News archive

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15 November 2018

Rusagro vegoil exports to China to reach $ 500 million

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Rusagro Group has signed a memorandum of trade cooperation with the Chinese Beidahuang Grain Group Company.  Rusagro intends to export annually up to 150,000 tonnes of sunflower and soybean oil as well as oil products to China. The total worth of such deliveries is to reach $ 500 million. Rusagro considers China as the most promising market for...

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14 November 2018

Astarta’s net profit slumps 80%

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Astarta, a Ukraine-based agroholding, declared a net profit of € 14.5 million in January-September 2018, an 80% decrease compared to the same period last year (€ 74.1 million). The revenue fell by 27% to € 253.5 million due to lower sales of sugar, crops and milk. The company’s sales in dairy farming amounted to 79,000 tonnes. EBITDA dropped by 39%...

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13 November 2018

Miratorg purchased 36,000 hectares of land

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Miratorg holding, the second largest meat producer in Russia, purchased 36,000 hectares of land in the Oryol region of Russia from the RAV Agro holding, which is a subsidiary of the Czech PFF Group. The company plans to allocate this area for grain and legumes production. Besides, the agroholding intends to launch a feed mill and an oil-extraction...

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13 November 2018

SanCor closes another plant

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The Argentina-based dairy cooperative SanCor closed its plant in Neuquén and dismissed all its personnel in the amount of 32 workers. The company is going through a severe crisis that has already resulted in the production stoppage and the sale of plants in other provinces of Argentina. Recently, SanCor has sold its Chivilcoy and Morteros plants,...

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12 November 2018

Adecoagro invests $ 5 million in rice processing

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The Argentina-based agroholding Adecoagro has entered the market of toasts and snacks with its brand Molinos Ala, spending $ 5 million on launching the processing plant in the city of Pilar in Argentina. Adecoagro operates 40,000 hectares of rice and is recognized as the largest rice producer in the country. Thus, the company produces 20% of rice...

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12 November 2018

Marfrig reduced net loss by 28%

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The Brazil-based beef producer Marfrig declared a net loss of R$ 126 million ($ 33.5 million) in the second quarter of 2018. Thereby the company succeeded in reducing its loss by 28% compared to the same period last year. During the last session of the Brazilian stock market, Marfrig's share price has increased by 1.37% to R$ 6.67 ($ 1.77). In...

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12 November 2018

Terra Santa Agro to increase its cotton production by 10%

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Terra Santa Agro reviewed the projection of its cotton crop for 2018/19. The CEO of the company, José Humberto Plata, estimated a crop growth of 10% compared to the previous season. In August, the expectation was to increase crop by 2.4%. The company’s area under cotton will reach 35.9 thousand hectares and the projection for productivity is 271.4...

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09 November 2018

Damate to invest $ 86.5 million in a new plant

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Damate agroholding has begun the construction of a turkey meat processing plant in the Penza region of Russia. The production capacity of the plant is expected to reach 150 tonnes of sausages per day, and the amount of investment equals to RUB 5.7 billion ($ 86.5 million). Damate group is the largest producer of turkey meat in Russia, with a market...

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09 November 2018

KazAgro to sell KazAgroProduct

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KazAgro Holding, a state-owned Kazakhstani agroholding, intends to sale its subsidiary company KazAgroProduct. The market value of the subsidiary is currently estimated at KZT 14.3 billion ($38.6 million). According to the official announcement of KazAgro Holding, 100% of the shares of KazAgroProduct are to be sold via E-auction on November 21,...

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09 November 2018

Kernel to increase the volume of grain storage by almost 20%

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Kernel, the world’s leading producer of sunflower oil, plans to increase the grain storage volume at its elevators to 3.9 million tonnes by the end of 2018/2019 marketing year (MY), an increase of 18% compared to the previous MY . As reported by the company, the total volume of grain storage has already increased by 10% compared to the same period...

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