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03 May 2021

Cherkizovo: cured meats sales up 21% in 2020

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Cherkizovo, Russia’s large-scale meat producer, reports to have sold 48,600 tonnes of cured meats in 2020, a 12%-increase as compared to 2020. In monetary terms, the company’s sales of cured meats comprised $215.4 million in 2020, a 21%-increase as compared to 2019. As outlined by Cherkizovo, the following segments showed the most significant sales...

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03 May 2021

Ovostar Union: egg production up 5% in Q1 2021

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Ovostar Union, a vertically integrated Ukrainian egg producer, reported a 5% YoY increase in egg output to 411 million eggs in Q1 2021 (Q1 2020: 392 million eggs). The company exported 64 million shell eggs in Q1 2021, a 21%-decrease as compared to the same period last year (Q1 2020: 81 million eggs). The average price of eggs rose 47% to 0.087...

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30 April 2021

Steppe: revenue up 40% in Q1 2021

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Steppe Agroholding, Russia’s large-scale crop and raw milk producer, reports revenue of $91.3 million in Q1 2021, a 40%-increase as compared to the same period last year. The key drivers behind the growth, as mentioned by Steppe, were business scaling, growth of exports, improvement of trading strategy, and output increase in dairy segment. This...

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29 April 2021

Sibagro keeps acquiring assets

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Sibagro, a Russia-based agroholding, has acquired the assets of Russian large-scale pork producer Promagro. In particular, Sibagro purchased three pig farms with annual production capacity of 64,500 tonnes of pork in live weight, a meat processing plant with annual processing capacity of 113,000 tonnes, a feed mill producing 200,000 tonnes of...

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27 April 2021

EkoNiva to raise revenues in 2021

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EkoNiva, Russia’s largest producer of raw milk and a subsidiary of German Ekosem-Agrar, reports gross revenue of € 111 million in Q1 2021, which is similar to that of Q1 2020 considering currency fluctuations. The company plans to reach gross revenue of about € 750 million in 2021, as compared to revenue of € 464 million by results of 2020. Annual...

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26 April 2021

Agrofusion: farmland under tomatoes up 4%

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Agrofusion, Ukraine's leading producer of tomato paste operating 25,000 hectares of farmland and three tomato processing plants, has begun a new tomato paste production season. This year, the company is going to increase farmland under tomatoes 4% to 8,460 hectares, of them 100 hectares will be allocated for organic tomatoes. In total, Agrofusion...

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23 April 2021

Progress Agro to export pork cuts to Southeast Asia

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Progress Agro, a Russia-based agroholding, wants to start exporting pork cuts which are not in demand on the Russian market, in particular, pigs’ trotters, ears, and tails. The company considers the countries of Southeast Asia as the key destination region for this kind of meat products. Currently, Progress Agro is preparing the documents and...

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22 April 2021

Astarta-Kyiv: sugar sales down 25% in Q1 2021

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Astarta-Kyiv, a vertically integrated agroholding operating 250,000 hectares of farmland in Ukraine, sold 58,100 tonnes of sugar in Q1 2021, a 25%-decrease as compared to Q1 2020. Also, sales of corn declined 69% to 72,650 tonnes, and sales of soybean meal decreased 15% to 39,800 tonnes within the same period.
 
At the same time, the company...

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19 April 2021

Resource Group to raise poultry production in 2021

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Resource Group, a Russia-based agroholding engaged in poutry and crop production, reports to have produced 708,000 tonnes of poultry meat in live weight in 2020. Of this amount, 125,000 tonnes of poultry were exported to China and the countries of Middle East and CIS. In 2021, Resource plans to raise poultry production up to 750,000 tonnes and to...

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15 April 2021

Cherkizovo: turkey meat sales up 8% in Q1 2021

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Cherkizovo, Russia’s large-scale meat producer, has reported on its sales results in Q1 2021. In particular, the company raised turkey meat sales 8% to 10,700 tonnes in Q1 2021, as compared to the same period in 2020. Chicken meat sales declined 3% to 169,200 tonnes in the reporting period. Also, Cherkizovo indicates that the average price for...

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