News archive

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22 October 2019

Authorities of the Altai Krai in Russia to support large farms

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Authorities of the Russian Altai Krai expressed the intention to financially support local large agricultural producers due to the new federal regulations which cancel the area-related subsidies for large farms with more than 100 employees. Such subsidies provide fixed amount of aid per hectare. As the new rules come into force in January 2020,...

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21 October 2019

Shares of Ukrainian agroholdings dropped

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The shares of Ukrainian publicly-listed agroholdings have fallen in the recent time. Among the main reasons are the expected launch of land market in Ukraine, growth of lease prices for farmland and drop in prices for agricultural commodities. For now, the list of affected companies includes Astarta, MHP, Kernel and Ovostar. In particular, Astarta...

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18 October 2019

Megamix to acquire Chuvashia-based agroholding

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Russia’s leading premix producer Megamix plans to acquire 72.9% of an agroholding Yurma, based in Chuvash Republic in the west of Russia. Yurma operates 20,000 hectares of farmland and is engaged in crop, poultry and pork production. In 2018, the company reported net profit of $ 4.1 million. Back in 2017, Yurma’s assets were estimated at $ 125...

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18 October 2019

MHP: poultry production up 18%

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MHP, a Ukraine-based vertically integrated agroholding, reports to have increased poultry production 18% to 540,130 tonnes within nine months of 2019, as compared to the same period last year. At the same time, poultry production in Q3 2019 rose 24% and amounted to 186,560 tonnes, as compared to Q3 2018. Such growth was due to the launch of new...

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17 October 2019

Development of large scale farming in South America: The role of policies and institutions

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In South American countries, agriculture has traditionally been represented by small and medium family farms operating their own land and capital. However, in recent decades, a trend toward farm consolidation and the rise of large corporate farming structures has been observed in countries such as Argentina and Brazil. The present article describes...

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17 October 2019

Cherkizovo to invest $ 101.5 million in oil refinery

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Cherkizovo, a Russia-based vertically integrated agroholding, plans to construct an oil refinery plant in the Lipetsk region of Russia in cooperation with Rosselkhozbank. The plant will produce soybean meal and oil. The worth of the project is estimated at $ 101.5 million. Daily processing capacity of the plant is expected to reach 2,500 tonnes of...

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16 October 2019

JBS acquired UK-based pork producer

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JBS, a Brazil-based world’s leading meat producer and processor, reports that its subsidiary Pilgrim’s Pride Corporation (PPC) acquired the largest UK pork producer Tulip Ltd. The worth of the deal amounts to $366.76 million. Tulip operates 17 production facilities which produce and supply pork “from farm to fork”. The company’s product line...

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15 October 2019

SALIC expands its operations to Russia

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The Saudi Agricultural & Livestock Investment Company (SALIC) continues strengthening its presence worldwide. The company plans to sign an agreement on cooperation with Russian sovereign wealth fund RDIF in order to conduct joint search for attractive investment projects in Russian agriculture. Back in early 2019, SALIC acquired the Australian...

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14 October 2019

Miratorg to produce flour

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Miratorg, a Russia-based agroholding, reportedly plans to launch flour production in the Kursk region of Russia. Currently, the company is in search for management staff of its flour mill. Miratorg is Russia’s largest agroholding in terms of land use, with 1 million hectares of farmland under operation. In 2018, Miratorg harvested 1.8 million...

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10 October 2019

Rusagro postponed launch of grain elevator

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A Russia-based agroholding Rusagro has postponed the launch of its grain elevator in the Primorsky Krai of Russia until 2020. The elevator will be a part of a pig complex and will be used for production of mixed feedstuff. The total storage capacity of the elevator will reach 320,000 tonnes. Rusagro expects its new grain elevator to become the...

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