Miratorg, a Russia-based agroholding, intends to launch production of bottled pasteurized milk under its own brand name. The production lines will be installed on one of Miratorg’s subsidiaries, Blagodatenskaya dairy farm in the Kursk region of Russia. The daily processing capacity of the farm is to reach 10 tonnes of milk. Bottled milk is to be...

Astarta, a Ukraine-based agroholding, reported net loss of $ 4.9 million in Q1 2019, compared to net profit of $ 4.1 million in Q1 2018. Consolidated revenue increased 28% to $ 129.6 million in Q1 2019. In particular, revenue from crop sales more than doubled to $ 69 million, due to the price increase for grains and corn.

Astarta’s sugar sales...

The Brazil-based meat producer Marfrig disclosed its financial plan for 2019, with expected net profit of $ 12 billion. The main reason for such optimistic forecast is increase in meat exports to China due to the outbreak of African swine fever in China and further growing demand and prices for meat in the region. Since early 2019 the price of...

Kernel, the world’s leading and Ukraine’s largest producer of sunflower oil, shipped a batch of 63,000 tonnes of sunflower meal from the port of Mykolaiv in Ukraine, a record high in terms of sunflower meal exports. The freight was loaded on the Kernel’s vessel heading to China. The vessel’s total carrying capacity is 82,000 tonnes.

The previous...

Agroliga Group, a Ukraine-based agroholding, increased net profit 43% to $ 2.2 million in Q1 2019, compared to Q1 2018 ($ 803,000). The operating profit doubled to $ 1.4 million in Q1 2019, compared to $ 736,000 in Q1 2018.

Sales revenue rose to $ 10.4 million, a 16% increase compared to Q1 2018 ($ 5.6 million). The cost of sales increased 13% to...

Agroeco Group, one of the largest meat producers in Russia, has begun the construction of a pork processing plant in the Voronezh region of Russia worth RUB 13.5 billion ($ 209.1 million). Of the total investment, about RUB 10 billion ($ 155 million) will be borrowed from the Rosselkhozbank. The total capacity of the processing plant will reach 600...

The Brazil-based agroholding SLC Agricola operating 404,000 hectares of farmland, reported a net profit of $ 27.9 million in Q1 2019, a 34,2% decrease compared to the same period last year. Net revenue increased 15.5% to $ 161.6 million within the same period.

SLC Agricola’s total assets comprised $ 1.5 billion in Q1 2019, a 20% increase compared...

IMC, an agroholding operating 123,900 hectares of farmland in Ukraine, reported its net loss widened 8.3% to $ 8.92 million in Q1 2019, compared to $ 8.23 million in Q1 2018. At the same time, the company’s revenue in Q1 2019 increased 1.6 times to $ 49.15 million.

Gross profit amounted to $ 3.72 million in Q1 2019, compared to $ 30,000 of gross...

The latest review of the capitalization of Ukrainian publicly listed agroholdings prepared by Ukrainian investment portal Investory News shows that in the last five years a half out of eight publicly listed agroholdings lost in market capitalization while another half managed to increase it. In particular, Avangard agroholding lost 96% in its...