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26 February 2021

Kernel to get $80 million loan from EBRD

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Kernel, one of Ukraine’s largest agroholdings and the world’s leading producer of sunflower oil, will receive an $80 million loan from the European Bank for Reconstruction and Development (EBRD). This decision has been approved by EBRD to support the company during COVID-19 pandemic. Kernel will invest the funds in procurement, storage,...

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23 February 2021

Romanian Norofert Group to acquire organic farm

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Norofert Group, Romanian large-scale producer of organic fertilizers, plans to acquire an organic farm for $2.36 million. The farm produces crops and operates 1,000 hectares of leased farmland, of them 400 hectares under irrigation. Norofert Group wants to expand the enterprise’s farmland area to 2,000 hectares and launch a testing facility for its...

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22 February 2021

Niva Pereyaslavshchiny to build new grain elevator

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Niva Pereyaslavshchiny, a Ukraine-based agroholding, wants to modernize its storage facilities. The company has demolished its longtime outdated storage areas on a former bread factory and has started the construction of a new grain elevator with one-time storage capacity of 30,000 tonnes in their place. Niva Pereyaslavshchiny operates 23,000...

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19 February 2021

Sibagro to build grain-processing plant until 2023

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Sibagro, Russian large-scale pork and poultry producer, plans to build a plant for deep processing of grains in the Krasnoyarsk Krai until 2023. The company has completed the pre-design activities and negotiated project implementation with the local authorities. The plant's designed processing capacity is 250,000 tonnes of wheat annually. The...

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18 February 2021

Damate to expand duck meat production

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Damate, a Russia-based agroholding, wants to increase commercial flock on its duck farm in the Rostov region from 273,000 heads to 1 million heads in 2021. Formerly owned by bankrupt agroholding Donstar, the facility was leased and relaunched by Damate in late 2020. In 2021, the farm plans to produce 13,000 tonnes of duck meat. After reaching full...

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17 February 2021

Grain Alliance to develop own railcar park

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Grain Alliance, a Ukraine-based agroholding, has bought 54 grain railcars from a local Ukrainian producer. The company plans to develop its own freight park to cover its needs for secure and reliable grain transportation. The key driver behind this decision is poor quality of public freight rail transport in Ukraine. According to the Ministry for...

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15 February 2021

USA: number of non-family farms up 18% in 2012-2017

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A recent study by U.S. Department of Agriculture reports growth in the number of non-family farms and their share in agricultural production in the U.S. between 2012 and 2017. In the reporting period, the number of non-family farms rose 18% to 82,885 enterprises. At the same time, 96% of the total of 2 million farms remain family-owned.

As of...

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11 February 2021

Ristone Holdings halved its loan burden in 2020

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Ristone Holdings, a Ukraine-based agroholding, reports to have reduced its loan burden from $34 million to $16.9 million in 2020. In January 2021, the company’s loan debt was reduced by another $1 million. In the nearest future, the company plans to develop its new pig breeding project in cooperation with national and foreign investors. Ristone...

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09 February 2021

Astarta-Kyiv sold two sugar plants

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Astarta-Kyiv, Ukrainian large-scale sugar producer, has completed a sale of its two sugar plants in the Kharkiv region. As reported by the company, the key reason behind this deal was inefficient sugar production due to the lack of sugar beet producers and, accordingly, raw materials in the region. With this decision, Astarta wants to focus on its...

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09 February 2021

Nibulon tops the list of VAT refund recipients in Ukraine

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Nibulon, a Ukraine-based agroholding, headed the January 2021 list of VAT refund recipients among the agri-food companies in Ukraine. In particular, Nibulon received $40,7 million in VAT refunds. Kernel-Trade, a subsidiary of another Ukrainian agroholding Kernel, was ranked second with $36.8 million. Ukraine’s largest poultry producer MHP received...

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