Agroliga, a Ukraine-based group of companies with 10,000 hectares under operation in the Kharkiv region, reported net profit of $7.3 million in 2019, a 17%-increase as compared to 2018. Meanwhile, revenue rose 2.3 times to $54.6 million, and gross profit increased 75% to $11.5 million. EBITDA rose 60% to $12.1 million. In 2019, Agroliga’s net debt...

Kernel, a Ukraine-based agroholding, sold its 50%-stake in Russia-based Taman grain terminal to VTB Group. The worth of the deal is $65 million. Kernel and VTB Group have been in talks on the sale of the terminal since late 2019. As a result of the deal, Kernel has no more business assets in Russia. The rest 50% of shares in the Taman terminal...

Miratorg, Russia's leading beef producer, plans to increase its Aberdeen Angus maternal herd in the Kaliningrad region 11% to 49,000 cows. The company expects a record-high number of calves at its livestock farms in the Kaliningrad region in 2020, and plans to further raise beef cattle production. So far, Miratorg operates 97 livestock farms in the...

MHP, a leading poultry producer in Ukraine, will allocate $501.600 for the purchase of priority equipment for hospitals and personal protective equipment in the Cherkasy region where MHP’s operations are located. The company’s representatives have worked together with local officials to develop an operational plan of action to prevent the spread of...

EkoNiva, the largest Russian producer of raw milk, wants to switch from one-shift to two-shifts operations at its processing facilities in order to increase the production of finished dairy products. The company has four milk processing plants in the Kaluga, Voronezh and Novosibirsk regions. By 2025, the agroholding expects to become one of the...

Agrotrade, a Ukraine-based agroholding, transferred office employees to remote work, following the recommendations of the Ministry of Health regarding quarantine due to the spread of coronavirus. Weekly meetings are now held exclusively online. Travel and events with large crowds have been cancelled. According to the company, consistency and...

KSG Agro, a Ukraine-based agroholding, has launched a prophylactic and comprehensive program related to the spread of the coronavirus COVID-19. According to the company, most of the employees mainly work “in the fields”, in places remote from mass crowds and they are given instructions on the daily basis in strict observance of preventive measures...

The shares of Ukrainian publicly listed agroholdings have dropped 6% to 20% over the past week. In particular, MHP was affected the most as its shares fell 21.5%. The share value of Agroton decreased 10.6%, and Kernel experienced a drop by 9.6%. Overall, the decline in stock values of the listed companies since the beginning of 2020 was as follows:...

Steppe Agroholding, a Russia-based crop producer, has expanded its farmland area in the Rostov region by acquiring the agricultural enterprise Rodnaya Zemlya with 30,300 hectares under operation and leasing additional 80,500 hectares from Zerno Don enterprise. With these deals, so far the largest ones on the Russian agricultural land market over...

Saudi Food and Drug Authority (SFDA) has suspended chicken supply from two Brazil-based meat plants operated by the world’s leading meat producer BRF to Saudi Arabia. The key factor behind the ban are possible violations on feed and premix production at the abovementioned plants in the period from 2014 to 2018. BRF claims to cooperate with...