News archive

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18 September 2019

Agroinvestgroup ready to restructure debts

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Agroinvestgroup, a Ukraine-based agroholding that went bankrupt in early 2019, is searching the opportunities to restructure its debts. The company is known to be involved in a fraud scheme which affected 60% of grain market players of Ukraine, both national and international.

Recently, the co-owner of Agroinvestgroup Vitalii Kucherenko announced...

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18 September 2019

Agroliga to generate energy from sunflower husk

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Agroliga Group, a Ukraine-based agroholding, completed construction of its new thermal power plant, designed to produce green energy from sunflower husk. The plant is expected to be launched by 2020. With this project, Agroliga will be able to avoid waste from sunflower production and to use generated energy for its production needs as well as to...

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17 September 2019

Ukraine: 1.2 million hectares of farmland under emphyteutic lease

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In the run-up to the launch of a full-fledged land market in Ukraine, planned for late 2019, the authorities reported that up to 1.2 million hectares from the total of 28 million hectares of farmland under moratorium are already under emphyteutic lease.

An emphyteutic lease agreement, which can be long-term or even unlimited, gives much more...

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16 September 2019

MHP to issue eurobonds worth $ 350 million

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MHP, Ukraine’s leading poultry producer, plans to issue eurobonds worth up to $ 350 million with expected annual return of 6.25% to be traded at London Stock Exchange. The eurobonds will have a maturity of ten years. So far, MHP holds 55% of the Ukrainian poultry market. The company increased its net profit 38% in Q2 of 2019, as compared to the...

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16 September 2019

Cherkizovo extended farmland to 300,000 hectares

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Cherkizovo, Russia’s leading meat producer, reports to have increase its farmland area from 287,000 hectares to 300,000 hectares. Such extension is due to recent farmland acquisitions in Penza and Lipetsk regions of Russia. In the current sowing campaign, Cherkizovo increased farmland under crops by 9,700 hectares to 174,800 hectares. The company...

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13 September 2019

Kernel to receive $ 120 million from EBRD

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Kernel, one of Ukraine’s largest agroholdings and the world’s leading producer of sunflower oil, will receive a $ 120 million loan from the European Bank of Reconstruction and Development (EBRD). Kernel will invest $ 80 million in working capital for the procurement, storage, transportation and sale of grains. The remaining amount of funds ($ 40...

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13 September 2019

AgroTerra to produce soybean seeds

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AgroTerra, a Russia-based agroholding, plans to launch a complete cycle of soybean seeds production in the Kursk region of Russia. The key driver behind this decision is demand for seed material of high quality due to a large share of soybeans in the company’s crop structure. So far, soybeans account for 35% (62,000 hectares) of AgroTerra’s total...

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12 September 2019

Agroton: sales of grains and oilseeds up 32%

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Agroton, a Ukraine-based agroholding, reports to have sold 50,000 tonnes of grains and oilseeds in the first half of 2019, a 32% increase as compared to the same period of 2018. In particular, the sales of wheat jumped 16 times to 13,800 tonnes and the sales of sunflower rose 40% and amounted to 18,900 tonnes. The sales of corn decreased 6.8% (653...

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12 September 2019

MHP to buy farmland after launch of land market in Ukraine

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MHP, a Ukraine-based agroholding, is interested in acquisition of farmland after the moratorium on farmland sales in Ukraine is lifted. However, the company expects no boom on land sales on behalf of farmland owners. Thus far MHP operates 370,000 hectares under land-lease agreements in several provinces of Ukraine.

The newly elected Ukrainian...

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11 September 2019

MHP: revenue up 36%

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MHP, Ukraine’s leading poultry producer, generated revenue of $ 946 million in January-June 2019, which is 36% higher as compared to the same period last year ($ 694 million). At the same time, net profit in the first half of 2019 amounted to $ 171 million, a 10% decrease compared to the first half of 2018. Operating profit of the company fell 17%...

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