Rusagro, a Russia-based agroholding, wants to sell its soybean processing plant Primorskaya Soya until 2021. The facility has been out of operation since late 2019. According to the report, the main obstacles to the operation of the enterprise were the high cost of raw materials, the low price of finished products, and reduction of demand due to...

Damate Group, the largest turkey producer in Russia, has acquired the claim rights over the loan of Russia’s former largest duck meat producer Donstar to Rosselkhozbank. Donstar has been out of operation since 2018 due to financial constraints: its total debt to creditors is estimated at $ 97.7 million. Of this amount, $92.4 million are liabilities...

Olzha Agro, a Kazakhstan-based agroholding, has completed its sowing campaign 73%. Given the company’s daily sowing capacity of 20,000 hectares, it is expected to complete field activities on the remaining 143,000 hectares of farmland in the upcoming week. According to Aidarbek Khojanazarov, CEO at Olzha Agro, humid weather conditions have slightly...

Russian consulting agency BEFL has released a new ranking of the top Russian agroholdings based on farmland area in operation. The 2020-list includes 61 large-scale agricultural producers operating 14.2 million hectares in total. Interestingly, 49 companies from the list have over 100,000 hectares under control, while the rest 12 companies operate...