News archive

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29 May 2020

Rusagro to abandon soybean processing

Rusagro, a Russia-based agroholding, wants to sell its soybean processing plant Primorskaya Soya until 2021. The facility has been out of operation since late 2019. According to the report, the main obstacles to the operation of the enterprise were the high cost of raw materials, the low price of finished products, and reduction of demand due to...

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29 May 2020

Damate to relaunch duck meat production at bankrupt Donstar

Damate Group, the largest turkey producer in Russia, has acquired the claim rights over the loan of Russia’s former largest duck meat producer Donstar to Rosselkhozbank. Donstar has been out of operation since 2018 due to financial constraints: its total debt to creditors is estimated at $ 97.7 million. Of this amount, $92.4 million are liabilities...

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27 May 2020

Olzha Agro: sowing campaign completed 73%

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Olzha Agro, a Kazakhstan-based agroholding, has completed its sowing campaign 73%. Given the company’s daily sowing capacity of 20,000 hectares, it is expected to complete field activities on the remaining 143,000 hectares of farmland in the upcoming week. According to Aidarbek Khojanazarov, CEO at Olzha Agro, humid weather conditions have slightly...

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26 May 2020

Top 5 Russian agroholdings operate over 3.8 million hectares

Russian consulting agency BEFL has released a new ranking of the top Russian agroholdings based on farmland area in operation. The 2020-list includes 61 large-scale agricultural producers operating 14.2 million hectares in total. Interestingly, 49 companies from the list have over 100,000 hectares under control, while the rest 12 companies operate...

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26 May 2020

Alfa-Bank withdrew from shareholding at Ekosem-Agrar

Ekosem-Agrar AG, a German group of companies operating the Russia-based largest raw milk producer EkoNiva, has completed refinancing its debt to ABH Financial, the managing company of Russian Alfa-Bank. In eary 2020, Ekosem-Agrar transferred € 43 million to its shareholder Torentina Ltd owned by ABH Financial. In response, Alfa-Bank refinanced...

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22 May 2020

Steppe Agroholding sold its greenhouse capacities

Steppe Agroholding, a Russia-based crop producer, sold its subsidiary Yuzhnyi, a greenhouse complex in Karachay-Cherkessia. The enterprise was acquired by a businessman reportedly engaged in agricultural production in the Stavropol region. The worth of the deal has not been disclosed.  The facility operating 144 hectares is one of the largest...

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21 May 2020

Epicentr K acquired subsidiary of Svarog West Group

Epicentr K, a Ukraine-based agroholding, has completed the acquisition of Khmelnytsk-Agro, one of the subsidiaries of another Ukrainian agroholding Svarog West Group. With this deal, Epicentr K expanded its farmland area almost 40% to 160,000 hectares. The acquired enterprise is engaged in crop, seed and livestock productions. Epicentr K plans to...

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20 May 2020

Epicentr K to buy farmland after launch of land market in Ukraine

Epicentr K, a Ukraine-based agroholding, plans to buy farmland after moratorium on farmland sales in Ukraine is lifted. The company has started negotiating respective deals with potential creditors after the law on farmland sales was adopted. To secure future loans, the company is heavily investing in constructing new and renovating existing grain...

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19 May 2020

WHAT DRIVES DIGITAL TRANSFORMATION OF AGRICULTURE: THE CASE OF UKRAINE

Opinion -

Digital technologies are actively transforming today’s agriculture. One globally striking example where digital technologies are being increasingly introduced is the agricultural sector of Ukraine. In this Eastern European country, 4.5 million hectares of the total of 32 million hectares of arable land countrywide are being supervised by unmanned...

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18 May 2020

Damate to produce ice cream

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Damate Group, one of the largest Russia-based agroholdings, acquired a 100%-stake in Penzaholod, Russia’s ice cream producer. The acquired company produces more than 30 types of ice cream under the Nashe brand, and exports it to Kazakhstan, Belarus, and Armenia. The company has a full production cycle including 12 production lines, waffle baking...

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