News archive

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30 April 2020

KSG Agro to expand pig production

KSG Agro, a Ukraine-based agroholding, plans to invest $925,000 in the development of its pig farm in the Dnipropetrovsk region. In particular, the company wants to raise pig production 15% in 2020. The number of sows at the farm is expected to grow from 4,500 to 8,600. With this project, KSG Agro aims to meet the growing demand for pigs with...

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29 April 2020

Ovostar Union posts $20 million net loss in 2019

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Ovostar Union, a Ukraine-based publicly listed agroholding, reported net loss of $20 million in 2019, as compared to profit of $17.4 million a year earlier. At the same time, the company’s revenue decreased 16% to $104.65 million. Gross loss amounted to $6.3 million, and operating loss was $19.42 million in 2019. EBITDA declined to a negative value...

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28 April 2020

Agrotrade postponed modernization projects due to COVID-19

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Agrotrade, a Ukraine-based agroholding, had to postpone equipment modernization at its grain elevators in view of COVID-19 outbreak. The key factor behind such decision was the growing price for equipment following the devaluation of a national currency (Ukrainian Hryvnia). Nevertheless, all 17 Agrotrade's enterprises continue operating at full...

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28 April 2020

Rusagro: revenue up 16% in Q1 2020

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Rusagro, a Russia-based agroholding, reports consolidated revenue of $454 million in Q1 2020, a 16% increase as compared to Q1 2019. In particular, revenue fom fat-and oil production rose 20%, and fat-and-oil segment accounted for 46% in the company's revenue structure in Q1 2020.In January-March 2020, Rusagro sold 416,000 tonnes of its fat-and-oil...

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27 April 2020

Saudi Arabia bought Ukrainian wheat from SALIC

The Saudi Grains Organization (SAGO) has bought 60,000 tonnes of Ukraine-produced wheat from the Saudi Agricultural & Livestock Investment Company (SALIC). The worth of wheat was $248 per tonne. SALIC owns a major stake in the Ukraine-based agroholding Continental Farmers Group operating 195,000 hectares of farmland.

SALIC’s business strategy is...

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27 April 2020

Kischenzi to triple its dairy herd

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Kischenzi, a Ukraine-based dairy producer in the Cherkasy region, plans to triple its dairy herd to 3,500 cows over the next few years. The company wants to construct four dairy farms designed for 1,000 cows each. For now, Kischenzi maintains 1,200 dairy cows and 15,700 hectares of farmland. Also, the company is engaged in pig production.

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24 April 2020

Ovostar Union: egg exports down 2.3 times

Ovostar Union, a Ukraine-based publicly listed agroholding, produced 392 million eggs in January-March 2020 (Q1 2020), a 2% increase as compared to the same period last year. At the same time, the company’s total sales declined 28% to 241 million eggs, and its export volumes fell 2.3 times to 81 million eggs in Q1 2020. Also, Ovostar Union produced...

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24 April 2020

MHP: poultry production up 4% in Q1 2020

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MHP, Ukraine’s largest poultry producer, produced 178,640 tonnes of poultry in Q1 2020, a 4% increase as compared to Q1 2019. MHP’s domestic sales rose 7% to 75,680 tonnes of poultry in Q1 2020, with a growing tendency in frozen poultry sales. At the same time, MHP reports a 12% decline in the volumes of poultry exports to 82,000 tonnes in Q1 2020,...

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23 April 2020

Rostok-Holding to invest $2 million in modernization of its grain elevator

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Rostok-Holding, a Ukraine-based agroholding, plans to expand storage capacity of its grain elevator Glukhovskyi in the Sumy region by 27,000 tonnes up to 73,000 tonnes. The company wants to construct three additional silos until late 2020. Modernization worth $2 million will allow Rostok-Holding to improve the quality of grain which is currently...

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23 April 2020

Kernel: grain exports up 30%

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Kernel, Ukraine’s largest producer of sunflower oil, exported 6.04 million tonnes of grains within nine months of 2020 fiscal year (FY), a 30% increase as compared to the same period of 2019 FY. Also, Kernel’s grain transshipment volumes rose 41% to 4.82 million tonnes within the same period. In Q3 2020 FY, Kernel stored 124,540 tonnes of grains...

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