Miratorg, Russia’s largest meat producer, reports to have exported its first batch of beef to China. The volume of the shipment is 200 tonnes. Miratorg was certified to supply beef to China in early 2020, after seven years of negotiations at the inter-state level, and became the first Russia-based company to have received such permission. The...

The Parliament of Ukraine disclosed that the scale of shadow farmland market in Ukraine comprises 8 million hectares. These farmland areas are operated illegally, bringing no taxes to the state or local budgets. The lately adopted law on farmland sales aims to regulate farmland use and formalize farmland relations in the country. In 2021, land...

Astarta, a Ukraine-based agroholding and leading sugar producer operating 250,000 hectares of farmland, settled the conflict with the ex-director of its subsidiary Dobrobut Oleksandr Kovalenko. Back in 2019, Astarta accused Mr. Kovalenko of intentional termination of land lease agreements between Dobrobut and the owners of land plots operated by...

Niva Pereyaslavshchiny, a vertically integrated Ukrainian crop and pork producer operating 23,000 hectares of farmland, reports its production lines continue operating at full capacity and in full compliance with the hygienic and safety standards during COVID-19 quarantine. The company slaughters 1200 pigs and produces 100 tonnes of finished pork...

MHP, Ukraine’s largest poultry producer, reports demand for its chicken production to have risen 20% countrywide since the quarantine measures in the context of COVID-19 came into force. In particular, packaged poultry is most preferred among the consumers. Earlier, MHP allocated $1 million for anti-coronavirus campaign. MHP operates 370,000...

KSG Agro, a Ukraine-based agroholding, has created an operational aid center at its pig farm in the Dnipropetrovsk region, aimed to prevent the outbreak of COVID-19. The center is operated by volunteer employees of the pig farm and provides the local dwellers with necessary personal protection equipment and sanitizers. Also, the center has launched...

Continental Farmers Group (CFG), a Ukraine-based agroholding operating 195,000 hectares of farmland in the western part of the country, reports to have paid $24 million in taxes in 2019. Of this sum, $10 million went to the state budget. Local, rayon and regional budgets in the areas of CFG’s operations were paid $5.4 million, $3 million and $1.4...

The Parliament of Ukraine has adopted the law on farmland sales which is to be in effect starting July 2021. The law provides for a number of restrictions. In 2021, land operations will become available for individuals/natural persons only, and they will be able to purchase or sell not more than 100 hectares of farmland per person. The legal...

Fix SCR (affiliate of Fitch Ratings) upgraded the credit rating of MSU Agro, an Argentina-based agroholding, from BBB+ to A- with a stable outlook. The key driver of such improvement was the operational efficiency improvement of the company. MSU Agro has managed to raise its margins and decrease its indebtedness. In the period from June to December...

Damate, a Russia-based agroholding, might lease the production sites of a bankrupt Eurodon, which used to be Russia’s second largest poultry producer. After failing to pay back its debts in 2018, the company was declared bankrupt and went under control of its major creditor Vneshekonombank. In the nearest future, ownership over Eurodon’s assets...