Astarta agroindustrial complex, a large sugar producer in Ukraine, saw a 5.2-fold rise in net profit in 2016, reaching EUR 83 million. According to a financial report of the holding posted on the Warsaw Stock Exchange (WSE), its consolidated revenue last year rose by 17%, to EUR 369 million. Operating profit grew by almost 15.2%,…
Corn plantings in Ukraine may total 4.3 million ha in 2017. Corn was the most remunerative staple cereal crop in 2016, keeping farmers interested in its cultivation. However, the spring weather conditions cause some concerns about attainability of the target sown area. As of April 6, Ukraine has not yet started corn sowing. At the…
To date almost 60% out of planned 47 thousand hectares have been sown with sugar beet and 30% out of 32 thousand hectares with sunflower. The company plans to complete sowing of these crops in a few days and begin corn and soy sowing campaign. As of the beginning of the spring sowing campaign, ASTARTA…
Compared with December 2016, prices of most food products in Latvia increased in March. Prices declined only for imported strawberries, oranges and smoked ham in the first quarter of 2017, according to information from the Agricultural Market Promotion Center. The biggest price increase was noted for imported cucumbers (91%) – from 2.08 EUR/kg to 3.98…
Retail trade networks plan to adopt an honest reduced VAT rate for fresh vegetables, fruit and berries, as agreed upon by Agriculture Ministry, Latvian Traders Association and Latvian Federation of Food Enterprises. The ministry plans to submit a report to the government on the reduction of VAT to 5% on fresh vegetables, fruit and berries,…
The turnover of Orkla Foods Latvia reached EUR 29.9 million in 2016. 78% of the company’s turnover consisted of sales in Latvia and 22% of sales in export markets, the company reports. Last year, Orkla Foods Lativa invested EUR 1 million in production. The company also paid EUR 5.3 million in taxes in 2016. “In…
In Belarus agrarians planted early grains and pulses throughout the areas of 340.1 thousand ha, or 36.3% of the forecast, the Ministry of Agriculture and Food reported on April 4. It is noted that agrarians of all regions have already started the fieldworks. In particular, Gomel region planted early crops throughout 79.9%, Brest region –…