ASTARTA Completed Processing Imported Raw Cane Sugar

ASTARTA completed the processing of contracted imported raw cane sugar at the Yareskivsky Sugar Plant. The output amounted to 73.4kt of white sugar, which meets the high-quality category by European standards. 100% of all sugar from raw cane products are already contracted.

Valery Sokolenko, Executive Director, ASTARTA-KYIV:

“The Company’s decision to import and process raw cane sugar was the right call. By creating reserve stocks of sugar, we managed to stabilise the situation in the market in Ukraine, prevent shortages during peak consumption and ensure sufficient supply to our consumers before the new harvest.
Such steps have allowed the Company to better utilise its production capacities, create jobs and increase tax revenues to the state and local budgets. “

Meanwhile, the agricultural subsidiaries of the Company started harvesting sugar beets, with a total area under the crop of 33.4kha.

Harvesting started later than usual due to cold and rainy spring this year. Still, the works will be done within the optimal time. The phytosanitary condition of sugar beets is good.

In total, five sugar plants will be in operation in the 2021 production season. Zhdanivsky Sugar Plant will be the first to start accepting sugar beets for processing on September 15. Narkevytsky and Yareskivsky sugar plants will be start production in the third decade of September, and from early October – the Novoorzhytsky and Globinsky sugar plants.