News archive

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17 July 2019

MHP: chicken meat exports up 43%

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MHP, a Ukraine-based agroholding, has exported 190,500 tonnes of chicken meat in the first half of 2019, a 43% increase compared to the same period last year. The main export destinations were the countries of EU, Middle East, Africa and Asia. Also, MHP has increased chicken meat production 15% to 353,600 tonnes in the first half of 2019, as...

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17 July 2019

KSG Agro: debt to LBBW down 63%

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A Ukraine-based agroholding KSG Agro and German Landesbank Baden-Wuerttemberg (LBBW) have signed a debt restructuring agreement. As a result, LBBW has written off a substantial part of the debt of KSG Agro, which dropped 63% from $ 9.3 million to $ 3.6 million. In total, LBBW provided KSG Agro with a loan of $ 12.9 million. As reported by KSG Agro,...

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16 July 2019

IMC to increase revenue 30%

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IMC, a Ukraine-based agroholding engaged in crop and dairy production, expects to receive $ 170.2 million revenue in 2019, which is 29.3% higher than in 2018 ($ 131.6 million). According to estimations, the company‘s revenue might decline to $ 160.5 million in 2020 and $ 167.9 million in 2021. EBITDA is expected to reach $ 56.7 million in 2019, a...

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16 July 2019

Agroliga started harvesting early crops

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Agroliga, a Ukraine-based agroholding, reported on a start of harvesting campaign. So far, the company has harvested 2,900 hectares of winter wheat from and 500 hectares of winter barley. The average yield of barley reached 5.3-5.9 tonnes per hectare. In the nearest time Agroliga plans to start harvesting spring barley. Agroliga operates 10,000...

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15 July 2019

Cherkizovo increased turkey meat price 22%

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Cherkizovo Group, the largest meat producer in Russia, increased the average selling price of turkey meat 22% in Q2 2019, compared to Q2 2018. The main reason behind the price increase is the reduction in turkey production by Cherkizovo 15% to 8,900 tonnes in Q2 2019, compared to Q2 2018.

Also, Cherkizovo increased the average selling price of...

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15 July 2019

BRF and Marfrig: merger canceled

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Brazil’s largest meat producers BRF and Marfrig announced to have stopped negotiations on potential merger. As reported by both parties, they were unable to reach an agreement on the issues related to a merged company’s governance. A potential deal would have allowed the merged company to become the world’s fourth largest meat producer with annual...

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12 July 2019

Misconduct in agroholdings: unprecedented grain fraud by Agroinvestgroup

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Just as the fuss over the default of a well-known Ukrainian agroholding Mriya faded away, the Ukrainian agribusiness was shaken by another fraud scandal. Having affected 60% of grain market players, both national and international, the issue is believed to be the biggest grain fraud in the history of Ukrainian agriculture. The present article...

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12 July 2019

Nibulon acquired 20 hopper cars

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Nibulon, one of Ukraine’s largest agroholdings, acquired 20 hopper cars for grain transportation with an average carrying capacity of 70.5 tonnes. The company has already started its first loading and transshipment operations using hopper cars.

Nibulon operates 82,000 hectares of farmland and has the second largest network of elevators in Ukraine....

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12 July 2019

KSG Agro to finish harvesting early crops

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KSG Agro, a Ukraine-based agroholding, plans to complete harvesting early wheat, barley and rapeseed in the nearest future. The area that the company has to harvest includes 8,300 hectares of wheat, 2,300 hectares of barley and 2,500 hectares of rapeseed. The average crop yields reached 3.8 tonnes/hectare. 25 combines and 67 vehicles for crop...

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11 July 2019

Dnipro Agro Group: harvesting campaign 2019 in progress

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Dnipro Agro Group, a Ukrainian agroholding engaged in grains and oilseeds production, has completed the harvest of barley and peas. The gross harvest of barley is 3,800 tonnes with the average yield of 49.2 tonnes/hectare, while the gross harvest of peas amounts to 1,100 tonnes with the average yield of 21.5 tonnes/hectare. At the same time, Dnipro...

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