News archive

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26 August 2021

Cherkizovo: net profit up 30% in H1 2021

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Cherkizovo, Russia’s large-scale meat producer, reported net profit of $93.1 million in the first half of 2021 (H1 2021), a 30.7%-increase as compared to H1 2020. The company’s revenue rose 30.8% to $537.3 million within the same period. Adjusted EBITDA increased 21.2% to $87.7 million, while EBITDA margin decreased from 17.5% to 16.3%. Cherkizovo...

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24 August 2021

Large-scale farming and philanthropic CSR in Argentina: ethical motives amid low public pressure

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The agricultural sector in total and large-scale farms in particular are commonly associated with sensitive social and environmental issues like intensification of production, extinction of small farms, loss of biodiversity, animal welfare issues etc. Some scholars suggest that companies may embrace socially responsible policies in response to...

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23 August 2021

EkoNiva: growth plans amid legal proceedings with Rosselkhozbank

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EkoNiva, Russia’s largest producer of raw milk and a subsidiary of German Ekozem-Agrar, plans to produce over 1.1 million tonnes of raw milk in 2021. Last year, the company produced 925,000 tonnes of raw milk. EkoNiva reports the average daily output of 29 kg of milk per cow, as compared to the country average figure of 20 kg per cow. In H1 2021,...

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23 August 2021

Rusagro acquired oil production facility

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Rusagro, a Russia-based agroholding, has lately acquired a sunflower oil production complex in the Saratov region at an auction for $156 million. The complex includes an oil extraction plant and a grain elevator and formerly belonged to a bankrupt Russian agroholding Solnechnye Produkty. As a major creditor of Solnechnye Produkty, Rusagro was the...

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20 August 2021

MHP paid $90 million in taxes in H1 2021

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MHP, Ukraine’s largest poultry producer, reports to have paid over $90 million in taxes to the public budgets of all types in H1 2021. In particular, $35.3 million were paid to the general state budget, $32.8 million went to the local budgets in the regions of MHP’s operations, and $22.7 million were paid by MHP in a single social contribution.

In...

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17 August 2021

Agroliga doubled net profit in Q2 2021

Agroliga, a group of companies operating 10,000 hectares in the Kharkiv region of Ukraine, reports to have doubled its net profit to €2.56 million in Q2 2021, as compared to net profit of €1.22 million for Q2 2020. The company’s revenue declined 16% to €36.26 million within the same period. Gross profit decreased 32% to €3.53 million, while...

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17 August 2021

Kernel to reduce sunflower oil price for retail market 10%

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Kernel, Ukrainian agroholding and largest sunflower oil producer, plans to reduce the price of its bottled sunflower oil produced for economy segment 10% until September 2021. This low-priced bottled oil is manufactured and supplied by the company to retail networks countrywide. Kernel has decided to forestall demand shortage and lower the prices...

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16 August 2021

KSG Agro finished harvesting winter crops

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KSG Agro, a Ukraine-based agroholding, reports to have completed harvesting of winter crops from the farmland area of 9,000 hectares. In particular, the company has harvested winter wheat from 7,150 hectares, with the average yields of 4.5 tonnes per hectare (as compared to 3.2 tonnes per hectare in the previous years), and winter barley from 1,850...

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13 August 2021

IMC completed harvesting winter wheat

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IMC, a Ukraine-based agroholding, has recently completed harvesting of winter wheat. The company has harvested 122,000 tonnes of winter wheat from 21,400 hectares and reported the average yields of 5.7 tonnes per hectare, which is 25% higher than the average yields for this crop countrywide in 2021 (4.55 tonnes per hectare). IMC operates 120,000...

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13 August 2021

Astarta net profit up 12 times

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Astarta-Kyiv, a vertically integrated agroholding operating 250,000 hectares of farmland in Ukraine, reports to have received net profit of $105 million in January-June 2021 (H1 2021), a 1,100% increase, as compared to H1 2020 . Meanwhile, the company’s revenue declined 12% to $177 million within the same period. Gross profit almost doubled to...

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