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10 November 2021

Astarta-Kyiv: net profit of €102 million in nine months 2021

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Astarta-Kyiv, a Ukraine-based agroholding, received net profit of €102.2 million in the first nine months of 2021 (January-September 2020: net loss of €4.7 million). Also, the company reports consolidated revenue of €301 million, a 4%-increase as compared to the same period last year. 

Astarta’s gross profit doubled to €159 million, while EBITDA...

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10 November 2021

Cygnet Agrocompany completed sugar season

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Cygnet Agrocompany, a vertically integrated Ukrainian agroholding, reports to have completed sugar season 2021 at its sugar plant. In 2021, the company produced 20,200 tonnes of sugar (2020: 18,900 tonnes of sugar) from 142,800 tonnes of sugar beets (2020: 140,300 tonnes of sugar beets). The concentration of sucrose in sugar beets has been...

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08 November 2021

Nibulon completed harvesting sunflower

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Nibulon, a Ukraine-based agroholding, has finished harvesting sunflower with record-high harvest results in the company's history. In particular, Nibulon has harvested 51,100 tonnes of sunflower from 22,500 hectares. This year, the average sunflower yields at Nibulon have increased 26.8% as compared to the previous year.

Also, the company has...

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05 November 2021

Steppe became Russia’s largest peas exporter

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Steppe Agroholding, Russia's large-scale crop and raw milk producer, reports to have exported 88,000 tonnes of peas in July-September 2021, a record-high volume among Russian peas exporters within this period. Among the main destination regions for the company were the countries of Asia and Middle East, mainly Turkey, Pakistan, Bangladesh, and...

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04 November 2021

Market capitalization of four Ukrainian agroholdings up

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The latest data disclosed by Eavex Capital shows the changes in market capitalization of eight Ukrainian publicly listed agroholdings from October 27 – November 3, 2021. Within this period, market value of Kernel rose 0.3% to $1,262 million, while MHP’s capitalization declined 1.2% to $865 million. Astarta-Kyiv gained 0.7% in market capitalization...

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04 November 2021

HarvEast to use municipal wastewater for field irrigation

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HarvEast, a Ukraine-based agroholding, wants to use municipal wastewater to irrigate its farmland areas under hybrid corn and hybrid sunflower near Mariupol, Donetsk region. In cooperation with local municipal authorities, the company plans to develop an appropriate irrigation infrastructure, namely, to build the pipelines, flow regulating...

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03 November 2021

Ristone Holdings acquired a distillery

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Ristone Holdings, a Ukraine-based agroholding, has lately acquired a state-owned distillery plant at an auction for $ 6.1 million, which is 230% over the starting price of the facility. The plant is designed to produce 35,000 liters of ethanol daily. In the nearest future, the company will start the process of privatization of the acquired...

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01 November 2021

MHP gained a 22% share on Ukrainian soybean oil market in FY 2020/2021

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MHP, a Ukraine-based agroholding, produced 43,714 tonnes of soybean oil at its oil extraction plant in the Cherkasy region in FY 2020/2021, which accounts for 22% of the domestic production volumes. This way, MHP became Ukraine’s largest soybean oil producer in the reporting period. Another Ukrainian agroholding Astarta-Kyiv produced 32,587 tonnes...

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27 October 2021

BrasilAgro sold farm in Mato Grosso

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BrasilAgro, one of Brazil’s largest agricultural producers, reports to have sold its farm Alto Taquari in the state of Mato Grosso, Brazil. The facility produces grains and sugarcane and operates 3,720 hectares in total, of them 2,694 hectares are farmland. The worth of the deal was BRL 589 million (US$ 106 million), which is 65% above BrasilAgro’s...

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26 October 2021

CP Foods to expand pig business in Russia

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CP Foods, a global agro-industrial and food company, wants to build a new pig farm in Nizhny Novgorod, Russia in 2024-2025. The new facility will be similar to the farms already operated by the company in the region. In particular, CP Foods owns two pig farms maintaining 180,000 pigs each and is currently constructing two further pig farms of the...

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