News archive

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06 September 2021

Kernel’s shareholders to re-acquire up to 19.2 million of shares

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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...

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06 September 2021

Rusagro to raise sugar production

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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...

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03 September 2021

Agroton posts net loss of $3 million for H1 2021

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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%...

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02 September 2021

Largest M&A deals in agriculture: last decade’s top 10 in Ukraine

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A recent ranking prepared by Latifundist.com presents most prominent M&A deals in Ukrainian agricultural sector over the past ten years, which brought about a profound shift in the development of the involved companies or set a new trend on the market. Based on this list, Largescaleagriculture.com has outlined top 10 acquisition deals of the past...

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01 September 2021

MHP and Ukrprominvest-Agro to develop joint CSR programs

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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...

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01 September 2021

Ovostar: net profit down 34% in H1 2021

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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...

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31 August 2021

EkoNiva to extend niche crop production

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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...

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30 August 2021

Donskaya Indeyka to build new turkey farm

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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...

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30 August 2021

Ristone Holdings stored over 100,000 tonnes of grains

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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...

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27 August 2021

Miratorg to double annual revenue until 2024

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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...

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