News archive

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17 September 2021

Astarta-Kyiv to invest $50 million in deep soybean processing

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Astarta-Kyiv, a Ukraine-based agroholding, wants to produce soy protein concentrate on its soybean processing plant in the Poltava region. The company will invest about $50 million in the construction of a deep processing line with annual production capacity of 100,000 tonnes of soy protein concentrate. The project is to be implemented within two...

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15 September 2021

Rusagro to extend farmland up to 1 million hectares

Rusagro, a Russia-based agroholding, plans to extend its farmland area up to 1 million hectares in the mid-term perspective. Today the company operates 538,000 hectares. Also, Rusagro wants to raise its annual pork production up to 400,000 tonnes in live weight using its existing capacities. In 2020, the company produced 308,000 tonnes of pork in...

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15 September 2021

MHP acquired beef production company

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MHP, Ukraine’s largest poultry producer, has acquired a 51% stake in Lubnymyaso, Ukrainian beef production company. The acquired company operates a plant with daily production capacity of 25,000 tonnes of beef meat. Net asset value of Lubnymyaso has been estimated at $1.53 million. Previously, the company used to supply beef to MHP’s countrywide...

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13 September 2021

Sibagro acquired another pig farm

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Sibagro, a Russia-based agroholding, has acquired a pig farm in the Kursk region at an auction. The worth of the deal was $12.36 million. The farm has one-time maintaining capacity of 77,000 pigs and produces 15,000 tonnes of pork annually. Back in 2020, a local court initiated bankruptcy proceedings against the farm. With this acquisition, Sibagro...

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13 September 2021

MHP posts net profit of $232 million for H1 2021

MHP, Ukraine’s largest poultry producer, received net profit of $232 million in January-June 2021 (H1 2021), as compared to net loss of $62 million in H1 2020. Within the reporting period, MHP’s revenue rose 14% to $989 million, of them 51% or $502 million accounted for export revenue. Operating profit increased 85% to $255 million, while gross...

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10 September 2021

Ukrprominvest-Agro started sugar season

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Ukrprominvest-Agro, a Ukraine-based agroholding and large-scale sugar producer, reports to have started 2021 sugar season. The company is currently harvesting sugar beets on 14,000 hectares in the Vinnytsia region. The first batch of sugar beets has already been delivered to a local sugar factory operated by Ukrprominvest-Agro. The company expects...

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10 September 2021

KSG Agro started harvesting sunflower

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KSG Agro, a Ukraine-based agroholding, has started harvesting sunflower on the farmland area of 7,240 hectares in the Dnipropetrovsk region. The provisional results presented by the company show that sunflower yields have almost tripled to 2.8-3 tonnes per hectare this year as compared to last year. KSG Agro plans to sow wheat and barley on the...

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09 September 2021

Continental Farmers Group finished harvesting winter crops

Continental Farmers Group (CFG), a Ukraine-based agroholding operating 195,000 hectares of farmland in the western part of the country, has finished harvesting of winter crops from the farmland area of 89,200 hectares. In total, the company has harvested 459,400 tonnes of winter wheat, winter barley, and winter rapeseed. Winter wheat has been...

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08 September 2021

IMC founder increased his stake in company

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A founder and major shareholder at Ukraine-based agroholding IMC Oleksandr Petrov has increased his stake in the company 0.14% to 80.28%. In particular, he has acquired 46,900 shares of IMC at a price of about $7.94 per share. The total worth of the deal was about $372,400. Previously, IMC has reported that its net profit almost tripled to $77.4...

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07 September 2021

Resource Group might lease poultry factory

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Resource Group, a Russia-based agroholding, has recently applied to the Federal Antimonopoly Service of Russia to lease the production capacities of a poultry factory in the Samara region. The factory was launched back in 2011 and can produce up to 140,000 tonnes of poultry meat annually. Currently, the facility is operating below its capacity and...

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