News archive
11 September 2019
China to subsidize construction of large pig farms
News -Chinese authorities plan to boost national pork production after the numerous outbreaks of swine fever countrywide through funding the construction of large-scale pig farms. The subsidies will be issued by the end of 2020 and will be up to $ 700,000 per farm, but no more than 30% of the total worth of an investment project. Additionally, the funds...
10 September 2019
Morality-driven changes in consumer demands revive the debate on intensive vs extensive farming
Overview -In the view of constantly growing global population, modern agriculture faces the challenge of providing increased amounts of food with limited environmental resources like land, water and fossil fuels. Given that the world’s population is expected to reach 9.8 billion by 2050, and the global food demand is to grow 70% over the same time, the core...
10 September 2019
Rusagro tripled sunflower oil production
News -Rusagro, a Russia-based agroholding, reports to have processed the total volume of harvested oilseeds in the current oil extraction season 2018/2019. Production volumes of sunflower oil tripled and amounted to 562,000 tonnes as compared to the same period in 2017/2018. Also, production of sunflower meal rose 3.3 times to amount to 492,000 tonnes....
09 September 2019
Large farm takeover causes concerns over forestation of farmland in New Zealand
News -The Wairarapa community in New Zealand expressed their opposition as the local large farm Lagoon Hill Station was acquired by a Swiss company, which reportedly plans to convert a quarter of the station’s farmland into a forestry. The farm is engaged in sheep and beef breeding on a farmland area of 4,000 hectares. The locals fear that conversion...
09 September 2019
Rumelko Agro to build three dairy farms
News -Rumelko Agro, a Russia-based agroholding engaged in livestock production, plans to build three dairy farms in the Tver region of Russia. The estimated worth of the investment project is $ 274.7 million. The farms will maintain 10,800 dairy cows, while daily production capacity is expected to reach 300 tonnes of raw milk. After the launch of a farm...
06 September 2019
Nibulon’s terminal transshipped 100,000 tonnes of grains
News -Nibulon, one of Ukraine’s largest agroholdings, reports to have received more than 95,000 tonnes of grains from local agricultural producers at its transshipment terminal in the Zaporizhzhia region of Ukraine, which was launched two months ago. Due to convenient location of the terminal close to the regional agricultural producers, the latter now...
06 September 2019
KSG Agro increased profits 5.5 times
News -KSG Agro, a Ukraine-based agroholding engaged in crop and pork production, increased its net profit 5.5 times to $ 5.5 million in the first half of 2019 as compared to the same period 2018. Also, the company’s operating profit grew 16% to $ 1.34 million while gross profit increased 5.5 times to $ 5.48 million. In addition, the loan obligations of...
05 September 2019
Avangard boosted egg exports 164%
News -Avangard, the Ukraine-based egg producer and a subsidiary of the second largest Ukrainian agroholding Ukrlandfarming, increased egg production 44% and exports 164% in the first half of 2019 as compared to 2018. The company’s consolidated revenue amounted to $ 84.8 million, which is 25% higher than the figure for the same period last year. At the...
05 September 2019
Miratorg to acquire 7,000 hectares of irrigated farmland
News -Russian agroholding Miratorg plans to purchase a grain producer Izobilie in the Stavropol region of Russia. Izobilie operates farmland area of 7,000 hectares, of which 6,700 hectares are under irrigation. Miratorg reportedly plans to grow vegetables and oilseeds on the acquired land. The transaction value is estimated at $ 22.7 million.
As of...
04 September 2019
Agromino increased grain storage capacity 20%
News -Agromino, a Denmark-based agroholding with operations in Estonia, Russia and Ukraine, increased its total grain storage capacity in Ukraine 20% from 85,000 to 101,000 tonnes in January-June 2019. Also, Agromino reports a net profit of $ 7.3 million in the first half of 2019, a 30% decrease as compared to the first half of 2018. EBITDA was $ 11.2...