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27 May 2020

Olzha Agro: sowing campaign completed 73%

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Olzha Agro, a Kazakhstan-based agroholding, has completed its sowing campaign 73%. Given the company’s daily sowing capacity of 20,000 hectares, it is expected to complete field activities on the remaining 143,000 hectares of farmland in the upcoming week. According to Aidarbek Khojanazarov, CEO at Olzha Agro, humid weather conditions have slightly...

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18 May 2020

Damate to produce ice cream

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Damate Group, one of the largest Russia-based agroholdings, acquired a 100%-stake in Penzaholod, Russia’s ice cream producer. The acquired company produces more than 30 types of ice cream under the Nashe brand, and exports it to Kazakhstan, Belarus, and Armenia. The company has a full production cycle including 12 production lines, waffle baking...

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15 May 2020

IMC announced plans for upcoming years

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After posting its financial results for 2019, the Ukraine-based agroholding IMC S.A. shared its production and investment plans for the nearest future. In particular, the company will invest $4.4 million in renewing its machinery park, and $0.5 million in renovation of its grain elevators in 2020. Also, IMC wants to reduce its debt from $47 million...

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14 May 2020

Steppe acquired another agricultural enterprise

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Steppe Agroholding, a Russia-based crop producer, has acquired an agricultural enterprise Vysotskoye in the Stavropol region. The enterprise is engaged in crop, dairy, and livestock production. The farmland area of the newly acquired enterprise reportedly equals 5,000 hectares. 

Back in early 2020, Steppe acquired the agricultural enterprise...

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13 May 2020

Ovostar Union to build egg factory in Latvia

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Ovostar Union, a vertically integrated Ukrainian egg producer, plans to construct an egg factory in Latvia in cooperation with Adven, an energy provider in the Nordic and Baltic countries. Ovostar’s subsidiary Gallusman has lately signed the respective partnership agreement with Adven. Construction works will start in 2021, based on the results of...

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12 May 2020

Cherkizovo raises its exports to China as COVID-19 restrictions ease

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Cherkizovo, a large-scale meat producer with operations in Russia, reports on the revival of its export volumes to China after a 30% reduction (as of February 2020) due to COVID-19 outbreak. In particular, chicken wings and feet are most preferred among Chinese consumers. In 2019, 28% of the company’s total meat exports in physical terms went to...

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11 May 2020

Resource Group exported record volume of poultry

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Resource Group, a Russia-based agroholding engaged in poultry and crop production, reports to have exported 12,500 tonnes of poultry in April 2020, a record high within a month period in the company’s history. Deliveries went to 14 countries worldwide, with China accounting for the largest batch volume of 5,200 tonnes. In 2019, Resource exported...

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08 May 2020

Pan Kurchak to build feed mill

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Pan Kurchak Group, a Ukraine-based poultry and crop producer operating 25,000 hectares of farmland, plans to construct a feed mill until early 2021. The annual production capacity of the facility is expected to reach 50,000 tonnes of final product. The Group already operates two feed mills, and considers feedstuff production as the key area for...

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07 May 2020

Milkiland: net loss down 45% in 2019

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Milkiland, a large-scale dairy producer with major operations in Ukraine, reduced its net loss 45% to $12.5 million in 2019, as compared to net loss of $22.5 million in 2018. At the same time, revenue decreased 5% to $135.8 million, and gross profit declined 15% to $17.8 million within the same period. EBITDA dropped 72.5% from $2.3 million to...

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05 May 2020

Ekosem-Agrar: sales revenue up 60%, share capital down 50%

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Ekosem-Agrar AG, a German agroholding and a parent company of the Russia-based largest raw milk producer EkoNiva, posted sales revenue of €400 million in 2019, a 60% increase as compared to 2018. Total operating income rose 50% to €560 million, and EBITDA grew 40% to over €160 million within the same period. The key driver behind these results of...

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