News archive

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22 November 2018

Mriya harvested 457,000 tonnes of grains and oilseeds

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Mriya, an agroholding operating 165,000 ha in six regions of Ukraine, finished the harvesting campaign of grains, oilseeds and potatoes. The agroholding harvested 457,000 tonnes of grains and oilseeds from 137,000 hectares and 23,000 tonnes of potatoes from 635 hectares. At the moment, Mriya continues harvesting sugar beet from about 7,000...

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22 November 2018

Agroliga: revenue up 5%

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Agroliga, a group of companies operating 10,000 hectares in the Kharkiv region of Ukraine, declared a revenue of € 15.3 million for January-September 2018, an increase of 4.8% compared to the same period last year. The group’s net profit decreased slightly from € 2.42 million to € 2.35 million. Gross profit rose by 4.7% to € 3.4 million and the...

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21 November 2018

KSG Agro: net profit down 70%

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KSG Agro, a vertically integrated agroholding operating 30,000 hectares in the Dnipropetrovsk region of Ukraine, reported a net profit of $ 2.2 million for January-September 2018, a 68% decrease compared to the same period last year. At the same time, the company´s revenue increased by 16% to $ 20 million. Gross profit and operating profit...

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21 November 2018

EkoNiva to invest in organic milk

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EkoNiva, the largest Russian producer of raw milk, plans to build dairy farms in the Kaluga and Voronezh regions of Russia. In the Kaluga region, the agroholding will construct an organic dairy farm on the base of the existing enterprise Savinskaya Niva. The production capacity of the farm will reach 5-10 tonnes of raw milk per day. In the Voronezh...

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20 November 2018

JBS grows in the US despite scandals in Brazil

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JBS, the largest beef producer in the world, improved its quarterly results on the US market despite corruption allegations against its owners in Brazil. Joesley Batista, one of the JBS owners and a former chairman of the board, was arrested for a second time on political corruption charges on Friday, November 9. As a result, JBS Brazil lost 4.1%...

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20 November 2018

Brasil Foods in Q3 2018: a net loss of $ 215 million

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Brasil Foods announced a net loss of R $ 812.5 million ($ 214.7 million in the third quarter (Q3) of 2018, a reduction of 48% compared to $ 415 million in Q2 2018. The company's net income equals R $ 8.8 billion ($ 232 million), 0.4% larger than in Q3 2017. Thus far, Brasil Foods is one of the world’s largest meat producers, operating in 140...

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19 November 2018

IMC: net profit up to $ 32 million

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IMC, an agroholding operating 130,000 ha in three regions of Ukraine, declared a net profit of $ 32.1 million for January-September 2018, a 16.2% increase compared to the same period last year. The company’s revenue for the reporting period decreased to $ 81.4 million, while gross profit rose 17.7% to $ 60.2 million. EBITDA grew 18.3% to $ 50.6...

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16 November 2018

Why agroholdings go bankrupt. The case of Ivolga

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Largescaleagriculture.com starts a series of publications on financial distress in big agricultural companies based on evidences from a number of countries. The financial problems of some of the largest Kazakhstan-based agroholdings Alibi, Ivolga, KazExportAstyk and Atameken-Agro have recently become a well-known fact due to a wide coverage in loc...

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15 November 2018

Cherkizovo to build a soybean processing facility

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Cherkizovo Group, the largest meat producer in Russia, plans to launch a soybean processing plant in the Lipetsk region of Russia by 2020. The processing capacity of the plant is expected to reach 1,500 tonnes per day. The company plans to produce soybean meal and oil. The volume of the investment has not been disclosed yet.  Cherkizovo is engaged...

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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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