News of Ukraine

This year, sugar beet processing season for agricultural producers was better than for the enterprise, because if you grew a good crop, you could get 2-3 thousand dollars of net profit from each hectare of sugar beets last year. The deputy director of Gnidava sugar refinery, Oleksandr Nikishyn, said this in a comment, press service of the compeny reports. «Sugar beet is a good crop, its profitability f...

«Astarta-Kyiv» sugar segment 1H22 revenues increased by 5% y-o-y to EUR62m, with 16% y-o-y lower sugar sales volumes offset by 23% y-o-y higher prices. It is reported by press center of the company. Export volumes stood at 4kt, comprising 4% of total sales. Gross margin dropped by 14pp from 37% in 1H21 to 23% in 1H22 due to higher cost of sales. E...

Ukrsibbank, a Ukrainian associate of BNP Paribas Group, extends a USD8m loan to «Astarta». It is reported by press center of the company. As part of its efforts to boost food security in wartime Ukraine, the EBRD guarantees 60 per cent of the USD8m facility through an agreement with part...

If Gnidava Sugar Refinery had not diversified its production, the season would not have started at all. It is reported by press service of the enterprise. This year we have two problems — war and energy prices. In Europe, gas already costs more than USD2,000. If Gnidava sugar ref...

«Astarta-Kyiv»‎ attracted lending from one of the largest banks of Ukraine, «Oschadbank». The amount of the loan — UAH500 million. The purpose of the loan is to finance working capital needs in agriculture and sugar production. The company announced it on the Warsaw Stock Exchange. «Board of Directors of Astarta Holding N.V. reports that the State Savings Bank of Ukraine («Oschadbank») financed &laq...

Gnidava sugar refinery plans to launch its work at the beginning of September. Oleksandr Nikishyn, the company's deputy director for raw materials, said in a comment, press-service of the company reports. «We will start with farms that have more beets. Cle...

The 2022 sugar-refining season will have its own characteristics. This year, there is enough raw material in the beet cutting area of ​​Gnidava sugar refnery. The deputy director of Gnidava sugar refinery, Oleksandr Nikishyn, said, press-service of the company reports. «I want to assure our agricultural partners that we will process all raw materia...

Preparations for the 2022 season are underway at Gnidava sugar refinery so that the work starts on time, and agricultural partners do not have to worry about the future harvest. It is reported by Oleksandr Nikishyn, the deputy director of raw materials, press-service of the company reports. «Preparations for the 2022 season started the day after the en...

In the current 2021/2022 financial year (September 1, 2021 - August 31, 2022), Ukraine produced 1,450,000 tonnes of sugar, or 130.5% of the production of the previous financial year. Sugar was produced by 33 sugar factories. According to the sugar supply and demand balance calculated by the Ministry of Agrarian Policy and Food of Ukraine, the transitional balance at the beginning of the 2021/2022 marketing year is estimat...

In the second quarter of 2022, «Astarta-Kyiv» agri-industrial holding sold 14% more sugar than in the first quarter. It is stated in the company's press release published on the Warsaw Stock Exchange. During the specified period, «Astarta» sold 63.1 thousand tonnes of sugar, while it is noted that...