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19 August 2019

Eurodon’s relaunch estimated at $ 120 million.

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Eurodon, Russia’s former second largest turkey producer is in search for investors. The company has recently failed to fulfil its financial obligations and is currently under control of Vneshekonombank. The cost of relaunch of Eurodon’s production capacities is estimated at $ 120 million. Suspension of Eurodon’s operations has reportedly resulted...

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19 August 2019

Astarta: revenue up 30%

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Astarta, a Ukraine-based agroholding and leading sugar producer operating 250,000 hectares of farmland, reported consolidated revenue of $ 253 million in the first half of 2019, a 30% increase as compared to the same period in 2018. The share of exports in revenue rose from 52% in the first half of 2018 up to 62% in the first half of 2019. EBITDA...

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16 August 2019

KSG Agro: net profit up 4.6 times

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KSG Agro, a Ukraine-based agroholding, reports a net profit of $ 5.5 million in the first half of 2019, a 4.6 times increase as compared to 2018. Operation profit rose 16% to $ 1.34 million, while gross profit increased 4.5 times to $ 5.48 million. Since late 2018, KSG Agro has managed to reduce its debt burden from $ 44,3 million to $ 31,8...

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15 August 2019

Nibulon to build grain elevator

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Nibulon, a Ukraine-based agroholding operating 82,500 hectares of farmland, has started the construction of a grain elevator in the Vinnytsia region. The facility with one-time storage capacity of 4,000 tonnes is designed to store and transship grain crops to the rail transport. The annual capacity of the elevator is expected to reach 33,500 tonnes...

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14 August 2019

KSG Agro completed harvesting campaign

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KSG Agro, a Ukraine-based agroholding, reports to have completed the harvesting campaign of winter crops. The company harvested winter wheat from the farmland area of 8,300 hectares, winter barley from 2,300 hectares and winter rapeseed from 2,500 hectares. The yield was estimated at 3.5 tonnes per hectare for wheat, 3 tonnes per hectare for barley...

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13 August 2019

Nibulon: grain and oilseed exports up 27%

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Nibulon, a Ukraine-based agroholding, exported a record high of 5.2 million tonnes of grains and oilseeds in 2019 FY, a 26.8% increase as compared to 2018 FY. The major export crops were corn (2.23 million tonnes), wheat (2.12 million tonnes) and barley (535,000 tonnes). The main export destination in 2019 FY was China, with a share of 19% in the...

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12 August 2019

Miratorg fined for unauthorized construction of pig farms

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Miratorg, Russia’s leading pork and beef producer, has stopped the construction of pig farms in the Kursk region due to the absence of permit documentation. The company is liable to an administrative fine of up to $ 15,000. The construction works are expected to be renewed once Miratorg receives the construction permit from the local authorities....

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09 August 2019

Astarta completed harvesting winter grains

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Astarta, a Ukraine-based agroholding operating 250,000 hectares of farmland, has completed harvesting winter grains. Astarta harvested 263,000 tonnes of winter grains from the area of 53,000 hectares. In particular, winter wheat was harvested from the area 49,000 hectares and showed the average yield of 5.1 tonnes per hectare, which is 5% less than...

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08 August 2019

IMC: record winter wheat yield

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IMC, a Ukraine-based agroholding, reports to have completed the harvesting campaign of winter wheat with a yield of 6.3 tonnes per hectare, a record high for the whole period of the company’s operations. In total, 82,300 tonnes of winter wheat were harvested from the farmland area of 13,100 hectares. The result exceeds the average countrywide yield...

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08 August 2019

Sucden took controlling interest in Trio’s sugar plant

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Sucden, a France-based group of companies running sugar business in Russia, has acquired 51.5% of the Eletskiy sugar plant, a subsidiary of the Russia-based Trio agroholding, engaged in crop, livestock and sugar production. With this acquisition, Sucden strengthened its position on the Russian sugar market while its sugar processing capacities rose...

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