Astarta increases sugar sales by 33% with price rise by 37% in Q4, 2020

Astarta, the largest sugar producer in Ukraine, in October-December 2020 increased sugar sales by 33% compared to the same period in 2019, to 81,180 tonnes with a 37% increase in its price, to UAH 13,240 per tonne.

As the company reported on the Warsaw Stock Exchange, sales of corn increased by 17%, to 294,560 tonnes, with a price increase of 19%, to UAH 4,860 per tonne, while wheat fell 81.8%, to 6,640 tonnes with a 34% rise in price, to UAH 5,590 per tonne.

Sales of sunflower seeds in October-December 2020 decreased by 38%, to 31,710 tonnes, soybean oil by 20%, to 8,510 tonnes, and soybean meal decreased by 12%, to 39,380 tonnes. At the same time, all these products also significantly increased in price, in particular sunflower by 22%, to UAH 10,160 per tonne, soybean oil by 49%, to UAH 25,490 per tonne and soybean meal by 51%, to UAH 12,700 per tonne.

According to the company, sales of milk in the fourth quarter of 2020 increased by 2%, to 22,230 tonnes with a price increase of 10% to UAH 11,310 per tonne.

The multiplication of these indicators leads to a sales volume of UAH 3.834 billion, which is 28.6% more than in the fourth quarter of 2019, in particular sugar sales increased by 82.1%, to UAH 1.075 billion, corn by 39.4%, to UAH 1.430 billion.

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).

As reported, the net loss of Astarta in the first nine months of 2020 amounted to EUR 4.72 million versus EUR 1.93 million of net profit in the same period in 2019.

Source: www.en.interfax.com.ua