The currency was down massively against the dollar and all of the news about the country was negative. After traveling there and seeing for myself what was going on I knew that sentiment did not match reality. I began to look around for investments that would benefit once sentiment began to become more positive.
Ukraine has a huge agricultural industry and has tremendous potential for further growth. I began looking at publicly traded Ukrainian agricultural companies and found two that I ended up investing in. Astarta is one of the largest agricultural enterprises in Ukraine and is based in Kiev which is not affected at all by the war. The company is publicly traded in Poland and can be bought through Fidelity's international brokerage.
The company is up around 8% since I bought it. I look at Astarta as a long term investment in the continued development of Ukrainian agriculture. Here is a snippet of their most recent operational highlights:
- Sugar production increased to 505 thousand tonnes (+42% y-o-y)
- ASTARTA harvested over 2.6 million tonnes of sugar beet (+37% y-o-y) and 910 thousand tonnes of grains and oilseeds (+15% y-o-y)
- Milk production reached 106 thousand tonnes (+3% y-o-y)
- Globyno soybean processing plant produced 158 thousand tonnes of high-protein soybean meal (+8% y-o-y), 38.8 thousand tonnes of soybean oil (+14% y-o-y) and 11.7 thousand tonnes of husk (+17 y-o-y).
- Bioenergy complex generated over 15 million cubic meters of biogas (+43%)