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04 December 2020

Kernel tops the list of VAT refund recipients in Ukraine

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Kernel agroholding headed the November 2020 list of VAT refund recipients among the agri-food companies in Ukraine. In particular, Kernel’s subsidiary Kernel-Trade received $33.6 million in VAT refunds. Another agroholding, Nibulon, was ranked fourth having received a refund of $13,8 million. Kernel operates 530,000 hectares of farmland and is the...

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03 December 2020

AgroVista to get $10 million from American investor

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AgroVista, a Ukrainian large-scale crop and livestock producer, has signed a deal with an American investment fund to receive a $10 million loan. The company will use the attracted investment to maintain liquidity and develop its trade and logistic activities. AgroVista operates 80,000 hectares of farmland and has one-time grain storage capacity of...

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03 December 2020

Cygnet completed sugar season

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Cygnet, a vertically integrated Ukrainian agroholding, reports to have completed sugar season 2020 at its sugar plant. In 2020, the company produced 18,900 tonnes of sugar from 140,300 tonnes of sugar beets. This year’s season became the shortest in the history of the plant due to unfavorable weather conditions and, accordingly, declined sugar...

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02 December 2020

Cresud: agribusiness net profit down 600% in Q1 FY 2021

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Cresud, an Argentina-based company engaged in large-scale agricultural and real estate business, has reported net profit of $2 million for Q1 FY 2021 (July 2020 – June 2021) in agribusiness segment, a 590%-decrease as compared to net profit of $13.8 million in Q1 FY 2020. Gross profit declined from $21.8 million to $24.6 million, while operating...

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01 December 2020

A.G.R. Group invested $2.3 million in machinery

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A.G.R. Group, a Ukraine-based agroholding, has allocated $2.3 million for the purchase of imported agricultural machinery. In particular, the company has extended its machinery park with one sprayer, two tractors, three planters, and eight disk harrows. The machinery delivery is expected early next year before the start of the next sowing season....

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01 December 2020

Kernel: net profit up 245% in Q1 FY 2021

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Kernel, a Ukraine-based agroholding, reports net profit of $204 million in Q1 FY 2021 (July 2020 – June 2021), a 245%-increase as compared to the same period last fiscal year. A key driver behind this result was the growth of sunflower oil sales prices. Revenue rose 11% to $940 million. Gross profit increased $18 to $284 million while...

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30 November 2020

Kusto Agro to switch to no-till

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Kusto Agro, a Ukraine-based agroholding operating 24,000 hectares of farmland, wants to switch from conventional tillage to no-till technique in its farming operations. The company has used no-till to sow winter wheat this year and wants to sow spring crops using the same technique early next year. This decision was made based on the data from...

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30 November 2020

Russian organic producer to build large-scale dairy farm

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AgriVolga, a Russia-based organic agricultural producer and a subsidiary of Agranta Group, plans to construct a dairy farm for 1,200 cows in the Yaroslavl region. The farm will supply raw milk to the company’s local dairy plant. However, milk produced by the new farm will not be certified as organic. The estimated worth of the project is $17...

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27 November 2020

Agroecology to produce organic foods

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Agroecology, a large-scale organic agricultural producer based in Ukraine, wants to produce processed organic foods under its own brand. So far, the company has launched production of organic eggs. In the mid-term perspective, Agroecology wants to proceed with dairy, flour and cereals, as well as with meat production. The company operates 8,000...

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27 November 2020

NOVAAGRO stored record-high volume of grains and oilseeds

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NOVAAGRO Group of Companies, a Ukraine-based agroholding with operations in the Kharkiv region, has stored 300,000 tonnes of agricultural commodities from local farmers in the harvesting season 2020, which is a record-high result for the company in the reporting period. NOVAAGRO operates eight grain elevators with one-time storage capacity of...

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