MHP, a leading poultry producer in Ukraine, plans to resume the exports of poultry products to the countries of the European Union. Lately, the European Commission cancelled the ban on imports of poultry from Ukraine due to the outbreak of bird flu on the territory of Ukraine in early January this year. Also, the potential import restrictions in...

Goodvalley, a large-scale agricultural producer with headquarters in Denmark and operations in Ukraine, Poland and Russia, disclosed its 2019 financial results. The company’s revenue rose 3.8% to $232.7 million in 2019, as compared to 2018. Adjusted EBITDA reached $41.9 million, a 23.4% increase as compared to the previous year. The Ukrainian...

Milkiland, a large-scale dairy producer with major operations in Ukraine, is ready to start repaying the debt of its Russia-based asset, Kursk-Moloko dairy, to its major creditor Neva Milk. In particular, Milkiland wants to transfer the total amount of $1,5 million of debt in ten equal installments until 2021. In this regard, Milkiland expects Neva...

EkoNiva, the largest Russian producer of raw milk, plans to relaunch the sugar production at its recently acquired sugar plant Belsakhar in the Kursk Region. EkoNiva purchased the facility including 20,000 hectares of farmland surrounding it in 2018. The sugar plant was not the main goal of the deal and EkoNiva was ready to resell it back then....

Nibulon, one of Ukraine’s leading agroholdings, reports to have transshipped 9 million tonnes of agricultural export commodities to 526 international vessels over past 6.5 years. In 2018/2019 fiscal year (FY), the company itself exported a record of 5.21 million tonnes of grains. In 2019/2020 FY, Nibulon plans to raise own grain exports to 6...

Astarta, a Ukraine-based agroholding and leading sugar producer operating 250,000 hectares of farmland, acquired three 24-meter multifunctional harrows. With this equipment, Astarta plans to be more efficient in the fields by reducing the use of agrochemicals, effectively destroying weeds, preserving soil moisture, and providing air access to...

Founder of a bankrupt Russian-Kasakhstani agroholding Ivolga Holding Vasily Rozinov has been sentenced to 2.5 years for causing damage to Eurasian Development Bank (EDB). Back in 2011, Ivolga Holding received an $80 million loan from EDB to finance its working capital, having at that concealed its true leverage profile.

Later, Ivolga Holding...

Amaggi, a Brazil-based soybean producer, is in talks to acquire the local unit of Argentinian El Tejar. Growing demand for commodities on behalf of China is reportedly the key driver behind these negotiations.

El Tejar once used to be Brazil’s leading soybean producer, until the country’s unfavorable land acquisition policies alongside operational...

Agromino, a Denmark-based agroholding with operations in Estonia, Russia and Ukraine, reported net profit of $3 million in 2019, as compared to $10.6 million of net loss in 2018. Revenue rose 1.4 times to $39.7 million within the same period. Operational profit was $6.6 million, as compared to $10.3 million in 2018. EBITDA reached $11 million in...