Damate, a Russia-based agroholding, might lease the production sites of a bankrupt Eurodon, which used to be Russia’s second largest poultry producer. After failing to pay back its debts in 2018, the company was declared bankrupt and went under control of its major creditor Vneshekonombank. In the nearest future, ownership over Eurodon’s assets...

Sucden, a France-based group of companies and Russia’s leading sugar producer, has increased from 51.54% to 100% its stake in Eletsky sugar plant, previously owned by Russia-based Trio Group. As a result of this deal, Sucden now operates four sugar plants in Russia. Also, Sucden controls 244,000 hectares of farmland Russia-wide. Meanwhile, Trio...

Agrofusion, Ukraine’s leading producer of tomato paste operating 25,000 hectares of farmland and three tomato processing plants, has started the 2020 production season. In 2020, the company plans to expand farmland area under tomatoes 7% to 8,100 hectares. Agrofusion’s greenhouses are expected to produce 190 million tomato seedlings this year. The...

MHP, Ukraine’s largest poultry producer, has allocated $1 million to help the authorities in the regions of the company’s operations overcome COVID-19 outbreak. In particular, $ 540,000 went to the Cherkasy region, and $500,000 were transferred to the Vinnytsia region of Ukraine. The funds will be invested in the purchase of medical equipment such...

Nibulon, one of Ukraine’s leading agroholdings, reports that its lab equipment is able to identify coronavirus COVID-19 in the human blood using the PCR method. Initially, the equipment (CFX96 TouchReal-Time PCR DetectionSystem amplifier) was designed and used to detect the presence of GMO in crops. Nibulon plans to further work on the idea of...

Kernel, the largest producer of sunflower oil in Ukraine, allocated $2 million for urgent purchase of express tests to identify coronavirus (COVID-19). After the tests are delivered to Ukraine, the Ministry of Healthcare of Ukraine will distribute them among the hospitals in different regions countrywide. Kernel operates 530,000 hectares in 11...

Agroliga, a Ukraine-based group of companies with 10,000 hectares under operation in the Kharkiv region, reported net profit of $7.3 million in 2019, a 17%-increase as compared to 2018. Meanwhile, revenue rose 2.3 times to $54.6 million, and gross profit increased 75% to $11.5 million. EBITDA rose 60% to $12.1 million. In 2019, Agroliga’s net debt...

Kernel, a Ukraine-based agroholding, sold its 50%-stake in Russia-based Taman grain terminal to VTB Group. The worth of the deal is $65 million. Kernel and VTB Group have been in talks on the sale of the terminal since late 2019. As a result of the deal, Kernel has no more business assets in Russia. The rest 50% of shares in the Taman terminal...

Miratorg, Russia's leading beef producer, plans to increase its Aberdeen Angus maternal herd in the Kaliningrad region 11% to 49,000 cows. The company expects a record-high number of calves at its livestock farms in the Kaliningrad region in 2020, and plans to further raise beef cattle production. So far, Miratorg operates 97 livestock farms in the...

MHP, a leading poultry producer in Ukraine, will allocate $501.600 for the purchase of priority equipment for hospitals and personal protective equipment in the Cherkasy region where MHP’s operations are located. The company’s representatives have worked together with local officials to develop an operational plan of action to prevent the spread of...