Sugar market news from Kazakhstan, Ukraine, Azerbaijan, May 22, 2020

Latest news are available in our daily reports.

KAZAKHSTAN

As of May 21, 2020, the sowing of sugar beets was carried out on an area of 20.5 thousand ha or 93.2% of the plan, according to the operational data of the Ministry of Agriculture of the Republic of Kazakhstan.

AZERBAIJAN

According to Goskomstat (the State Statistics Committee), as of May 1 of this year, the area of cultivation of sugar beets amounted to 4.7 thousand hectares.

UKRAINE

ASTARTA Company has published a quarter report for 3 months of 2020. Sugar segment revenues rose 46% YoY to EUR 29 million due to higher sales and higher selling prices up to EUR 352/MT compared to EUR 316/MT in Q1 2019. The segment's EBITDA increased to 3.4 million Euros compared to 2 million Euros in the 1st quarter of 2019.

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