weather conditions have allowed the entire grain crop to reach maturity and be ready for harvest almost simultaneously. In particular, the moisture content of the wheat grain is 13–16%, which is the optimal level for starting the harvest. While we previously planned to harvest crops in stages, under current weather conditions we are conducting an intensive and time-compressed harvest campaign that will last about 10–12 days,” the press service quoted Vitaliy Nekhay, head of KSG Agro’s crop production division, as saying.

The report notes that nine combine harvesters and 25 trucks for transporting grain are being used to harvest winter barley and winter wheat.

“The holding expects slightly higher yield figures than previously forecast. In this regard, the farms are paying special attention to minimizing losses during harvesting to prevent the grain from drying out and to ensure an optimal gross harvest,” the statement said, citing the head of the crop production division.

As previously reported, the agricultural holding KSG Agro intends to invest over 25 million UAH in creating an autonomous water supply system for one of its pig farms and plans to fully supply it with water from its own sources by the end of 2026.

KSG Agro is a vertically integrated holding company engaged in pig farming, as well as the production, storage, processing, and sale of grains and oilseeds. The company’s land bank in the Dnipropetrovsk and Kherson regions totals approximately 21,000 hectares. The agricultural holding is among the top five largest pork producers in Ukraine.

Serhiy Kasyanov remains the ultimate beneficiary of the holding company; through Olbis Investment LTD SA, he owns 47.83% of the shares, while 47.57% of the shares are freely traded on the Warsaw Stock Exchange.

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USDA has raised its forecast for Ukraine’s wheat harvest to 23.5 mln tons

In its June report, the U.S. Department of Agriculture (USDA) raised its forecast for Ukraine’s wheat production in the 2026/27 marketing year (July–June) to 23.5 million tons from 23 million tons, as projected a month earlier, and also increased its export estimate from 13 million tons to 14 million tons.

In the June World Agricultural Supply and Demand Estimates (WASDE) report, USDA analysts attributed the forecast revision for Ukraine to favorable weather conditions in the spring.
According to the U.S. Department of Agriculture, the upward revision of the forecast for Ukraine was one of the factors behind the increase in the forecast for global wheat production in the 2026/27 marketing year from 819.1 million tons to 820.1 million tons. Global wheat trade was also revised upward—from 211.7 million tons to 212.0 million tons.

In addition, the USDA raised its forecast for Ukraine’s barley harvest in the 2026/27 marketing year by 300,000 tons—from 5.5 million tons to 5.8 million tons, as expected a month earlier.
The export estimate was also increased by the same 300,000 tons, which, together with other grains excluding wheat and corn, currently stands at 2.49 million tons.

As for the corn harvest forecast, analysts at the U.S. Department of Agriculture left it unchanged at 30 million tons this year, compared to 30.9 million tons last year. Corn exports from Ukraine are expected to reach 23 million tons, the same as a month earlier.
As reported, in its May report, the USDA published its first forecast for Ukraine for the 2026/27 marketing year, estimating the wheat harvest at 23 million tons, exports at 13 million tons, and corn production and exports at 30 million tons and 23 million tons, respectively.

As reported, Ukraine’s Ministry of Economy, Environment, and Agriculture forecasts the 2026 grain harvest at around 60.4 million tons, which is only 1%, or 0.64 million tons, less than last year. According to preliminary estimates by the Ministry of Economy, the harvest of key crops could amount to about 22.4 million tons of wheat, about 4.7 million tons of barley, and approximately 31.6 million tons of corn.

According to data from the State Statistics Service of Ukraine, the wheat harvest in Ukraine in 2025 increased by 3.6% to 23.34 million tons, the corn harvest by 14.6% to 30.9 million tons, while barley production decreased by 2.4% to 5.2 million tons.

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Experts Club analyzed wheat cultivation indicators worldwide from 1990 to 2026

The information and analytical center Experts Club presented a video analysis of the dynamics of wheat cultivation worldwide for the period from 1990 to 2026, prepared on the basis of comparative data on wheat production in the main producing countries.

According to available data, global wheat production in the countries included in the analysis increased from about 591.3 million tonnes in 1990 to an estimated 816.4 million tonnes in 2026. Thus, over 36 years, the volume of production increased by approximately 225 million tonnes, or by 38%.

At the same time, the highest indicator in the available data set was recorded in 2025 — about 831.9 million tonnes. The forecast indicator for 2026 is lower — 816.4 million tonnes, which may indicate a partial correction after the high harvest of the previous year, but the overall long-term trend remains upward.

Experts Club notes that the video format makes it possible to visually trace not only the growth of global wheat production, but also the change in the geography of the main producers. If in the early 1990s the largest producers included the USSR, China, the United States, India, France and Canada, then in the current structure the leading positions are occupied by China, India, Russia, the United States, France, Canada, Australia, Pakistan and Ukraine.

According to FAO and USDA data, in 1990 the largest volume of wheat production was accounted for by the USSR — about 101.9 million tonnes, China — 98.2 million tonnes, the United States — 74.3 million tonnes, India — 49.8 million tonnes, France — 33.3 million tonnes and Canada — 32.1 million tonnes. The combined share of the ten largest producers at that time was about 77% of the global indicator.

In 2026, according to available data, China remains the largest wheat producer — about 141 million tonnes. India ranks second — 121 million tonnes, and Russia ranks third — 86 million tonnes. They are followed by the United States — 42.5 million tonnes, France — 36 million tonnes, Canada — 35 million tonnes, Australia and Pakistan — 30 million tonnes each, Ukraine — 23 million tonnes, and Germany — 21.5 million tonnes.

The share of China and India in global wheat production increased significantly during this period. If in 1990 these two countries accounted for about 25% of global production, then in 2026 they already account for more than 32%. This reflects the long-term strengthening of Asia’s role in the global food system.

“Wheat remains one of the basic indicators of food security. Over the past decades, we have seen not only an increase in global production, but also a gradual shift in the centers of agricultural weight. China and India have become key producers, while the countries of the Black Sea region have significantly strengthened their influence on the international grain market,” said Maksym Urakin, founder of the information and analytical center Experts Club and Candidate of Economic Sciences.

Ukraine plays a separate role in the modern production structure. According to available data, after Ukraine appeared as a separate statistical unit in the early 1990s, wheat production amounted to about 19.5 million tonnes in 1992. In 2021, the indicator reached more than 32 million tonnes, after which it declined due to the war, logistical restrictions, mined territories, changes in the structure of sown areas and the loss of part of production capacity.

In 2024, wheat production in Ukraine was estimated at approximately 23.4 million tonnes, in 2025 — 24.1 million tonnes, and in 2026 — about 23 million tonnes. Despite difficult conditions, Ukraine remains among the ten largest wheat producers in the world and retains strategic importance for the global grain market.

The data also indicate changes in the position of the United States. In 1990, the United States produced more than 74 million tonnes of wheat and was one of the three largest producers in the world. In 2026, its indicator stands at about 42.5 million tonnes. This does not mean a loss of U.S. agricultural potential as a whole, but reflects structural changes in agriculture, competition with other crops and a change in the global production balance.

Russia, which has been reflected separately in statistics after the collapse of the USSR, has become one of the key wheat producers in the 21st century. According to available data, in 2025 its production was estimated at approximately 90.3 million tonnes, and in 2026 — 86 million tonnes. At the same time, the countries of the former USSR as a whole remain an important center of global grain production.

“The global wheat market has become much more multipolar. If previously several major producers played the key role, now several regions at once are critically important for food stability — Asia, North America, Europe, the Black Sea basin and Australia. Any climatic, logistical or military-political risks in one of these regions quickly affect global prices,” Urakin emphasized.

Experts Club draws attention to the fact that when analyzing wheat, it is important to distinguish between absolute production volumes, export potential and domestic consumption. China and India are the largest producers, but a significant part of their harvest is used on the domestic market. Instead, Ukraine, Russia, Canada, Australia, the United States and France have a significant influence specifically on international wheat trade.

The center’s analysts note that the further dynamics of wheat production will depend on several key factors: climatic conditions, access to fertilizers and seeds, energy costs, the state of logistics infrastructure, trade restrictions, war risks and state policy to support the agricultural sector.

According to Experts Club’s assessment, long-term visualization of wheat cultivation indicators makes it possible to better understand how the global food system has changed since 1990, which countries have strengthened their positions and why grain production remains one of the key elements of economic and political security.

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