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21 April 2020

Large-scale poultry and pig farms rising in UK

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The Guardian reports that the number of large industrial farms with over 40,000 birds or 2,000 pigs has risen 7% to 1,786 facilities in the UK since 2017. In particular, England has observed a 7% increase to 1,313 large-scale farms (1,092 poultry farms and 221 pig farms), Scotland has seen a rise of 10%, while Wales has experienced the highest rise...

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21 April 2020

HarvEast to use wastewater to irrigate fields

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HarvEast, a Ukraine-based agroholding operating 127,000 hectares of farmland in the Donetsk, Kyiv, and Zhytomyr regions of Ukraine, plans to cooperate with local authorities of Mariupol, a town located in the Donetsk region, in order to use municipal wastewater for irrigation of its fields in the region. The Mariupol municipality is to construct a...

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20 April 2020

EkoNiva: cost of milk production up

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EkoNiva, Russia’s largest raw milk producer, reports that the cost of milk production has risen since the start of COVID-19 pandemic. The key drivers were additional expenditure on preventive and hygienic measures related to Coronavirus and growing price of imported packaging material for dairy products. According to EkoNiva, the of production...

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20 April 2020

Rusagro to improve its logistics

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Rusagro, a Russia-based agroholding, plans to use Yandex route planner service to improve its freight transport logistics. In particular, Rusagro wants to use the platform to deliver its fat-and-oil products to retail chains. With this solution, the agroholding expects to reduce fuel costs, as well as make its deliveries more efficient and...

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17 April 2020

Astarta: sugar sales up by 44% in Q1 2020

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Astarta, a vertically integrated agroholding operating 250,000 hectares of farmland in Ukraine, increased its sugar sales 44% to 77,560 tonnes in the first quarter of 2020 (Q1 2020). The average sugar price fell 1% to $359/tonne within the same period of time. 

Wheat sales decreased 68% to 3,400 tonnes in Q1 2020, as compared to Q1 2019. Corn...

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17 April 2020

MHP to pay $30 million in dividends

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MHP, Ukraine’s largest poultry producer, is going to pay 2019 dividends to its shareholders in two weeks. The total volume of payments is estimated at $30 million ($0,2803 per share). MHP posted a net profit of $215 million for 2019, a 68% increase as compared to 2018 ($128 million). MHP operates 370,000 hectares of farmland across Ukraine, and...

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16 April 2020

Samoran Investments Limited to increase its stake in Rostok-Holding

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The Antimonopoly Committee of Ukraine (AMCU) authorized Samoran Investments Limited, registered on British Virgin Islands, to buy the shares of Rostok-Holding, a Ukraine-based agroholding. With this acquisition, Samoran Investments Limited will raise its stake in the company from 25% to 49.9999%. Rostok-Holding operates 60,000 hectares of farmland...

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16 April 2020

Kernel issued 2 million new shares

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Kernel, the largest producer of sunflower oil in Ukraine, issued 2.09 million of new ordinary bearer shares without indication of a nominal value bearing code. New shares were placed on the main market of the Warsaw Stock Exchange (WSE). Capitalization of Kernel increased 19.7% to $802 million in the period from April 2 to 9, 2020.

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15 April 2020

Astarta: sugar exports down 85% in 2019

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Astarta, a Ukraine-based agroholding and leading sugar producer operating 250,000 hectares of farmland, has reduced the volumes of sugar exports 85% to 20,000 tonnes in 2019, as compared to 2018. The key driver behind this decline was a drop in the global sugar prices. Also, the company’s sugar sales fell 7% to 301,000 tonnes, while its sugar...

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14 April 2020

UkrLandFarming: 60% of farmland under corn

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UkrLandFarming, one of Ukraine’s largest agroholdings, plans to complete its sowing campaign in the upcoming weeks. The company allocated 60% of its farmland area for corn, 30% for sunflower, and the rest 10% for soybeans. This year, UkrLandFarming slightly postponed field works due to dry and cold weather conditions. UkrLandFarming operates...

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