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01 September 2021

MHP and Ukrprominvest-Agro to develop joint CSR programs

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MHP and Ukrprominvest-Agro, two Ukraine-based agroholdings, have lately signed a memorandum of cooperation in the area of corporate social responsibility (CSR). The companies will jointly develop CSR campaigns for the local communities in the regions of their operations. Also, the agroholdings plan to attract NGOs and donor partners to work...

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01 September 2021

Ovostar: net profit down 34% in H1 2021

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Ovostar Union, Ukrainian agroholding and large-scale egg producer, received net profit of $1.62 million in January-June 2021 (H1 2021), a 34%-decrease, as compared to H1 2020. At the same time, the company’s revenue increased 38% to $61.4 million, gross profit declined 14% to $6.6 million, and operating profit decreased 50% to $1.37 million within...

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31 August 2021

EkoNiva to extend niche crop production

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EkoNiva, Russia’s largest raw milk producer, wants to extend the production of niche crops like amaranth and lentils. This year, the company expects to harvest 31,600 tonnes of lentils from 13,500 hectares. Next year, EkoNiva will extend the farmland area under this crop up to 14,000 hectares. Also, this year EkoNiva has harvested amaranth for the...

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30 August 2021

Donskaya Indeyka to build new turkey farm

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Russian large-scale poultry producer Donskaya Indeyka plans to build a new turkey farm in the Voronezh region. The facility will maintain 120,000 heads of parent flock and is expected to annually produce 6 million hatching eggs, which will be supplied to the local farm enterprises. In addition, the new farm will produce up to 3,500 tonnes of...

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30 August 2021

Ristone Holdings stored over 100,000 tonnes of grains

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Ristone Holdings, a Ukraine-based agroholding, reports that its grain elevators have received over 100,000 tonnes of grains for storage during the recent harvesting season. The crops were supplied to the company’s elevators both from its own enterprises and from the local farmers. Ristone Holdings has also lately extended its machinery park with...

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27 August 2021

Miratorg to double annual revenue until 2024

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Miratorg, Russia’s largest beef and pork producer, plans to double its annual revenue to $3.3 billion until 2024. Accordingly, the company expects to raise annual EBITDA 150% to $1.3 billion, and EBITDA margin 12 percentage points to 39% within the same period. Also, Miratorg wants to double annual pork production to reach the volume of 1 million...

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26 August 2021

Cherkizovo: net profit up 30% in H1 2021

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Cherkizovo, Russia’s large-scale meat producer, reported net profit of $93.1 million in the first half of 2021 (H1 2021), a 30.7%-increase as compared to H1 2020. The company’s revenue rose 30.8% to $537.3 million within the same period. Adjusted EBITDA increased 21.2% to $87.7 million, while EBITDA margin decreased from 17.5% to 16.3%. Cherkizovo...

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23 August 2021

EkoNiva: growth plans amid legal proceedings with Rosselkhozbank

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EkoNiva, Russia’s largest producer of raw milk and a subsidiary of German Ekozem-Agrar, plans to produce over 1.1 million tonnes of raw milk in 2021. Last year, the company produced 925,000 tonnes of raw milk. EkoNiva reports the average daily output of 29 kg of milk per cow, as compared to the country average figure of 20 kg per cow. In H1 2021,...

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23 August 2021

Rusagro acquired oil production facility

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Rusagro, a Russia-based agroholding, has lately acquired a sunflower oil production complex in the Saratov region at an auction for $156 million. The complex includes an oil extraction plant and a grain elevator and formerly belonged to a bankrupt Russian agroholding Solnechnye Produkty. As a major creditor of Solnechnye Produkty, Rusagro was the...

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20 August 2021

MHP paid $90 million in taxes in H1 2021

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MHP, Ukraine’s largest poultry producer, reports to have paid over $90 million in taxes to the public budgets of all types in H1 2021. In particular, $35.3 million were paid to the general state budget, $32.8 million went to the local budgets in the regions of MHP’s operations, and $22.7 million were paid by MHP in a single social contribution.

In...

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