News archive
14 May 2018
Adecoagro's net profit up by 43% in the first quarter of 2018
News -Adecoagro, one of the leading agricultural companies in South America, obtained a net profit of $ 8.53 million in the first quarter of 2018, which represents a gain of 43% compared to the first quarter of 2017. In addition, the adjusted EBITDA grew by 38.4% reaching $ 61.94 million. In sugar, ethanol and biofuel segments the EBITDA showed a growth of 56% amounting to $48 million in the first quarter of 2018.
13 May 2018
A mega farm in Australia is on sale
News -One of the biggest broadacre farmers in Australia, John Nicoletti, has put his full 200,000 ha portfolio on the market. His price is within the range of $75 million and $85 million. The portfolio comprises more than 30 farms in Merredin, Bodallin, Moorine Rock, Westonia, Southern Cross, Mukinbudin, Bullfinch and Marvel Loch, plus Daisy Downs at Mullewa. The portfolio includes more than 25 dwellings and 12 shearing sheds, a 15,000-tonne grain storage facility, 50,000 merino ewes with progeny, and extensive plant and machinery. Mr Nicoletti said he exits farming due to his high age.
11 May 2018
KSG Agro’s pigs sales increased
News -KSG Agro, the Ukraine-based agroholding, increased its sales of pigs by 5.6% to 9.81 thousand tonnes per year in 2017. At the same time, the revenue of increased by 38.8% to $11.8 million. The company harvested 50.6 thousand tonnes crops in 2017 (1.6% less compared to 2016) including 18.4 thousand tonnes of sunflower seeds, 19.7 thousand tonnes of wheat, 5.2 thousand tonnes of barley, 1.7 thousand tonnes of maize and 0.8 thousand tons of rapeseed. In 2017, the share of the grain segment in the structure of KSG Agro's revenue decreased to 36% (from 37% in 2016) and the share of the pig-breeding segment grew to 33% (from 26% in 2016).
11 May 2018
Astarta's revenue declined by 39% in the first quarter of 2018
News -The revenue of the Astarta-Kyiv agroholding decreased by 39% in the first quarter of 2018 reaching € 91 million. Net profit declined by 88% - to € 3.7 million while EBITDA fell by 69% to € 13 million. Net debt amounted to € 127 million, which is 3% less than at the beginning of the year. The company refers to a decrease in sugar prices and in production volumes due to unfavorable weather conditions in 2017 as the main reasons for the decline.
11 May 2018
Guangxi Yangxiang Co Ltd invests in "multi-story hog hotels"
News -Chinese agricultural company Guangxi Yangxiang Co Ltd elevates industrial hog breeding to a new level. It uses multi-story buildings (also called "multi-story hog hotels") to accommodate pigs. The company already built two seven-floor operations, and is investing in four more buildings with as many as 13 floors. The reasons for this new large scale farming model is the scarcity of land area and an attempt to save energy and resources. By the end of 2018, Yangxiang plans to increase the number of sows to 30,000 in order to produce 840,000 piglets annually on its 11-hectare site.
11 May 2018
Nibulon is about to finalize its sowing campaign
News -The Nibulon agroholding has completed the sowing of corn, sunflower, sorghum and soybean in Nikolayev, Poltava, Vinnitsa and Khmelnitsky regions of Ukraine. As of today, the company sowed about 13.5 thousand hectares of corn and 18 thousand hectares of sunflower, which is 81% and 86% of the company’s total sowing plan for spring 2018, respectively.
11 May 2018
Grain Alliance makes its grain elevators accessible for all third-party suppliers
News -The Ukraine-based Baryshivska Grain Company (100% of stocks of which belong to the Swedish holding company Grain Alliance) will open access to its grain elevators for outside suppliers this year. The company’s Deputy Director for Production Alexander Khomiv said that the company plans to take in storage about 40,000 tonnes of food wheat this year....
10 May 2018
Miratorg to invest 4.8 billion rubles in a feed mill
News -Miratorg plans to invest about 4.8 billion rubles in the construction of a high-tech feed mill with a capacity of 800 thousand tonnes of mixed fodder per year in the Orel region till the end of 2019. Miratorg considers the Orel region as a key region for the implementation of an interregional project for doubling the company's pig-breeding capacities. The construction of a feed mill is planned for the third quarter of 2018.
10 May 2018
KazAgro obtained a $380 million net loss in 2017
News -The Kazakhstan-based agroholding KazAgro made a net loss of 126.018 billion tenge ($383.2 million) in 2017. In 2016, the company earned a net profit of 18.552 billion tenge. The gross revenue of KazAgro dropped 3.6 times to 3.076 billion tenge, sales revenue decreased 1.8 times to 18.122 billion tenge. 2017 net expenses from operations in foreign currency amounted to 28.45 billion tenge compared to net income of 12.53 billion a year earlier. The company's assets decreased by 5.6% to 1.198 billion tenge, equity capital declined 1.5 times to 255.985 billion tenge. The company's liabilities increased by 6% to 942.143 billion tenge.
09 May 2018
31 million acres of U.S. farmland vanished in a decade
News -The American Farmland Trust (AFT) recently published a report on the loss of U.S. farmland. One of the report’s key findings is that almost 31 million acres of fertile farmland were lost within last 10 years. The main reason behind the disappearance of farmland is urbanization. Expanding urban areas accounted for 59% of the loss. Around any large city in the U.S. farmland is getting bulldozed to make room for commercial housing and businesses.