Progress Agro, a Russia-based agroholding, wants to start exporting pork cuts which are not in demand on the Russian market, in particular, pigs’ trotters, ears, and tails. The company considers the countries of Southeast Asia as the key destination region for this kind of meat products. Currently, Progress Agro is preparing the documents and...

Astarta-Kyiv, a vertically integrated agroholding operating 250,000 hectares of farmland in Ukraine, sold 58,100 tonnes of sugar in Q1 2021, a 25%-decrease as compared to Q1 2020. Also, sales of corn declined 69% to 72,650 tonnes, and sales of soybean meal decreased 15% to 39,800 tonnes within the same period.
 
At the same time, the company...

Resource Group, a Russia-based agroholding engaged in poutry and crop production, reports to have produced 708,000 tonnes of poultry meat in live weight in 2020. Of this amount, 125,000 tonnes of poultry were exported to China and the countries of Middle East and CIS. In 2021, Resource plans to raise poultry production up to 750,000 tonnes and to...

Cherkizovo, Russia’s large-scale meat producer, has reported on its sales results in Q1 2021. In particular, the company raised turkey meat sales 8% to 10,700 tonnes in Q1 2021, as compared to the same period in 2020. Chicken meat sales declined 3% to 169,200 tonnes in the reporting period. Also, Cherkizovo indicates that the average price for...

Zakhidnyi Bug, Ukrainian large-scale crop producer operating 65,000 hectares of farmland, has started sowing campaign of sugar beets. This year, the company wants to sow sugar beets on 13,700 hectares, of them 2,600 hectares have been already sown. In addition, Zakhidnyi Bug will allocate 17,000 hectares of farmland for corn and 8,700 hectares will...

Astarta-Kyiv, a Ukraine-based agroholding, reported net profit of €8.61 million in 2020, a 409%-increase as compared to 2019. Gross profit rose 33% to €121.53 million, and EBITDA rose 46% to €113.4 million within the same period of time. At the same time, the company’s revenue declined 7% to €415.63 million in 2020 as compared to 2019. In...

Sibagro, a Russia-based agroholding, keeps extending its farmland area. In particular, the company has lately acquired an agricultural enterprise in the Kemerovo region of Russia operating 13,500 hectares of farmland and a grain storage facility for 30,000 tonnes. Earlier this year, Sibagro acquired three other crop farms with a total farmland of...

Steppe Agroholding, Russia’s large-scale crop and raw milk producer, reports revenue of $423.6 million in 2020, a 15%-increase as compared to 2019. OIBDA rose 136% to $125.2 million within the same period of time. Net profit was $50.4 million in 2020. The key reasons for these indicators were, as mentioned by Steppe, business scaling, operational...

Nibulon, a Ukraine-based agroholding operating its own freight fleet, is currently constructing two new non-self-propelling barges. Each vessel will have the length of 100 meters and one-time storage capacity of 5,000 tonnes. For now, the freight fleet of Nibulon includes 85 vessels in total. Nibulon operates 82,500 hectares of farmland area across...

Adecoagro, a large-scale agricultural producer with operations in Argentina, Brazil, and Uruguay, reports to have adopted a digital radio communication system to better control its logistics operations in Mato Grosso do Sul. The system aims to track the direction and speed of the company’s trucks transporting sugarcane. With this technology,...