Kernel, one of Ukraine's largest agroholdings and the world's leading producer of sunflower oil, reports that its shareholders have decided to buy back up to 19.2 million of Kernel’s shares within the next two years for a total of about $250 million. The purchase price of shares should lie between $13.12 and $17.05 per share. The key drivers behind...

Rusagro, a Russia-based agroholding and large-scale sugar producer, reports to have started 2021/22 sugar season. This year, the company plans to raise sugar production due to an upward trend in sugar beet yields. Rusagro operates nine sugar factories with a total sugar production capacity of 54,000 tonnes per day. Rusagro’s annual molasses...

Agroton, a Ukraine-based agroholding, received net loss of $2.98 million in January-June 2021 (H1 2021), which is 17% lower as compared to H1 2020 (net loss of $3.6 million). The company's revenue grew 24% to $17.15 million in H1 2021 as compared to H1 2020. Meanwhile, gross profit decreased 83% to $1.34 million, and operating profit declined 50%...

MHP and Ukrprominvest-Agro, two Ukraine-based agroholdings, have lately signed a memorandum of cooperation in the area of corporate social responsibility (CSR). The companies will jointly develop CSR campaigns for the local communities in the regions of their operations. Also, the agroholdings plan to attract NGOs and donor partners to work...

Ovostar Union, Ukrainian agroholding and large-scale egg producer, received net profit of $1.62 million in January-June 2021 (H1 2021), a 34%-decrease, as compared to H1 2020. At the same time, the company’s revenue increased 38% to $61.4 million, gross profit declined 14% to $6.6 million, and operating profit decreased 50% to $1.37 million within...

EkoNiva, Russia’s largest raw milk producer, wants to extend the production of niche crops like amaranth and lentils. This year, the company expects to harvest 31,600 tonnes of lentils from 13,500 hectares. Next year, EkoNiva will extend the farmland area under this crop up to 14,000 hectares. Also, this year EkoNiva has harvested amaranth for the...

Russian large-scale poultry producer Donskaya Indeyka plans to build a new turkey farm in the Voronezh region. The facility will maintain 120,000 heads of parent flock and is expected to annually produce 6 million hatching eggs, which will be supplied to the local farm enterprises. In addition, the new farm will produce up to 3,500 tonnes of...

Ristone Holdings, a Ukraine-based agroholding, reports that its grain elevators have received over 100,000 tonnes of grains for storage during the recent harvesting season. The crops were supplied to the company’s elevators both from its own enterprises and from the local farmers. Ristone Holdings has also lately extended its machinery park with...

Miratorg, Russia’s largest beef and pork producer, plans to double its annual revenue to $3.3 billion until 2024. Accordingly, the company expects to raise annual EBITDA 150% to $1.3 billion, and EBITDA margin 12 percentage points to 39% within the same period. Also, Miratorg wants to double annual pork production to reach the volume of 1 million...