Kernel agroholding headed the November 2020 list of VAT refund recipients among the agri-food companies in Ukraine. In particular, Kernel’s subsidiary Kernel-Trade received $33.6 million in VAT refunds. Another agroholding, Nibulon, was ranked fourth having received a refund of $13,8 million. Kernel operates 530,000 hectares of farmland and is the...

AgroVista, a Ukrainian large-scale crop and livestock producer, has signed a deal with an American investment fund to receive a $10 million loan. The company will use the attracted investment to maintain liquidity and develop its trade and logistic activities. AgroVista operates 80,000 hectares of farmland and has one-time grain storage capacity of...

Cygnet, a vertically integrated Ukrainian agroholding, reports to have completed sugar season 2020 at its sugar plant. In 2020, the company produced 18,900 tonnes of sugar from 140,300 tonnes of sugar beets. This year’s season became the shortest in the history of the plant due to unfavorable weather conditions and, accordingly, declined sugar...

Cresud, an Argentina-based company engaged in large-scale agricultural and real estate business, has reported net profit of $2 million for Q1 FY 2021 (July 2020 – June 2021) in agribusiness segment, a 590%-decrease as compared to net profit of $13.8 million in Q1 FY 2020. Gross profit declined from $21.8 million to $24.6 million, while operating...