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15 July 2020

UkrLandFarming to close 6 egg farms due to long-lasting conflict with Ukrainian authorities

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Avangard, Ukraine-based egg producer and a subsidiary of the second largest Ukrainian agroholding UkrLandFarming, plans to close six out of a total of its 27 egg farms due to financial difficulties deepened by the long-lasting legal proceedings related to the companies’ owner Oleh Bahmatyuk.

Back in 2019, the Office of the Procurator-General of...

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14 July 2020

Russia’s largest grain trader to engage in farming

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Trade House “RIF”, Russia’s largest grain trader and exporter, has acquired the claim rights over the loan of a Russian crop producer YugAgroHolding to MInBank (Moscow Industrial Bank). In 2019, YugAgroHolding reported net loss of $9.5 million, and its total debt to MInBank is estimated at $15.2 million. RIF has been financing the sowing and...

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02 July 2020

Nibulon put its new transshipment terminal into operation

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Nibulon, a Ukraine-based agroholding operating 82,500 hectares of farmland, has started receiving the first batches of grain on its new river transshipment terminal of the Zelenodolska branch in Dnipropetrovsk region. The facility was launched in June 2020, and has transshipped over 6,000 tonnes of commodities so far. The terminal has one-time...

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01 July 2020

MHP opened gastro studio in Ukraine

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MHP, Ukraine’s largest poultry producer, has launched its new culinary project, a restaurant offering gastronomic services including take-away and delivery options in Kyiv, the capital of Ukraine. The company wants to offer its customers delicious dishes from different types of meat. Previously, the founder and CEO of MHP Yuriy Kosiuk said that MHP...

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30 June 2020

Agrogeneration posted net loss of $19.5 million in 2019

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Agrogeneration, a Ukraine-based agroholding, reported that its net loss doubled to account for $ 19.5 million in 2019. Meanwhile, the company’s EBITDA declined from positive $ 6.35 million to negative $ 1.35 million, and gross profit of $ 7.3 million changed into gross loss of $ 658,000. Operating loss comprised $ 22.3 million. At the same time,...

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29 June 2020

I&U Group built biogas plant in cooperation with EBRD

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I&U Group, a Ukraine-based agroholding engaged in grains, oilseeds and sugar beet production on 50,000 hectares of farmland  in the Kirovograd region, has completed the construction of a biogas plant worth EUR 23 million. Of this amount, EUR 13 million were provided to the company as loan by European Bank for Reconstruction and Development (EBRD)....

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22 June 2020

Miratorg launched new meat processing facility

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Miratorg, the largest beef and pork producer in Russia, has launched the first stage of the project aimed to double its pork production capacities – a new meat processing facility in the Kursk region. The enterprise is expected to become the largest in Europe with production volumes of over 138 tonnes of sausages per year. The processing capacity...

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16 June 2020

Ruskom to build broiler breeding farm

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Ruskom, the largest producer of turkey meat in the Siberian part of Russia, will launch the first broiler breeding site of its broiler farm in the Tyumen region. The plan is to construct nine sites in total, three of which will be built for replacement chicks and six for the parent herd. The project investment volume exceeds $99 million. The first...

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14 June 2020

NIBULON accomplished construction of new river transshipment terminal

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Nibulon, one of the largest Ukrainian agroholdings, has finalized the construction works at the river transshipment terminal of the Zelenodolska branch in Dnipropetrovsk region. The official opening was on June 12. The facility has a production and technological laboratory equipped with modern devices to analyse grain quality. The laboratory has...

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10 June 2020

Goodvalley posted net profit of $9.92 million in Q1 2020

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Goodvalley, a large-scale Danish crop and pig producer with operations in Ukraine, Poland, and Russia, reported net profit of $ 9.92 million in Q1 2020, as compared to net loss of $0.3 million in Q1 2019.  Revenue rose 23.9% to $60 million, while adjusted EBITDA increased 32.5% to $19.69 million within the same period of time. 

Meanwhile,...

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