IMC, a Ukraine-based agroholding, reports net profit of $33.2 million in January-September 2020, an 81%-increase as compared to the same period last year. Also, gross profit rose 47% to $71.4 million, and operational profit doubled to $49.1 million. EBITDA increased 62% to $64,7 million. At the same time, revenue declined 4% to $113.8 million in...

MHP, Ukrainian largest poultry producer, reports to have planted 11,500 trees within its corporate social responsibility program “Green Planet Together with MHP” in 2020. The program has been implemented in cooperation with local communities in 450 villages and towns countrywide. Initially, MHP expected to plant about 30,000 trees, but the...

Astarta-Kyiv, a Ukraine-based agroholding and leading sugar producer operating 250,000 hectares of farmland, reported net loss of $5.6 million in January-September 2020 as compared to net profit of $2.3 million for the same period of 2019. Meanwhile, the company's consolidated revenue amounted to $342.7 million in 9M 2020, a 11%-decrease as...

TAS Agro, a Ukraine-based agroholding specialized in crop and milk production, has harvested over 60% of farmland area under corn. The average corn yield is expected to reach 7 tonnes per hectare. This year, TAS Agro reports a 30%-decrease in yields of major crops due to unfavourable weather conditions as compared to the previous year. TAS Agro...

Ristone Holdings, a Ukraine-based agroholding, reports to have completed harvesting campaign. The company harvested 65,000 tonnes of sunflower, 30,000 tonnes of corn, and 23,000 tonnes of sugar beets. At the moment, the company is preparing for the next sowing season.

Ristone Holdings operates 67,000 hectares of farmland in Eastern Ukraine and is...

KSG Agro, a Ukraine-based agroholding, plans to improve the quality of compound feed produced at its feed mill in 2021 through a strategic partnership with the American food company Cargill. The companies have negotiated a cooperation program which includes advanced training and employee exchange, equipment modernization and the launch of modern...

Nibulon, a Ukraine-based agroholding, reports to have completed its autumn harvesting campaign 90%. In particular, the company has harvested 115,000 tonnes of crops (of them 42,000 tonnes of sunflower) from 39,000 hectares. Meanwhile, Nibulon has also completed its sowing campaign of winter wheat (30,300 hectares), winter rapeseed (2,100 hectares)...

EkoNiva, Russia’s largest raw milk producer, had to postpone the launch of its feed mill in the Novosibirsk region from late 2020 to mid-2021 due to mainly coronavirus-related delays in supply of construction materials. As a result, the worth of investment in the project has increased from $3.7 million to $4.4 million. The designed production...

Damate, a Russia-based agroholding, plans to start the production of turkey and duck meat under new brand names at the leased facilities of bankrupt Eurodon and Donstar in the Rostov region in December 2020. Eurodon is Russia’s former leading turkey producer, and Donstar is Eurodon’s subsidiary and Russia’s former largest duck meat producer. Damate...

BrasilAgro, a Brazil-based agroholding, reports net profit of $13.7 million in Q1 FY 2020/21 (July-September 2020), an 86.5%-increase as compared to the same period last year. Revenue rose 23.8% to $41,4 million while EBITDA increased 18.8% to $12.3 million in the reporting period. This year, BrasilAgro expects to raise its harvest volumes 8% to...