News archive

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02 July 2019

JBS and BRF gain from historic trade deal between EU and Mercosur

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The shares of Brazilian largest meat producers BRF and JBS rose significantly after the EU and Mercosur trade bloc countries (Brazil, Argentina, Paraguay and Uruguay) had signed a historic trade deal, opening the European Union to South American agricultural products. In particular, shares of BRF jumped 9% on Brazil's Bovespa stock exchange, while...

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02 July 2019

UkrLandFarming lacks tractor drivers

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Head of HR department at the Ukraine-based agroholding UkrLandFarming Natalia Romanenko mentioned that a tractor driver is the most in-demand job at her agroholding, with the median age of all tractor drivers employed at UkrlandFarming of over 50 years. Also, the demand for truck drivers, animal production technicians and veterinarians at...

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01 July 2019

Nibulon launched transshipment terminal

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Nibulon, one of Ukraine’s largest agroholdings, completed the construction of the grain transshipment river terminal in the Zaporizhia region of Ukraine. The total amount of investments is about $ 23 million. The capacity of the terminal is 300,000 tonnes of grain per year. The newly launched terminal is expected to improve logistics and reduce the...

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01 July 2019

TAS Agro started harvesting campaign

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TAS Agro, an agroholding operating 83,000 hectares of farmland in Ukraine, has started harvesting early winter crops in its Southern cluster located in the Mykolaiv region of Ukraine. So far, TAS Agro has harvested winter barley on the area of 300 hectares. In total, it is expected to harvest early winter crops from the farmland area of 21,000...

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28 June 2019

KSG Agro reduced credit debt 2.3 times

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KSG Agro, one of the largest agroholdings in Ukraine, decreased its credit debt 2.3 times in 2014-2018. As of late 2014, the agroholding’s outstanding loans equaled $ 55.6 million, compared to $ 23.9 million in late 2018. KSG Agro considers reducing credit debt as a key priority for 2019. The company operates 27,000 hectares in four regions of...

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24 June 2019

Top 10 Russian most expensive landholders 2019

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Forbes.ru has developed a ranking of Russian most expensive landholders, disclosing the value of farmland operated by leading agroholdings countrywide in 2019. Top 10 companies from the list operate a total of 5 million hectares worth over $ 5.4 billion. Agrocomplex is at the top of the list, with its farmland value of $ 1.08 billion. However, in...

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21 June 2019

Olam to acquire 25% of Rusmolko

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Singapore Olam International reportedly plans to acquire a 25% stake in Rusmolko, a Russia-based agroholding owned by Russian businessman and founder of Damate Group Naum Babayev. Back in 2012, Olam acquired 75% of Rusmolko for $ 75 million. With this purchase Olam will become a sole beneficiary of Rusmolko. As of late 2018, Rusmolko operated a...

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21 June 2019

Fitch assigns B rating to MHP

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Fitch Ratings has affirmed MHP's Long-Term Foreign-Currency Issuer Default Rating in local and foreign currency at B level with a stable outlook and potential increase to B+ in local currency. The key factors behind such favorable forecast are business expansion and diversification, namely the construction of the second stage of the Vinnytsia...

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20 June 2019

Mriya merged with Continental Farmers Group

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The merger of Mriya agroholding and Continental Farmers Group, lasting since November 2018, has been officially completed. The merged company has kept the name Continental Farmers Group (CFG) and plans to operate the same farmland area of 195,000 hectares in five regions of Western Ukraine. The head office remains in Ternopil, with local offices in...

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19 June 2019

JBS to double production capacity of its plant

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JBS, a Brazil-based meat producer and processor, intends to double the production capacity of its processing plant in Ituiutaba, Province of Mato Grosso, creating 700 new jobs. The volume of investment is estimated at $ 11.5 million. Currently, the plant is undergoing inspection of refrigerators by the US officials, as the plant is expected to...

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