Largescaleagriculture.com starts a series of publications on financial distress in big agricultural companies based on evidences from a number of countries. The financial problems of some of the largest Kazakhstan-based agroholdings Alibi, Ivolga, KazExportAstyk and Atameken-Agro have recently become a well-known fact due to a wide coverage in loc...

JBS, the largest beef producer in the world, improved its quarterly results on the US market despite corruption allegations against its owners in Brazil. Joesley Batista, one of the JBS owners and a former chairman of the board, was arrested for a second time on political corruption charges on Friday, November 9. As a result, JBS Brazil lost 4.1%...

Brasil Foods announced a net loss of R $ 812.5 million ($ 214.7 million in the third quarter (Q3) of 2018, a reduction of 48% compared to $ 415 million in Q2 2018. The company's net income equals R $ 8.8 billion ($ 232 million), 0.4% larger than in Q3 2017. Thus far, Brasil Foods is one of the world’s largest meat producers, operating in 140...

IMC, an agroholding operating 130,000 ha in three regions of Ukraine, declared a net profit of $ 32.1 million for January-September 2018, a 16.2% increase compared to the same period last year. The company’s revenue for the reporting period decreased to $ 81.4 million, while gross profit rose 17.7% to $ 60.2 million. EBITDA grew 18.3% to $ 50.6...

Cherkizovo Group, the largest meat producer in Russia, plans to launch a soybean processing plant in the Lipetsk region of Russia by 2020. The processing capacity of the plant is expected to reach 1,500 tonnes per day. The company plans to produce soybean meal and oil. The volume of the investment has not been disclosed yet.  Cherkizovo is engaged...