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 >

09.12.2022  
20:32 Record India Soybean Meal Premiums Disrupt Trade Flows
04.12.2022  
17:09 Global cereal production and trade forecast to fall to three-year lows
17:06 45 countries need external assistance for food
16:37 Global food prices overall hold steady in November
01.12.2022  
04:16 Cargill announces acquisition of Owensboro Grain Company
03:14 FAO and Pacific nations weigh local innovations as solutions to growing climate and nutrition challenges
02:37 Global Environment Facility tasks FAO and IFAD to lead new $230 million agrifood systems transformation program
02:15 Cargill Appoints Brian Sikes as President and Chief Executive Officer, and Dave MacLennan as Executive Chair of the Board
23.11.2022  
05:44 Australia sugar production for 2022/23 is estimated to rise slightly to 4.4 MMT
21.11.2022  
07:54 U.S. provides up to $20 mln for Grain from Ukraine initiative
07:25 Grain from Ukraine program foresees provision of at least 5 mln people with grain until end of spring 2023
16.11.2022  
10:02 World sugar production - 179.6 million tonnes - FAOs preliminary forecast
15.11.2022  
20:11 Rice. The 2022/23 global harvest is still envisaged to remain at an overall average level of 512.6 million tonnes
19:38 World wheat production is forecast to reach a record 784 million tonnes in 2022/23,
19:32 Alarming signs as the global food import bill set to rise to nearly US$2 trillion due to higher prices
10.11.2022  
13:35 Conflict on the Black Sea: a review of Ukraine sunflowerseed
08.11.2022  
08:12 Ukraine: FAO reinforces its presence to optimize technical and humanitarian assistance
02.11.2022  
09:52 Pork. Global production is forecast to rise 1 percent in 2023 to 111.0 million tons as production in China increases
09:33 Turkey raises tariff on imported sunflowerseed
09:24 India: The FSSAI's 2021 Draft Amendments to the Approval of Non-Specified Food and Food Ingredients Regulation is now a Final Amendment in 2022
31.10.2022  
08:00 New $250 million USAID grant will boost FAOs efforts to strengthen global health security and agrifood systems
07:45 Global market overview onions
28.10.2022  
07:00 China: Worlds Largest Walnut Producer Turns to Exports
27.10.2022  
08:44 Credit Union Member Farmers in Ukraine Receive Free Fuel Through Worldwide Foundation for Credit Unions Program
24.10.2022  
13:37 EBRD commits up to EUR3 billion to Ukraine
21.10.2022  
17:00 European Commission and EIB initiate feasibility study to better connect Ukrainian and Moldovan railway networks with EU
14.10.2022  
20:15 EBRD and United Kingdom join forces to back Ukrenergo
20:11 Canada and EBRD join forces to support Ukraines Naftogaz
12.10.2022  
21:03 Strong Farmer Selling Sparks Argentina Exports
20:32 EU Corn Imports Remain High with Smaller Crop
10.10.2022  
19:54 Inflation in Ukraine up to 1.9% in Sept, to 24.6% in annual terms - statistics
09.10.2022  
10:54 Turkey Peach and Nectarine Prospects Continue to Ripen
09:32 EU27 sugar production for MY 2022/23 is forecast at 16 MMT
07.10.2022  
11:35 World Bank improves forecast for growth of Ukrainian economy in 2023 to 3.3%
11:17 Asia-Pacific countries urged to rapidly transform agrifood systems as hopes fade for achieving the Sustainable Development Goals by 2030
11:11 Lower forecasts for 2022/23 global cereal output, utilization and trade
11:05 FAO Food Price Index drops for the sixth consecutive month
10:26 How sustainable forest management can enhance the worlds biodiversity
05.10.2022  
10:22 Turkeys pistachio production in MY 2022/23 is forecast to increase year-over-year to 210,000 MT
04.10.2022  
20:05 World Bank improves forecast for growth of Ukrainian economy in 2023 to 3.3%
12:11 Tackling food loss and waste: A triple win opportunity
28.09.2022  
08:47 EBRD expects Ukraines economy to contract by nearly a third in 2022
27.09.2022  
15:48 Farmers sowed 961,000 hectares of winter rapeseed
13.09.2022  
07:03 China vegetable oil imports plunge in 2021/22 but forecast to recover in 2022/23
05:00 India Imposes Export Restrictions on Certain Types of Rice
08.09.2022  
16:43 Famine in Somalia projected, lives of millions of people are at immediate risk, UN says
05.09.2022  
19:00 Lower cereal production outlook underpins downward revisions for utilization and stocks in 2022/23
18:55 World food commodity prices dip for fifth month in a row in August
31.08.2022  
08:55 BASF and Corteva Agriscience collaborate to deliver the future of weed control to soybean farmers
29.08.2022  
23:37 Ukraine and Moldova abolish permits for intl cargo transportation from Sept

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 -2022 © Agrarika, ltd.
tel.: +380 44 5934543; +380 44 5934540
e-mail: client@agroperspectiva.com