News archive

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03 December 2021

MHP to pay $30 million in dividends

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MHP, Ukraine's largest poultry producer, is going to pay one-time special dividends to its shareholders in December 2021. The total volume of payments is estimated at $30 million ($ 0.2803 per share). Earlier this year, MHP has paid $30 million in dividends for the year 2020. MHP operates 370,000 hectares of farmland across Ukraine, and controls...

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30 November 2021

Olzha Agro to export flax to Belgium

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Olzha Agro, a Kazakhstan-based agroholding, will start exporting flax to Belgium. The company has signed a respective agreement worth $16 million with a Belgian company Vandeputte. Olzha Agro mainly exports grains and oilseeds to the countries of Central Asia (Uzbekistan, Tajikistan, Afghanistan), Iran, Russia, and China. Olzha Agro operates a...

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26 November 2021

Kernel to boost sunflower processing

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Kernel, a Ukraine-based agroholding and leading sunflower oil producer, plans to process 3.8 million tonnes of sunflower in FY 2021/22 and therefore raise its oilseed processing volumes 18% as compared to the previous fiscal year. The key driver behind these expectations is record-high sunflower harvest this year countrywide. In Q1 FY 2021/22,...

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25 November 2021

Does board gender diversity improve firm performance? The case of Russian agroholdings

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Large scale farming is believed to contribute to ensuring global food security amid increasing demand for food worldwide. However, frequent financial problems among large agri-food producers might jeopardize local economies as well as global agricultural market due to their enormous size and their share in food production. Thus, obviously, not only...

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24 November 2021

MHP: net profit of $377 million in nine months 2021

MHP, Ukraine’s largest poultry producer, reports net profit of $377 million for January-September 2021, as compared to net loss of $109 million within the same period last year. Meanwhile, the company’s operational profit grew 114% to $416 million, and gross profit rose 78% to $573 million. In the reporting period, MHP’s revenue rose 16% to $1.6...

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23 November 2021

Astarta-Kyiv completed harvesting sugar beets

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Astarta-Kyiv, a Ukraine-based agroholding, has finished harvesting sugar beets. This year, the company has harvested 1.6 million tonnes of sugar beets, with the average yields of 47 tonnes per hectare and the average sucrose concentration of 17.03%. Currently, Astarta is delivering sugar beets to its sugar plants. This year, the company has already...

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22 November 2021

CFG doubled wheat exports to Saudi Arabia

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Continental Farmers Group (CFG), a Ukraine-based agroholding owned by SALIC, reports to have exported 121,000 tonnes of wheat to Saudi Arabia in 2021. The total volume of wheat has been acquired by Saudi’s public procurement entity Saudi Grains Organization (SAGO) and shipped in a single batch. Last year, CFG shipped 60,000 tonnes of wheat to Saudi...

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19 November 2021

Steppe: apple production up 43%

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Steppe Agroholding, Russia’s large-scale crop, raw milk, and horticulture producer, reports to have harvested 30,000 tonnes of apples this year, a 43%-increase as compared to the previous year. The key drivers behind output growth were favorable weather conditions and improving fruit trees nutrition. Steppe operates 751 hectares of apple gardens...

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19 November 2021

Sibagro invested $45 million in pork production

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Sibagro a Russia-based agroholding, has launched the third stage of its pig farm in the Novosibirsk region. Now, the facility is expected to raise the annual pork production 50% to 95,000 tonnes. The worth of investments in the third stage of the project is about $45 million. Sibagro wants to supply pork produced at the farm to the nearby Russian...

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18 November 2021

Danish investor bought over 5% of Kernel’s shares

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Kernel Holding SA, a Ukraine-based agroholding, has lately sold 5.02% of its voting rights attached to shares to a Danish investment company Lind Invest ApS. Currently, 39.16% of Kernel’s shares remain under control of its founder Andriy Verevskyi (Namsen Ltd), 3.84% of shares are treasury stock, and the remaining 54% of shares are owned by public...

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