Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   
 


Home > News

ASTARTA Started Raw Sugar Processing

14.05.2021 14:15 "Agro Perspectiva" (Kyiv) ASTARTA started production of sugar from raw cane sugar.

The processing volumes contracted by the Company for the next three months of the 2021 calendar year amount to 60 kt. Yareskivsky Sugar Plant will process raw sugar.

Victor Ivanchyk, Founder and CEO, agri-industrial holding ASTARTA-KYIV:

«ASTARTA’s business philosophy is based on the Company’s active presence in the market and steady sale of sugar throughout the year. The focus is on our consumers and buyers. And the Company’s task is to ensure sustainable cooperation and supply of products when they need them.

This year, the sugar market is experiencing high volatility, caused by rising global prices for all raw materials, including sugar, as well as the uncertainty for the market participants whether supplies will be sufficient until the new harvest.

As a socially responsible company, we decided to create a reserve stock of sugar in the interest of our consumers, ensure food security and stabilize product prices in Ukraine amid projected price growth globally in the medium term.

Such a step will also help the Company to prevent the situation faced in September last year. There was a temporary shortage of sugar as stocks ran out as the new sugar beet processing season began one month later than usual due to adverse weather conditions. The yield of sugar beets in 2020 was the lowest in recent years (42.5 t/ha). The same can be said about the sugar content (16.14%). All these factors contributed to the rise of prices which led to the Antimonopoly Committee of Ukraine launching an investigation of the situation.

We believe that in the next marketing year, which begins on September 1, further import of raw sugar is impractical. After all, Ukrainian producers and existing production facilities can fully supply the domestic market with their high-quality sugar made from sugar beets grown in Ukrainian fields.»

The available data and calculations by independent market analysts give us reason to hope that the amount of sugar available in Ukraine will be fully sufficient for the domestic market and meet consumer demand until the beginning of the next season of sugar beet processing. Current harvest data for the 2021 season is optimistic. Therefore, it would be sufficient to import and process no more than 100–120kt of raw sugar, only for the purpose of creating stocks, as an insurance against potential adverse weather conditions.

Such conclusions are confirmed by specialists of the scientific and practical centre of sugar beet production of Ukraine, who lay out three scenarios for the sugar industry in Ukraine in the 2021/22 marketing year.

Agro Perspectiva

< For the MY 2021/22 forecasts Bangladeshs rice production to increase, assuming friendly weather and increased yield All news for
14.05.2021
CNH Industrial announces subsidiary notes offering >

02.12.2021  
15:30 BASF Agricultural Solutions to launch Global Carbon Farming Program enabling farmers to reduce their CO2 emissions
14:25 FAO Food Price Index rises in November
01.12.2021  
17:20 The Turkish cotton crop for MY 2021/22 is forecast at 825,000 metric tons
29.11.2021  
12:21 In MY 2021/22 Chile will produce 220,000 metric tons of avocado
26.11.2021  
16:42 Bulgaria: Tree Nuts Annual
22.11.2021  
14:40 Sugar Production and Trade Rebound in Mexico
17.11.2021  
14:05 Africas Great Green Wall gives viable return on investments, FAO-led study finds
13:15 In 2022 milk production in the European Union 27 is forecast to increase to 150.45 MMT
16.11.2021  
17:59 Milk production in 2022 in Australia is forecast to increase moderately to 9.1 MMT
12.11.2021  
13:35 Bayer grows sales and earnings significantly
12:32 World food import bill to reach a record high in 2021
10.11.2021  
09:51 Argentina and Brazil: Inverse Corn Export Prospects in 2020/21
08.11.2021  
17:00 Supply chain joins deforestation and farming practices as main source of emissions in agri-food sector
14:35 Bulgaria. Rapeseed production in 2021/22 MY will increase to 376,000 MT
04.11.2021  
17:08 South Africas corn crop for the 2021/22 MY could once again top 16.0 MMT
15:48 Cargill completes US$100M cocoa processing expansion in Côte dIvoire, meeting growing customer demand for dark brown cocoa powders
15:25 Record cereal production and trade but stocks set to decline
15:21 World food prices reach new peak since July 2011
15:10 Poland: African Swine Fever Situation in Poland
28.10.2021  
12:53 Bulgaria. Currently, the main concern for farms is skyrocketing feed grain and energy prices
12:00 The Burmese Department of Agriculture expects farmers to cultivate 6.1 MHa of main rice crop
27.10.2021  
11:05 BASF with continued strong performance in Q3 2021. Considerable sales growth of 42% to 19.7 billion
26.10.2021  
15:00 NBU keeps key policy rate at 8.5% per annum
14:52 FAS Cairo forecasts Egypts wheat imports in MY 2021/22 at 12.4 MMT
14:47 Global almond production for 2021/22 is forecast 8 percent lower to 1.6 MMT
25.10.2021  
12:47 U.S. Soybean Oil Premiums Evaporate on Lower Demand
13.10.2021  
15:47 U.S. soybean oil prices at the Gulf peaked at nearly $500/ton above South American port quotes in midJune but fell precipitously in July and August
13:34 India: Record Consumption and Strong Exports Lower Historically High Stock Levels
12:39 Ample Supplies Enable Australia Wheat Exports to Soar Again
12.10.2021  
15:47 Malaysia. CPO export is forecast to recover slightly to 16.5 million tons
14:47 After two decades of growth, EU chicken meat production is expected to decline by almost 1 percent in 2021
08.10.2021  
09:15 Record cereal output in 2021 still below consumption needs
08:55 FAO Food Price Index rises further in September
01.10.2021  
17:02 Mexicos wheat production in MY 2021/22 (July to June) is revised higher to 3.2 MMT
16:32 Indonesia Issues New Regulation on the Import of Meat
30.09.2021  
14:48 Philippine pork production in 2022 is forecast to stay flat at 1.0 MMT
13:05 Pakistan. The 2021/22 rice production forecast is reduced to 7.9 million tons
12:31 India Raises Basic Import Duty on US-Origin Lentils
19.09.2021  
11:00 G20 Agriculture Ministers: Agri-food systems are key to reducing inequalities, says FAO Director-General
14.09.2021  
15:25 India Allows GE Soybean Meal Imports in Response to Soaring Domestic Meal Prices
13.09.2021  
14:57 Cargill expands global pectin footprint with opening of $150 million processing facility in Brazil
12:45 ASTARTA Completed Processing Imported Raw Cane Sugar and Started Sugar Production Season 2021
06.09.2021  
17:38 World cereal supplies remain adequate despite lower production prospects
17:36 Global food commodity prices rebound in August
17:32 Finance Minister expects to keep inflation within 10%
31.08.2021  
18:32 Brazil. The cattle herd will grow four percent in 2021 and 2022
30.08.2021  
15:11 Mexico. Chicken production is estimated at 3.9 MMT in 2022
11.08.2021  
15:45 Bulgarian rapeseed production is forecast to rebound in MY 2021/22
15:25 Inflation in Ukraine up to 10.2% in July - statistics
15:05 Kernel intends to buy back up to 19.2 mln shares for $250 mln

Also available: 


NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2021 © Agrarika, ltd.
tel.: +380 44 5934543; +380 44 5934540
e-mail: client@agroperspectiva.com