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15 July 2020

UkrLandFarming to close 6 egg farms due to long-lasting conflict with Ukrainian authorities

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Avangard, Ukraine-based egg producer and a subsidiary of the second largest Ukrainian agroholding UkrLandFarming, plans to close six out of a total of its 27 egg farms due to financial difficulties deepened by the long-lasting legal proceedings related to the companies’ owner Oleh Bahmatyuk.

Back in 2019, the Office of the Procurator-General of...

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14 July 2020

Russia’s largest grain trader to engage in farming

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Trade House “RIF”, Russia’s largest grain trader and exporter, has acquired the claim rights over the loan of a Russian crop producer YugAgroHolding to MInBank (Moscow Industrial Bank). In 2019, YugAgroHolding reported net loss of $9.5 million, and its total debt to MInBank is estimated at $15.2 million. RIF has been financing the sowing and...

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13 July 2020

Niva Pereyaslavshchiny to receive $ 20 million from IFC

The Niva Pereyaslavshchiny Group, a Ukrainian vertically integrated crop and pork producer operating 23,000 hectares, will receive a loan of up to $ 20 million from The International Finance Corporation (IFC). The company will use these funds to finance its working capital in order to mitigate the potential harmful effects of COVID-19 pandemic on...

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09 July 2020

Grain Alliance posted $2.5 million net loss for 2019

Grain Alliance, a Ukrane-based agroholding operating 57,000 hectares of farmland, reported net loss of $2.5 million in 2019, as compared to net profit of $14.2 million in 2018. At the same time, revenue rose from $40.2 million to $69.9 million within the same period of time. Gross profit declined from $20.6 to $14.3 million, and operational profit...

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09 July 2020

MHP produces 30% of compound feed in Ukraine

The latest ranking of Latifundist.com discloses the list of Ukrainian top producers of compound feed based on the results of 2019. The ranking is headed by a vertically integrated agroholding MHP, which produced 1.93 million tonnes of compound feedstuffs and gained a national market share of 30%. The other agroholdings that joined the ranking...

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08 July 2020

Continental Farmers Group started harvesting campaign

Continental Farmers Group (CFG), a Ukraine-based agroholding operating 195,000 hectares of farmland in the western part of the country, started harvesting of early winter grains, such as winter barley, wheat, rye, and spring wheat. CFG plans to harvest the crops from a total area of 102,000 hectares, of which 23,000 hectares are under winter...

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07 July 2020

Agroton: net profit down 60%

Agroton, a Ukraine-based agroholding operating 110,000 hectares of farmland, reported net profit of $5.2 million in 2019, a 61.5% decrease as compared to 2018 ($13.5 million). The company's revenue decreased 5% to $54.4 million, while gross profit declined 48% to $10.4 million within the same time period. Operating loss reached $4.3 million, as...

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06 July 2020

Almarai: net profit up 10.5% in Q2 2020

Almarai, the world’s largest dairy producer, has reported net profit of $151.6 million in Q2 2020, a 10.5% increase as compared to Q2 2019. Revenue grew 8.3% to $960.5 million within the same period of time. In Q2 2020, positive revenue was evident in all company’s segments except for juice production due to a decline at the juice market and...

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06 July 2020

HarvEast exported first batch of yellow peas in 2020

HarvEast, a Ukraine-based agroholding, reports to have shipped 9,900 tonnes of yellow peas from the sea port in Mariupol, the Donetsk region of Ukraine, to Italy. This is the company’s first exported batch of the new harvest this year. HarvEast operates 127,000 hectares of farmland in eastern and northern Ukraine, and is engaged in crop and dairy...

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03 July 2020

Damate to relaunch production at Donstar in Q3 2020

Damate Group, the largest turkey producer in Russia, was authorized to rent the production capacities of a Russia’s former largest duck meat producer Donstar by the creditors committee of the latter. Back in early 2020, Damate acquired the claim rights over the Donstar’s loan to Rosselkhozbank. Damate plans to relaunch production at Donstar in Q3...

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