News archive

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15 September 2020

Nibulon to export wheat to Jordan

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Nibulon, a Ukraine-based agroholding, is going to ship 60,000 tonnes of wheat to Jordan in late October 2020. Jordan has purchased Ukrainian wheat at the price of $256.6 per tonne C&F. In FY 2019/2020, Nibulon exported 5 million tonnes of crops, mainly to Indonesia, Egypt, Bangladesh, and Yemen. Nibulon operates 82,500 hectares of farmland and owns...

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03 September 2020

Astarta-Kyiv to get $10 million in loan from EBRD

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Astarta-Kyiv, Ukraine’s leading sugar producer, will receive a $10 million loan from European Bank of Reconstruction and Development (EBRD). Funding will be issued in addition to the first tranche of $20 million received back in 2018. Astarta will use the funds for financing its working capital. In H1 2020, the company posted net profit of $8.7...

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02 September 2020

MHP expands its meat retail network

MHP, Ukraine’s largest poultry producer, reports to have opened another meat retail store. The store located in the Cherkasy region became fifth in the company’s retail chain. Until 2021, MHP plans to launch 50 stores. In the mid-term perspective, the company expects to develop the network of 1000 meat retail stores across Ukraine. MHP operates...

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02 September 2020

Ovostar: net profit down 30% in H1 2020

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Ovostar Union, a vertically integrated Ukrainian egg producer, posted net profit of $ 2.44 million in the first half of 2020, a 33% decrease as compared to the same period last year. The company’s total revenue for the six months of 2020 was $44.6 million, a 17% decline as compared to H1 2019 ($ 53.9 million). In particular, 65% of revenue...

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01 September 2020

Kernel became Ukraine’s largest corn exporter in 2019

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Kernel, one of Ukraine’s largest agroholdings and the world’s leading producer of sunflower oil, exported 3.5 million tonnes of corn in the first half of 2020, which is 19.6% of the total volume of corn exported from Ukraine within this period of time. With this result, the company headed the ranking of Ukraine’s 15 largest corn exporters in H1...

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01 September 2020

Milkiland: net loss up 300% in H1 2020

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Milkiland, a large-scale dairy producer with operations in Ukraine and Russia, reported net loss of $27.2 million in H1 2020, a 310% increase as compared to H1 2019. Meanwhile, the company’s revenue decreased 44% to $44.3 million, and gross profit declined 32% to $7 million within the same period of time. EBITDA fell 80% to $131,700. Milkiland...

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28 August 2020

Agroton: $3.59 million net loss in H1 2020

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Agroton, a Ukraine-based agroholding, reports net loss of $3.59 million in the first half of 2020, as compared to net profit of $3.28 million in H1 2019. Revenue decreased 22.4% to 13.85 million within the same period of time. Meanwhile, Agroton’s gross profit rose from $3.89 million in H1 2019 to $8.35 million in H1 2020, and operational profit...

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27 August 2020

Owners of agroholdings among the wealthiest Russian families in 2020

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A recent ranking prepared by Forbes.ru discloses Russia’s ten wealthiest families based on the worth of their assets as per mid-2020. Three of them own and operate Russia’s largest agroholdings.

In particular, the owners of AFK Sistema (542,000 hectares of farmland), the Evtushenkovs family with a fortune of $2.3 billion, were ranked fifth....

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27 August 2020

Agrocomplex to increase soybean processing

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Agrocomplex, a Russia-based agroholding, reports that its processing plant has produced 43,000 tonnes of soybean meal and 7,700 tonnes of soybean oil from 56,000 tonnes of soybeans in 2019/2020 production season. In the mid-term perspective, the company wants to double its processing capacity to 100,000 tonnes of soybeans per season. The worth of...

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26 August 2020

EkoNiva to invest $13 million in seed production

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EkoNiva, Russia’s largest raw milk producer, wants to further develop seed production in the Kursk region by constructing another seed plant. The plant with a designed capacity of 200 tonnes of seeds per day is expected to be launched until 2022. The worth of the project is estimated at $13.1 million. Currently, EkoNiva produces 175,000 tonnes of...

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