Kernel Holding SA, a Ukraine-based agroholding, has lately sold 5.02% of its voting rights attached to shares to a Danish investment company Lind Invest ApS. Currently, 39.16% of Kernel’s shares remain under control of its founder Andriy Verevskyi (Namsen Ltd), 3.84% of shares are treasury stock, and the remaining 54% of shares are owned by public...

Rusagro, a Russia-based agroholding, reports to have invested $122 million in business development during nine months of 2021. Until the end of 2021, the company wants to raise this figure up to $274 million. Next year, Rusagro plans to allocate over $270 million for the development of meat and fat-and-oil segments, as well as for the acquisitions...

Adecoagro, a large-scale agricultural producer with operations in Argentina, Brazil, and Uruguay, reported its financial results for nine months of 2021 (9M 2021). The company’s gross sales rose 33% to $777.2 million, while net sales increased 32.7% to $757.7 million within 9M 2021 as compared to 9M 2020. The company’s adjusted EBITDA in farming...

IMC, a Ukraine-based agroholding, received $83.2 million of net profit in the first nine months of 2021, a 150%-increase as compared to the same period last year. Also, the company’s consolidated revenue declined 3% to $110.43 million in the reporting period. In particular, revenue from corn sales rose 8% to 83.11 million, while revenue from wheat...

The latest data disclosed by Eavex Capital shows the changes in market capitalization of eight Ukrainian publicly listed agroholdings from November 3 – 10, 2021. Within this period, market value of Kernel declined 0.5% to $1,247 million, while MHP’s capitalization decreased 0.7% to $859 million. Market value of Astarta-Kyiv fell 5.9% to $321...

Astarta-Kyiv, a Ukraine-based agroholding, received net profit of €102.2 million in the first nine months of 2021 (January-September 2020: net loss of €4.7 million). Also, the company reports consolidated revenue of €301 million, a 4%-increase as compared to the same period last year. 

Astarta’s gross profit doubled to €159 million, while EBITDA...

Cygnet Agrocompany, a vertically integrated Ukrainian agroholding, reports to have completed sugar season 2021 at its sugar plant. In 2021, the company produced 20,200 tonnes of sugar (2020: 18,900 tonnes of sugar) from 142,800 tonnes of sugar beets (2020: 140,300 tonnes of sugar beets). The concentration of sucrose in sugar beets has been...

Cresud, Argentinian large-scale crop and livestock producer with operations in Argentina, Brazil, and Paraguay, has reported its financial results for FY 2020/21 (July 1, 2020 – June 31, 2021). In the reporting period, the company’s revenues within its key business segments were as follows: crops – ARS 15.34 billion (FY 2019/20: ARS 17.21 billion),...

Nibulon, a Ukraine-based agroholding, has finished harvesting sunflower with record-high harvest results in the company's history. In particular, Nibulon has harvested 51,100 tonnes of sunflower from 22,500 hectares. This year, the average sunflower yields at Nibulon have increased 26.8% as compared to the previous year.

Also, the company has...

Steppe Agroholding, Russia's large-scale crop and raw milk producer, reports to have exported 88,000 tonnes of peas in July-September 2021, a record-high volume among Russian peas exporters within this period. Among the main destination regions for the company were the countries of Asia and Middle East, mainly Turkey, Pakistan, Bangladesh, and...