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26 March 2021

Astarta-Kyiv paid $114.3 million in taxes in 2019-2020

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Astarta-Kyiv, a vertically integrated agroholding operating 250,000 hectares of farmland in Ukraine, reports to have paid $114.3 million in taxes in 2019 and 2020. Of this sum, $50 million went to the state budget: $6.7 million as income tax, $42.9 million as VAT, $167,900 as environmental tax. Local budgets in the regions of Astarta's presence...

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25 March 2021

Epicentr Agro to focus on corn and sunflower production

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Epicentr Agro, a Ukraine-based agroholding, plans to sow 77% of its farmland areas with corn and sunflower in 2021. The company's cropping plan for the next sowing campaign looks as follows: 72,000 hectares will be under corn, 52,000 hectares – under sunflower, over 9,000 hectares - under rapeseed, and 15,800 hectares – under winter wheat. The...

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24 March 2021

Agroliga: net profit down 36% in 2020

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Agroliga, a Ukraine-based crop producer operating 10,000 hectares of farmland, reported net profit of $5.07 million in 2020, a 36%-decrease as compared to 2019. Meanwhile, the company’s revenue rose 39% to $82.9 million, and gross profit increased 22% to $15.2 million within the same period of time. EBITDA decreased 33% to $8.9 million. Agroliga...

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18 March 2021

Epicentr Agro to construct two grain elevators

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Epicentr Agro, a Ukraine-based agroholding, wants to develop its chain of route elevator hubs in the Khmelnytskyi region. In particular, the company plans to build two new grain elevators with a total storage capacity of 180,000 tonnes. Also, Epicentr Agro is currently reconstructing its grain elevator with storage volume of 100,000 tonnes. In...

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11 March 2021

Yunost to acquire farm complex

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Yunost, a Russia-based agroholding, plans to acquire a 98.98% stake in the large-scale farming enterprise Tambovsky (TambovAgroInvest LLC) operating 40,000 hectares of farmland in the Tambov region. 49% of the enterprise’s shares are owned by Danish investors Danrus Agro ApS and Avgas ApS. According to market experts, the worth of the deal might...

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10 March 2021

Nibulon transshipped record-high volume of grains

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Nibulon, one of Ukraine’s largest agroholdings that has its own freight fleet, reports to have transshipped over 447,000 tonnes of grains in February 2021, a record high in the company's history. This result is 20% higher as compared to the Nibulon’s previous record transhipment volume dated 2009. Interestingly, cold and stormy weather conditions...

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08 March 2021

MHP keeps expanding its meat retail network

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MHP, Ukraine’s largest poultry producer, intends to open up to 2,000 meat retail stores countrywide until 2023. Having started its retail project in mid-2020, the company launched over 50 stores by the end of the year. Earlier, MHP announced its plan to open 1,000 stores until 2022. 

CEO and founder at MHP Yuriy Kosiuk reports that there is lack...

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04 March 2021

Sibagro to acquire large-scale pork producer

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Sibagro, a Russia-based agroholding, plans to acquire a large-scale Russian pork producer Promagro in the Belgorod region. Promagro operates 42,000 hectares of farmland, three pig-breeding farms producing 64,500 tonnes of pork in live weight annually, a meat processing plant with annual output of up to 113,000 tonnes of finished products, and a...

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01 March 2021

LAR to double chicken meat production

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LAR, Brazil’s large-scale agricultural cooperative, wants to double chicken meat production by reaching daily slaughter capacity of 1.1 million birds until 2024. For this purpose, the cooperative plans to invest $370.5 million, attracting both its own funds and the funds from associated producers. The investment will be used to construct new...

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01 March 2021

Poultry farms of Agromars to be sold

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Five poultry farms owned by Ukrainian agroholding Agromars in the Kyiv region are set for an auction. Earlier this year, Agromars reported to have suspended production on its poultry farms. The key reason behind this decision were the company’s losses due to rising prices for compound feedstuffs. The auction will take place in March 2021. Agromars...

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