Business news from Ukraine

UKRAINE PRODUCED 480,300 TONNES OF SUGAR BY NOV 2

Sugar production in Ukraine as of November 2, 2020 amounted to 480,300 tonnes.
According to a report on the website of the National Association of Sugar Producers Ukrtsukor, as of this date, 30 sugar refineries were operating in the country, which processed 3.66 million tonnes of sugar beet.
As reported with reference to Ukrtsukor, the sugar beet processing season started in the country on September 5.
Sugar production in Ukraine in 2020 is projected at 1.2 million tonnes, which is 15% less than a year earlier. It is expected that 33 sugar refineries will operate this season – the same number as last year.
According to the State Statistics Service, in 2020, the area sown with sugar beet amounted to 218,900 hectares – at the level of last year.

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UKRAINE PRODUCES 170,000 TONNES OF SUGAR BY OCT 12

Sugar production in Ukraine as of October 12, 2020 amounted to 168,400 tonnes.
According to a report on the website of the Ukrtsukor National Association of Sugar Producers, as of the indicated date 20 sugar factories were operating in the country, which processed 1.25 million tonnes of sugar beets.
As reported with reference to Ukrtsukor, the sugar beet processing season in Ukraine started on September 5.
Sugar production in the country in 2020 is projected at 1.2 million tonnes, which is 15% less than a year earlier. It is expected that 33 sugar factories will operate this season, at the level of last year.
According to the State Statistics Service, in 2020 the area sown with sugar beets amounted to 218,900 hectares, at the level of last year.

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UKRAINE PRODUCES 92,600 TONNES OF SUGAR BY OCT 2

Sugar production in Ukraine as of October 1, 2020 amounted to 92,600 tonnes.
According to a report on the website of the Ukrtsukor National Association of Sugar Producers, as of this date, 15 sugar factories were operating in the country, which processed 719,000 tonnes of sugar beets.
As reported with reference to Ukrtsukor, the sugar beet processing season in Ukraine started on September 5.
Sugar production in the country in 2020 is projected at 1.2 million tonnes, which is 15% less than a year earlier. It is expected that 33 sugar factories will operate this season, at the level of last year.
According to the State Statistics Service, in 2020, the area sown with sugar beets amounted to 218,900 hectares, at the level of last year.

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LARGEST SUGAR PRODUCER IN UKRAINE HAS INVESTED $71 MLN IN DEVELOPMENT OF GRAIN INFRASTRUCTURE SINCE 2014

Astarta agricultural and industrial holding, the largest sugar producer in Ukraine, has invested $71 million in the development of grain infrastructure under the Grain of Astarta investment program launched in 2014. According to a posting of the company on its Facebook page, over the past two years Astarta build four silos in Poltava region and bought Krasyliv silo in Khmelnytsky region.
“The grain infrastructure development program, launched by the company in 2014, has so far been implemented in the form of seven modern (both newly-built and modernized) silos with a total capacity of 550,000 tonnes, as well as its own fleet of 200 railway cars,” the agricultural holding said.
In general, since the beginning of the program, the company has invested $71 million in this direction.
“Starting Grain of Astarta as a program for expanding facilities for our own needs, we have reached the level of providing services and developing eco-systems that are formed around our infrastructure facilities. And we do not stop there. We see great prospects for development and are considering new partnership projects in Chernihiv and Poltava regions,” Astarta Executive Officer Valeriy Sokolenko said.
Astarta is a vertically integrated agribusiness holding operating in eight regions of Ukraine. The holding includes eight sugar factories, agricultural enterprises with a land bank of 243,000 hectares and dairy farms, a biogas plant and a soybean processing complex in Poltava region.

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LARGEST SUGAR PRODUCER INCREASES SALES BY 13%

Astarta agro-industrial holding, the largest sugar producer in Ukraine, increased sugar sales by 13% in April-June 2018 compared to the same period in 2017, to 91,740 tonnes, the company said on the Warsaw Stock Exchange.
According to a press release, sales of corn fell by 5%, to 97,990 tonnes, wheat from 80,710 tonnes to 1,510 tonnes, barley from 4,310 tonnes to 70 tonnes, whereas sunflower rose by 3.3 times, to 25,920 tonnes.
Sales of soybean oil decreased by 14%, to 9,240 tonnes, soybean meal by 11%, to 35,880 tonnes, milk by 1%, to 26,410 tonnes.
The company says that at the same time average sugar prices for this period decreased by 23%, those for wheat by 16%, for soybean oil by 2%, for corn increased by 14%, for sunflower and milk by 11%, for soybean meal by 15%.
Taking into account the given data, the total sales of these products by Astarta in the second quarter of this year amounted to UAH 2.5 billion, which is 10.9% less than in the second quarter of last year.

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LARGEST SUGAR PRODUCER TO OPEN THREE NEW SILOS IN POLTAVA REGION

Astarta agroindustrial complex, the largest sugar producer in Ukraine, in July will launch three grain storage complexes in Poltava region: Yareski grain silo (with the capacity of 100,000 tonnes), Lutovynivka grain silo (100,000 tonnes) and Skorokchodove grain silo (30,000 tonnes)
According to the press release of the company, total CAPEХ for the projects was around EUR 32 million.
“Two intake lines with 150 mt/hr capacity each are in operation at Yareski and Lutovynivka silos and one 150 mt/hr line at Skorokchodove silo. All are equipped with an automatic control system and necessary transport infrastructure,” the company said.
The new silos are to operate starting from this harvesting campaign. New facilities are aimed to cover both Astarta subsidiaries’ and local partners’ needs.
With the launching of these three silos, Astarta’s grain storage investment program (started in 2015 aiming at over 500,000 tonnes) is around 70% fulfilled. Thus, the company operates five modern grain silos in Poltava, Vinnytsia and Khmelnytsky regions and plans to undertake further steps aimed at meeting the mentioned program target.

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