News archive

17 October 2018

HarvEast launched a seed processing plant

News -

HarvEast, the Ukraine-based agroholding, launched a seed processing plant in the Donetsk region. The designed plant capacity is 8 tonnes per hour. The plant is equipped with a universal processing line and a quality control lab. By the end of 2018, the company plans to commission an elevator with a storage capacity of 9,000 cubic meters. The plant...

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17 October 2018

SanCor is selling its assets

News -

SanCor, the Argentina-based dairy cooperative, plans to sell a 10 % share of its joint operations with Vicentin Group. The cooperative will also sell its Chivilcoy and Morteros plants. The joint company with Vicentin, valued at $ 100 million was established in June 2016. In the time following, SanCor will focus on the operation of its plants in...

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17 October 2018

FCC exported more than 355,000 tonnes of grains and oilseeds

News -

Food Contract Corporation (FCC), the Kazakhstan-based agroholding, exported more than 355,000 tonnes of grains and oilseeds during the first 9 months of 2018. Since the beginning of the year, FCC has shipped 110,600 tonnes (31.1%) to Iran; 88,800 tonnes (25%) to Azerbaijan; 88,600 tonnes (24.9%) to Turkmenistan; 30,400 tonnes (8.6%) to Georgia;...

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16 October 2018

Marfrig shuts down operations in Goiás

News -

Marfrig, the world’s second-largest beef producer, has temporarily closed down the operations of its Minas refrigeration plant, located in the Brazilian state of Goiás, due to a fire that occurred last Friday. The causes and extent of the damage are being verified. Minas plant accounts for 4.5% of the company's total capacity in Brazil. The...

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Photo: Fotolia ©

16 October 2018

Cherkizovo to purchase a subsidiary of Prioskolie

News -

Broiler Invest, the subsidiary of the Russian agroholding Cherkizovo Group, plans to acquire Krasnoyaruzhsky Broiler, the subsidiary of Prioskolie company. The deal may reach RUB 560 million ($ 8.6million).The main activity of Krasnoyaruzhsky Broiler is poultry and eggs farming. The capacity of the complex amounts to 500,000 birds and 80 million...

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15 October 2018

Castrolanda Cooperativa Agroindustrial to receive a loan of R$ 125 million

News -

The National Bank for Economic and Social Development (BNDES) of Brazil approved a loan of R$ 125 million ($ 33.8 million) for the Castrolanda Cooperativa Agroindustrial. The funds will be used to finance the construction of a milk powder factory and a piglet production unit in Parana state. The milk powder factory with a production capacity of 3...

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15 October 2018

Miratorg to increase meat production

News -

Miratorg, Russia’s largest producer of pork and beef, plans to invest RUB 15 billion ($ 230 million) in the expansion of its meat production. The company plans to build two sheep-breeding farms for 134,000 lambs in the Tula region. The farms will sell up to 6,600 tonnes (live weight) of meat per year. Miratorg also plans to build a feedlot for...

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Photo: Timur Gasiyev

15 October 2018

Timur Gasiyev: White Frigate ran into a perfect storm

Opinion -

The agroholding White Frigate - once one of the largest importers and producers of poultry meat in Russia - could have ceased to exist in 2009. Then the company experienced a technical default and filed an application for its own bankruptcy. The total debt exceeded 2 billion rubles. The value of assets was estimated at about half as much. However,...

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11 October 2018

Kuban agroholding to invest in cattle breeding

News -

Kuban agroholding, part of Basic Element business group, plans to launch a cattle breeding center in the Krasnodar region of Russia by 2022. The investments are projected to amount to RUB 1.7 billion ($ 25.8 million). The center will be designed for 1,200 cows with a potential average yield of up to 12,000 kg of milk per year. The center plans to...

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10 October 2018

Miratorg purchases land from a Czech agroholding

Miratorg holding plans to acquire a stake in the subsidiary company RAV Agro-Orel of the agroholding RAV Agro, which is a part of the Czech PFF Group. RAV Agro-Orel is engaged in crop and livestock production. The company’s landbank amounts to 36,400 hectares in the Oryol region of Russia. The estimated price for the land is about RUB 1.8 billion...

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