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06 December 2019

EkoNiva to produce organic beef

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EkoNiva, the largest Russian producer of raw milk, plans to completely reorient all its beef farms to the production of organic beef by mid-2021. The company wants to get its organic production certified internationally, in particular by the EU. To formalize all the processes, EkoNiva established three new legal entities which are 100% owned by...

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05 December 2019

Steppe: revenue up 47%

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Steppe agroholding, a Russia-based agricultural subsidiary of AFK Sistema Corporation, raised its revenue 26.3% to $ 162 million in Q3 2019, as compared to Q3 2018. In January – September 2019, revenue grew 47% and reached $ 333 million, a record high for the whole period of the company’s operations. The key reason for the revenue growth was...

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05 December 2019

Grain Alliance reports on storage operations

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Grain Alliance, a Ukraine-based agroholding operating 57,000 hectares of the country's farmland, reports to have been able to store 47,000 tonnes of grains from own production this season at its subsisdiary elevator Nizhynskyi. From now on, the elevator is also available for storage of grains delivered by other agricultural producers. The one-time...

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04 December 2019

Rusmolco to boost milk production 33% in 2020

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Rusmolco, a Russian agroholding affiliated with Singapore’s Olam International, plans to boost milk production 33% to be able to produce 120,000 tonnes in 2020. By the end of 2019, Rusmolco’s dairy herd will grow 8.5% and amount to 22,200 cows while the total milk output is expected to reach 90,000 tonnes, a 10% increase as compared to 2018....

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03 December 2019

SALIC to purchase farmland in Ukraine

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The Saudi Agricultural & Livestock Investment Company (SALIC) is interested in expanding its operations in Ukraine in the view of the expected launch of a full-fledged farmland market in late 2020. However, the company’s investment decisions will depend on the Ukrainian government's decision on whether or not to allow foreign investors to buy...

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02 December 2019

Agromino reports net profit of $ 5.5 million

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Agromino, a Denmark-based agroholding with operations in Estonia, Russia and Ukraine, reported net profit of $ 5.5 million in January-September 2019, compared to net loss of $ 7 million in the same period last year. Revenue rose 1.5 times to $ 24.7 million while EBITDA increased from negative $ 4.7 million to positive $ 9.9 million.  So far,...

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28 November 2019

Albacon Ventures Limited increased its stake in Astarta Kyiv

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Albacon Ventures Limited owned by Viktor Ivanchyk, CEO at the Ukraine-based agroholding Astarta Kyiv, acquired 100,000 shares of Astarta, increasing its stake in Astarta by 0.4% to 38.39%. After this deal, the total stake of Albacon Ventures Limited in Astarta equals 9.6 million shares. Astarta operates 250,000 hectares of farmland and is one of...

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28 November 2019

EkoNiva wants to become Russia’s leading dairy processor

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EkoNiva, the largest Russian producer of raw milk, plans to stop constructing new dairy farms in 2020. Instead, the company wants to expand its processing capacities. By 2024, EkoNiva plans to construct four new dairy plants with a total processing capacity of 4,860 tonnes of milk per day. Last year, the company launched eight dairy farms and plans...

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28 November 2019

IMC completed harvesting campaign

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IMC, a Ukraine-based agroholding operating 123,900 hectares of farmland, reports to have completed the harvesting campaign of corn. The company harvested 671.500 tonnes of corn from 69,500 hectares. The yield was estimated at 9.7 tonnes per hectare, which is the second-best indicator for the whole period of the company’s operations and exceeds the...

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27 November 2019

International creditors of UkrLandFarming requested meeting with Ukrainian authorities

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The creditors of one of Ukraine’s largest agroholdings UkrLandFarming reacted to the situation around its owner Oleh Bahmatyuk who is suspected in money-laundering, embezzlement and illicit enrichment by the National Anti-Corruption Bureau of Ukraine. In particular, Rothschild & Co on behalf of Gramercy Funds Management LLC, The Export–Import Bank...

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