News archive
17 January 2019
MHP: Employees to be engaged in creative work while analytics to be performed by computers
News -Head of human resource management department at the Ukraine-based agroholding MHP Ksenia Prozhogina summarized the results of the company’s staff policy in 2018 and shared the plans for 2019 in her interview to Latifundist.com. Last year, the company succeeded in implementing digital consulting projects called MHP Accelerator and How to Startup for...
16 January 2019
Misconduct in agroholdings. The case of JBS.
Overview -Over the past 20 years, Brazil’s economy has been overshadowed by a number of large corruption scandals that cost it dozens of billions reais and severe reputation losses. Unfortunately, agri-food business has been part of the problem. The present article describes the case of JBS S.A., one of the largest meat manufacturers in the world.
JBS's rise...
15 January 2019
SanCor owes $ 487,000 to its dairy cooperatives
News -The Argentina-based dairy cooperative SanCor reportedly owes arg$ 18 million (around $ 487,000) to the Dairy Cooperative Union Cuenca Mar y Sierras. According to the Union’s members, the debt has accumulated since early December 2018, when SanCor stopped paying for collected milk. The Dairy Cooperative Union intends to file a lawsuit against...
15 January 2019
Marfrig hires a new CEO for Quickfood
News -The Brazil-based beef producer Marfrig introduced Gustavo Kahl as the new CEO of Quickfood, Argentine beef producer acquired from BRF for $ 54.9 million. In January 2019, Marfrig completed the acquisition of 91.89% of the company. Meanwhile, Quickfood units in South America will be managed by Miguel Gularte, who is expected to implement the...
14 January 2019
Rusagro completes the first shipment of corn to China
News -Rusagro Group, one of the largest Russian agroholdings operating in total 675,000 hectares of farmland, exported its first batch of corn to the Port of Qingdao in China. The total volume of the shipment amounted to 5,000 tonnes. The company’s total amount of exports of corn to East Asian countries reached 99,000 tonnes in 2018, of which 94,000...
14 January 2019
Niva Pereyaslavshchiny to receive $12.5 million from EBRD
News -The Niva Pereyaslavshchiny Group, a vertically integrated crop and pork producer operating 23,000 hectares in Ukraine, will receive a $12.5 million loan from the European Bank for Reconstruction and Development (EBRD). The company will invest the provided funds in the increase of the production capacity, construction of a meat processing plant and...
10 January 2019
ECO-Culture to invest in grain processing
News -The ECO-Culture holding, operating 207 hectares of greenhouses in Russia, plans to build a grain processing plant in 2019. Depending on the production strategy, the total volume of investment is to reach RUB 11.6- 15.5 billion ($173-232 million).
So far ECO-Culture considers two options for production. The first one is to process 113,000 tonnes...
10 January 2019
Cygnet: milk output up three times
News -Cygnet, the Ukrainian agroholding engaged in crop, sugar and milk production, managed to increase its cow productivity despite the decrease in the dairy herd. From 2012 to 2018, the dairy herd decreased three times to 605 heads. At the same time, the average milk yield has grown concurrently from 3,000 liters to 9,000 liters per cow. The company’s...
09 January 2019
Nibulon to invest in transshipment terminals in 2019
News -Nibulon, a Ukraine-based vertically integrated agroholding, summed up the results of 2018 and outlined the investment projects for the current year. In July 2019, the company plans to launch a transshipment terminal in the Zaporizhia region of Ukraine. The new enterprise will provide jobs for 120 people, reduce the transportation costs of regional...
09 January 2019
Cherkizovo acquired 75% of Samson - Food Products
News -Cherkizovo Group, Russia’s largest vertically integrated meat producer, has acquired 75% of Samson - Food Products, a meat producer operating in the Leningrad region of Russia. As agreed by the two parties, Cherkizovo is to pay RUB 350 million ($5.22 million) and to redeem Samson’s debt in the amount of RUB 550 million ($8.2 million). The total...