News archive

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06 July 2020

Almarai: net profit up 10.5% in Q2 2020

Almarai, the world’s largest dairy producer, has reported net profit of $151.6 million in Q2 2020, a 10.5% increase as compared to Q2 2019. Revenue grew 8.3% to $960.5 million within the same period of time. In Q2 2020, positive revenue was evident in all company’s segments except for juice production due to a decline at the juice market and...

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06 July 2020

HarvEast exported first batch of yellow peas in 2020

HarvEast, a Ukraine-based agroholding, reports to have shipped 9,900 tonnes of yellow peas from the sea port in Mariupol, the Donetsk region of Ukraine, to Italy. This is the company’s first exported batch of the new harvest this year. HarvEast operates 127,000 hectares of farmland in eastern and northern Ukraine, and is engaged in crop and dairy...

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03 July 2020

Damate to relaunch production at Donstar in Q3 2020

Damate Group, the largest turkey producer in Russia, was authorized to rent the production capacities of a Russia’s former largest duck meat producer Donstar by the creditors committee of the latter. Back in early 2020, Damate acquired the claim rights over the Donstar’s loan to Rosselkhozbank. Damate plans to relaunch production at Donstar in Q3...

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02 July 2020

Nibulon put its new transshipment terminal into operation

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Nibulon, a Ukraine-based agroholding operating 82,500 hectares of farmland, has started receiving the first batches of grain on its new river transshipment terminal of the Zelenodolska branch in Dnipropetrovsk region. The facility was launched in June 2020, and has transshipped over 6,000 tonnes of commodities so far. The terminal has one-time...

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02 July 2020

Avgust to extend farmland up to 250,000 hectares

Russia’s leading producer of crop protection products Avgust plans to increase its farmland area from 100,000 hectares to 250,000 hectares in the next five years, mainly in the Volga region. This decision is a part of the company’s strategy toward expanding its agricultural production which has been implemented since 2017. Additionally, Avgust...

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01 July 2020

Milkiland to “move” from Netherlands to Cyprus

Milkiland, a dairy producer with major operations in Ukraine, will change the place of registration from the Netherlands to Cyprus. Milkiland’s shareholders approved the respective decision at the annual general meeting of shareholders with 24.5 million votes representing 78.52% of the company’s share capital. Milkiland’s shares will continue to be...

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01 July 2020

MHP opened gastro studio in Ukraine

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MHP, Ukraine’s largest poultry producer, has launched its new culinary project, a restaurant offering gastronomic services including take-away and delivery options in Kyiv, the capital of Ukraine. The company wants to offer its customers delicious dishes from different types of meat. Previously, the founder and CEO of MHP Yuriy Kosiuk said that MHP...

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30 June 2020

Agrogeneration posted net loss of $19.5 million in 2019

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Agrogeneration, a Ukraine-based agroholding, reported that its net loss doubled to account for $ 19.5 million in 2019. Meanwhile, the company’s EBITDA declined from positive $ 6.35 million to negative $ 1.35 million, and gross profit of $ 7.3 million changed into gross loss of $ 658,000. Operating loss comprised $ 22.3 million. At the same time,...

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29 June 2020

I&U Group built biogas plant in cooperation with EBRD

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I&U Group, a Ukraine-based agroholding engaged in grains, oilseeds and sugar beet production on 50,000 hectares of farmland  in the Kirovograd region, has completed the construction of a biogas plant worth EUR 23 million. Of this amount, EUR 13 million were provided to the company as loan by European Bank for Reconstruction and Development (EBRD)....

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26 June 2020

Kernel joined UN Global Compact

Kernel, a Ukraine-based agroholding and world’s leading producer of sunflower oil, has joined the United Nations Global Compact, the world’s largest corporate sustainability initiative aiming at encouraging businesses to stick to sustainable and socially responsible principles in their activities. Having made sustainability its core value, Kernel...

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