ASTARTA published Annual Report for the year 2018

10.04.2019 15:15 "Agro Perspectiva" (Kyiv) — Consolidated revenues of the Group amounted to EUR 372 million with the agriculture segment as the main contributor to the Group’s financial performance, generating 34% of total revenues. Export was strong at 56% of total revenues. Despite unfavourable pricing environment for the sugar and the declining performance in 2018, the Company is well-prepared for 2019 and have cautious optimism. The Company revised its investment program, adjusted its sales policy and structure of expenses. ASTARTA has a cohesive team of professionals and a clear strategy reinforced by a strong position in the market.

Agriculture

The agriculture was the key contributor to the Group’s annual performance in 2018. The segment delivered the revenues of EUR 127 million (34% of consolidated revenues). Export was traditionally strong and provided for 80% of the total sales in volume terms. The company significantly improved yields of corn and sunflower and harvested historically high volume of crops of 1.065 million tons.

In the reporting period the Company continued the development of silo and transport infrastructure. In 2018, three newly-built elevators accepted and shipped in-house produced grain as well as provided services to the local partners. Launched in 2015 the silo investment program for the construction of 500 thousand tons of storage capacities will be completed this year. In addition, ASTARTA began the process of forming its own rolling stock, which will help optimize

logistics, especially during peak seasons.

Sugar

Revenues in the sugar segment were EUR 119 million (32% of the Group’s revenues). Average annual sugar sales price stood at EUR 328 that is 23% less y-o-y. In 2018 domestic sugar market remained oversupplied, pressing local prices to EUR 277 per ton on average (net of VAT). Trending downward since early 2017, global sugar prices dropped by another 27% to EUR 228 per ton in 2018. Still the company managed to secure strong level of export sales of 40% in volume terms. Almost 131 thousand tons of high-class white sugar were directed primarily to Uzbekistan, the EU, and Asia.

Soybean processing

In the reporting period the segment revenues stood grew by 2% to EUR 74 million (20% of the Group’s revenues) supported by favorable prices for soybean meal. A significant part of revenue was generated by export sales which stood at 77% in volume terms. In 2018 the Globyno processing plant processed over 215 thousand tons of soybean that secured second position in the Ukrainian market with an 18% share.

17.04.2024
	18:08	Ministry of Agrarian Policy and Food predicts this year’s harvest of grains and oilseeds at about 74 million tonnes
16.04.2024
	12:12	West Africa Cocoa Shortage Pushes Up Prices
11.04.2024
	23:48	U.S. Soybean Meal Exports Forecast at Consecutive Records in 2022/23 and 2023/24
	23:10	EU Wheat Exports Challenged by Russia’s Growing Dominance
	11:30	Country of origin of honey must be clearly visible on the label. EU honey traceability system to be developed
10.04.2024
	15:59	Commission starts setting up the Agriculture and Food Chain Observatory
	15:33	Commission approves ˆ2.2 billion German State aid scheme to support the decarbonisation of industrial processes to foster the transition to a net-zero economy
	13:17	Donau Soja urges EU for clarity on EUDR implementation
09.04.2024
	10:44	Ukraine remained the third source of EU imports in 2023, with a value of EUR 11.8 billion
06.04.2024
	10:04	World cereal output seen up in 2023/24
	09:55	FAO Food Price Index rises in March
05.04.2024
	10:04	Shellfish Crop Insurance Program Offers Oyster Producers Needed Protection from Environmental Challenges and More
03.04.2024
	23:01	Croatian horseradish root ‘Ludbreški hren' added to register of Protected Designations of Origin
02.04.2024
	10:15	FAO and chef Fatmata Binta announce new project to empower women fonio producers in Ghana
28.03.2024
	12:55	Council compromise on Ukraine ATMs – Only a half step forward in the right direction
	09:18	Commission approves amendment to Italian State aid scheme to support companies in Friuli Venezia Giulia in the context of Russia's war against Ukraine
26.03.2024
	10:55	Projected famine in Gaza: FAO urges immediate access to deliver urgent and critical assistance at scale. About 1.1 million people are experiencing catastrophic food insecurity
	08:44	EU makes major step forward in the delivery of 2024 humanitarian aid for Palestinians in Gaza*
25.03.2024
	16:17	Commission approves ˆ86.9 million Bulgarian State aid scheme to support farmers in the context of Russia's war against Ukraine
21.03.2024
	11:15	Commission takes action to boost biotechnology and biomanufacturing in the EU
20.03.2024
	11:13	Deal to extend trade support for Ukraine with safeguards for EU farmers
19.03.2024
	09:43	CAP - The Commission proposes simplifications that safeguard agricultural transitions!
18.03.2024
	23:10	The European Union and Switzerland launch negotiations to deepen bilateral relations
	10:05	Commission proposes targeted review of Common Agricultural Policy to support EU farmers
15.03.2024
	23:36	Cargill Power CanolaTM Program Helps Farmers Take Advantage of Growing Bioenergy Market Opportunities for Canadian Canola
	23:19	FAO will provide Ukrainian farmers with soybean and sunflower seeds for spring sowing campaign
13.03.2024
	23:27	FAO urges more cooperation in banana sector, significant for some least developed and low-income food-deficit countries and smallholder farmers
	16:51	The European Commission sets out key steps for managing climate risks to protect people and prosperity
12.03.2024
	20:25	Coreper and COMENVI approve the provisional agreement on EU Carbon Removal Certification Framework
	20:24	INTA MEPs fail EU producers by dismissing potential improvements to Ukraine ATMs
	08:10	Soybean meal is expected to be a more competitive feed ingredient on higher global supplies.
11.03.2024
	09:11	U.S. Corn Exports Shift Destinations as Brazil Captures China Market
08.03.2024
	15:20	Conflicts push acute food insecurity higher
	13:21	FAO Food Price Index declines further in February
	13:14	Packaging: Council and Parliament strike a deal to make packaging more sustainable and reduce packaging waste in the EU
	11:45	Commission approves ˆ61.3 million Bulgarian State aid scheme to support farmers, producers of grain and oil crops, in the context of Russia's war against Ukraine
07.03.2024
	20:41	First go-ahead to renewing trade support for Ukraine and Moldova
05.03.2024
	15:55	Commission proposes to prolong road transport agreements with Ukraine and Moldova and introduces updates to the agreement with Ukraine
02.03.2024
	07:31	Heroes of deserts and highlands: Nourishing people and culture
23.02.2024
	10:21	BASF’s financial strength supports proposed stable dividend of ˆ3.40 per share for the 2023 business year
	10:17	The Council has chosen to ignore farmers' concerns regarding Ukraine ATMs; it is now imperative for the European Parliament to take action
20.02.2024
	20:27	South Asia is anticipated to import nearly 14 million tons wheat in 2023/24
19.02.2024
	13:00	Cargill and ENOUGH expand partnership to provide consumers with innovative, sustainable protein options
17.02.2024
	17:47	Global Environment Facility approves new FAO-led projects and programs benefiting 46 countries
16.02.2024
	09:10	The EU is at a crossroads with the Ukrainian agricultural issue - COPA-COGECA, AVES, CEFS, CEPM, CIBE, EUWEP
13.02.2024
	17:31	European farmers exempted from rules on land lying fallow
12.02.2024
	16:45	India Wheat Stocks Plummet to Lowest in 15 Years
03.02.2024
	17:35	Mandarins. Global production for 2023/24 is forecast to rise to 38.0 million tons
	09:59	Record cereal output in 2023
	07:15	FAO Food Price Index down again in January led by lower wheat and maize prices