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01 September 2020

Kernel became Ukraine’s largest corn exporter in 2019

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Kernel, one of Ukraine’s largest agroholdings and the world’s leading producer of sunflower oil, exported 3.5 million tonnes of corn in the first half of 2020, which is 19.6% of the total volume of corn exported from Ukraine within this period of time. With this result, the company headed the ranking of Ukraine’s 15 largest corn exporters in H1...

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01 September 2020

Milkiland: net loss up 300% in H1 2020

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Milkiland, a large-scale dairy producer with operations in Ukraine and Russia, reported net loss of $27.2 million in H1 2020, a 310% increase as compared to H1 2019. Meanwhile, the company’s revenue decreased 44% to $44.3 million, and gross profit declined 32% to $7 million within the same period of time. EBITDA fell 80% to $131,700. Milkiland...

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28 August 2020

Agroton: $3.59 million net loss in H1 2020

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Agroton, a Ukraine-based agroholding, reports net loss of $3.59 million in the first half of 2020, as compared to net profit of $3.28 million in H1 2019. Revenue decreased 22.4% to 13.85 million within the same period of time. Meanwhile, Agroton’s gross profit rose from $3.89 million in H1 2019 to $8.35 million in H1 2020, and operational profit...

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27 August 2020

Owners of agroholdings among the wealthiest Russian families in 2020

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A recent ranking prepared by Forbes.ru discloses Russia’s ten wealthiest families based on the worth of their assets as per mid-2020. Three of them own and operate Russia’s largest agroholdings.

In particular, the owners of AFK Sistema (542,000 hectares of farmland), the Evtushenkovs family with a fortune of $2.3 billion, were ranked fifth....

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27 August 2020

Agrocomplex to increase soybean processing

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Agrocomplex, a Russia-based agroholding, reports that its processing plant has produced 43,000 tonnes of soybean meal and 7,700 tonnes of soybean oil from 56,000 tonnes of soybeans in 2019/2020 production season. In the mid-term perspective, the company wants to double its processing capacity to 100,000 tonnes of soybeans per season. The worth of...

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26 August 2020

EkoNiva to invest $13 million in seed production

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EkoNiva, Russia’s largest raw milk producer, wants to further develop seed production in the Kursk region by constructing another seed plant. The plant with a designed capacity of 200 tonnes of seeds per day is expected to be launched until 2022. The worth of the project is estimated at $13.1 million. Currently, EkoNiva produces 175,000 tonnes of...

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25 August 2020

Agrotrade exported 300,000 tonnes of crops in FY 2019/2020

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Agrotrade, a Ukraine-based agroholding, reports to have exported over 300,000 tonnes of conventional and organic crops to 20 countries worldwide in FY 2019/2020. Among the main export destinations were Egypt, Turkey, Spain, Liberia, and China. 
At the same time, the major importers of organic crops from Agrotrade were Norway, Israel, and Germany,...

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12 August 2020

Kernel invested $130 million in new oil extraction plant

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Kernel, Ukraine’s largest producer of sunflower oil, is busy with building a new oil extraction plant in the Khmelnytskyi region. At the moment, the company is completing the first construction stage including the construction of the administrative buildings and the elevator complex. The plant with designed annual processing capacity of 1 million...

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11 August 2020

Damate relaunched production at Eurodon

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Damate, Russia’s largest turkey meat producer, has relaunched the former Eurodon’s production lines in the Rostov region. In particular, about 72,000 hatching turkey eggs are now being incubated, with the first chicks expected in the upcoming weeks, and further 70,000 eggs are to be delivered to the newly relaunched farms from the USA in the...

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10 August 2020

EkoNiva: cost of milk production up 10% in 2020

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EkoNiva, the largest Russian producer of raw milk, reports about the rising costs of raw milk production. Within seven months of 2020, the production costs increased 10%, as compared to the same period last year. Due to the COVID-19- related restrictions, the company had to adjust the investment strategy and reduce expenditures for the current...

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