24 July 2017
The company slightly increased y-o-y volume of its sugar sales and because of high stock as of beginning of reporting period significantly increased its grains realization.
As a reminder, taking into account logistics problems in the last months of Y2016, in Q4 2016 sales of grains of the company have been much lower vs. planned, which resulted in large grains stocks as of 31.12.16 (EUR 90.7M, two times higher vs. 31.12.15). As a result, total Astarta grains sales volume in Q1 2017 grew y-o-y by more than two times and made 270k tons.
In Q2 Astarta sold remaining stock of Y2016 crops – volume of grains sales made 189k tons (vs. 56k tons in Q2 2016), main part of it – corn.
In Q2 2017 sugar sales by the largest Ukrainian sugar producer made 81.2k tons (vs. 141.5k tons in previous quarter and 75k tons in corresponding of previous year), quarterly sales dynamics of the company during last period of time looked as follows:
We note that if in Q1 2017 export share of total Astarta sugar sales made more than 70%, in Q2 it is estimated to fell considerably (total Ukrainian sugar export in Q1 made 267k tons, in Q2 – 126k tons).