News of Ukraine


Astarta's sugar production segment increased revenue by 39%

Astarta's sugar production segment showed a robust performance in 1H23, with revenues boosted by 39% y-o-y to EUR86m. More robust results reflected 25% y-o-y higher sugar sales volumes of 120kt and a 13% y-o-y higher selling price of EUR693/t It is reported by the company in its report. Exports of sugar and sugar-by products contributed 26% of segment revenues in 1H23 vs. 5% in 1H22. The Ukrainian government suspended white sugar exp...


Ukraine started new sugar-refining season of 2023/2024 MY

Ukraine began new 2023/2024 season of harvesting and processing sugar beets. According to official data, two sugar factories started sugar beet processing. One of them is located in Vinnytsia region, and the other — in Cherkasy region.


German Pfeifer & Langen buys the sixth sugar factory in Ukraine

The Antimonopoly Committee of Ukraine has started consideration of the case of concentration in form of acquisition by «Radehivskyi Sugar» LLC of the assets of «Gnidava Sugar Refinery» private joint-stock company, which ensure the implementation of white (beet) sugar production. It is reported by press service of AMCU. The owner of «Radehivskyi Sugar» LLC is German company Pfeifer & Langen. It also owns four sugar factories in Ternopil region...


«Astarta» supplied 50,000 tonnes of sugar to European market

During 2022/2023 marketing year, in conditions of limited logistics capabilities, «Astarta» supplied 50,000 tonnes of sugar to European market, maintaining its leading position among Ukrainian exporters. It is reported by press center of the company. «Due to a well-built reputation, transparency and sustainability of business, we were ready to integrate into European market with both our...


«AgroVista» increased sugar beet profitability to $800 EBITDA/ha

Sugar beet will slightly decline in profitability, but in the next year or two the crop will be more profitable than sunflower. Pavlo Fesyuk, the director of «AgroVista» holding, told about it in an interview for AgroPortal. According to him, last year, sugar beet surprised the company the most: «We receiv...


«Svyatets» LLC: sugar beet clearly justifies investments in it

In Khmelnytsk region, «Svyatets» enterprise has been growing sugar beets for a long time. When «Astarta» modernized sugar factories and established partnership with farmers, sugar beet became an unchanging culture. This year, 300 hectares of beets were sown here. Vasyl Mostiy, the head of «Svyatets» LLC, told AgroPortal about it. «Last year and the year before, sugar beet was a profitable crop, but weather conditions and financial sit...


«Astarta» and «Ukrnafta» Signed a Fuel Contract

«Astarta» signed a fuel contract with «Ukrnafta» according to which the latter will supply petroleum products to the Company in 2023. It is reported by press-center of the company. «During the full-scale war a guaranteed energy supply is the key condition for growing agricultural production and securing food for Ukrainians....


«Astarta» expanded the area under irrigation to 1,000 ha

This year, «Astarta» expanded the area under irrigation to 1,000 hectares. The company reports about it on its Facebook page. The project is being implemented by «Poltavazernoprodukt» LLC. Five more sprinklers were added to the three sprinklers. For this...


«Ukrprominvest-Agro» doubled sugar beet sowing areas

Last year, sugar beet showed the best marginal indicators compared to other crops, and this trend continues in 2023. Roman Ogorodov, the business manager of «Ukrprominvest-Agro», told about it in a comment on Latifundist.com. The company notes that the areas under beets as part of the partner program «Sugar beet — a smart choice!» increased from 8 thousand hectares to 17.3 thousand hectares. In ge...

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