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28 September 2020

Miratorg launched wholesale distribution center

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Miratorg, Russia’s largest meat producer, has launched a wholesale distribution center in Domodedovo, the Moscow region of Russia. The investment in the project amounted to $108 million. The facility will procure agricultural products (meat, fish, milk, cereals, vegetables, and fruits) from the producers in the nearby regions, store and process...

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25 September 2020

Damate to modernize its lamb production plant

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Damate, one of Russia’s largest poultry producers, has started the reconstruction of its lamb production plant Kavkaz Myaso in Cherkessk, Russia acquired in early 2020. Modernization is to be completed by mid-2021 while the total investment in the project is estimated at $35 million. The designed annual capacity of the plant is 720,000 heads or...

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24 September 2020

MHP paid $56.3 million in taxes in H1 2020

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MHP, Ukraine’s largest poultry producer, reports to have paid $56.3 million in taxes to state and regional budgets in the first half of 2020. 

In particular, $23.47 million were paid in personal income tax, $19.1 million in single social contribution, $7.5 million in import VAT, $1.97 million in military duty tax, and $1.94 million in land tax,...

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23 September 2020

Dnipro Agro Group announced harvest results

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Dnipro Agro Group, a Ukraine-based agroholding operating 50,250 hectares of farmland, has announced the results of its harvesting of winter crops. Gross harvest amounted to 91,610 tonnes of crops harvested from 19,100 hectares. In particular, the company harvested 67,000 tonnes of winter wheat from 10,660 hectares, 3,410 tonnes of winter barley...

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22 September 2020

Cherkizovo acquired chicken processing plant from Cargill

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Cherkizovo, Russia’s leading meat producer, has accomplished the acquisition of a processing plant from Cargill. Back in July 2020, the companies signed a respective preliminary acquisition agreement. 

The plant located in the Tula region of Russia produces annually 20,000 tonnes of prefabricated poultry products, mainly chicken nuggets for...

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21 September 2020

Rusagro, Cherkizovo, and Miratorg among Russia’s 100 largest companies in 2020

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The latest ranking prepared by Forbes.ru shows Russia’s 200 wealthiest private companies based on their revenue in 2019. Russian agroholdings are also on the list, and three of them are among 100 richest companies. 

In particular, Rusagro (643,000 hectares of farmland under operation) was ranked No. 81 this year with revenue of $1.81 billion in...

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18 September 2020

Belarus: agroholding associated with President Lukashenka is country’s largest milk producer

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Agroindustrial holding of the property management directorate of the President of Belarus reports to have produced 137,000 tonnes of raw milk in 2019 which is the best result among Belarusian raw milk producers. With the annual output of 6,000 kg per cow, the company became also the most efficient milk producer countrywide. The holding operates 10...

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15 September 2020

Nibulon to export wheat to Jordan

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Nibulon, a Ukraine-based agroholding, is going to ship 60,000 tonnes of wheat to Jordan in late October 2020. Jordan has purchased Ukrainian wheat at the price of $256.6 per tonne C&F. In FY 2019/2020, Nibulon exported 5 million tonnes of crops, mainly to Indonesia, Egypt, Bangladesh, and Yemen. Nibulon operates 82,500 hectares of farmland and owns...

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03 September 2020

Astarta-Kyiv to get $10 million in loan from EBRD

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Astarta-Kyiv, Ukraine’s leading sugar producer, will receive a $10 million loan from European Bank of Reconstruction and Development (EBRD). Funding will be issued in addition to the first tranche of $20 million received back in 2018. Astarta will use the funds for financing its working capital. In H1 2020, the company posted net profit of $8.7...

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02 September 2020

Ovostar: net profit down 30% in H1 2020

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Ovostar Union, a vertically integrated Ukrainian egg producer, posted net profit of $ 2.44 million in the first half of 2020, a 33% decrease as compared to the same period last year. The company’s total revenue for the six months of 2020 was $44.6 million, a 17% decline as compared to H1 2019 ($ 53.9 million). In particular, 65% of revenue...

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