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10 December 2020

Ukrainian Agrarian Holding launched new grain elevator

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Ukrainian Agrarian Holding (UAH), Ukrainian large-scale crop and raw milk producer, has launched the first stage of its new grain elevator in the Lviv region. Currently the facility’s storage capacity is 65,000 tonnes. The designed storage capacity of the elevator is 205,960 cubic meters. Also, the company has developed a route for the...

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10 December 2020

KSG Agro to buy sows from Denmark

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KSG Agro, a Ukraine-based large-scale pig and crop producer, plans to buy 1,000 sows from Denmark in 2021. The sows will be supplied to the company’s pig farm in the Dnipropetrovsk region and are expected to replace the old sow herd. This way, KSG Agro wants to improve the genetic characteristics of its pig herd and increase pig production. Besides...

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08 December 2020

Agrotrade completed sowing campaign of winter crops

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Agrotrade, a Ukraine-based agroholding, reports to have completed sowing campaign of winter crops. The company has sown wheat on farmland area of 16,000 hectares, rapeseed on 6,000 hectares, barley on 890 hectares and rye, a new crop in Agrotrade’s crop portfolio, on 1,500 hectares. Additionally, Agrotrade plans to start sowing sorghum next year. 
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08 December 2020

IMC completed harvesting corn

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IMC, a Ukraine-based agroholding, has completed corn harvesting. The company has harvested 645,500 tonnes of corn from 69,200 hectares of farmland and reports the average corn yield of 9.33 tonnes/hectare, which is 77% higher as compared to the average corn yields countrywide in 2020. In total, IMC operates 123,000 hectares of farmland and produces...

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04 December 2020

Kernel tops the list of VAT refund recipients in Ukraine

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Kernel agroholding headed the November 2020 list of VAT refund recipients among the agri-food companies in Ukraine. In particular, Kernel’s subsidiary Kernel-Trade received $33.6 million in VAT refunds. Another agroholding, Nibulon, was ranked fourth having received a refund of $13,8 million. Kernel operates 530,000 hectares of farmland and is the...

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03 December 2020

AgroVista to get $10 million from American investor

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AgroVista, a Ukrainian large-scale crop and livestock producer, has signed a deal with an American investment fund to receive a $10 million loan. The company will use the attracted investment to maintain liquidity and develop its trade and logistic activities. AgroVista operates 80,000 hectares of farmland and has one-time grain storage capacity of...

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03 December 2020

Cygnet completed sugar season

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Cygnet, a vertically integrated Ukrainian agroholding, reports to have completed sugar season 2020 at its sugar plant. In 2020, the company produced 18,900 tonnes of sugar from 140,300 tonnes of sugar beets. This year’s season became the shortest in the history of the plant due to unfavorable weather conditions and, accordingly, declined sugar...

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02 December 2020

Cresud: agribusiness net profit down 600% in Q1 FY 2021

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Cresud, an Argentina-based company engaged in large-scale agricultural and real estate business, has reported net profit of $2 million for Q1 FY 2021 (July 2020 – June 2021) in agribusiness segment, a 590%-decrease as compared to net profit of $13.8 million in Q1 FY 2020. Gross profit declined from $21.8 million to $24.6 million, while operating...

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01 December 2020

A.G.R. Group invested $2.3 million in machinery

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A.G.R. Group, a Ukraine-based agroholding, has allocated $2.3 million for the purchase of imported agricultural machinery. In particular, the company has extended its machinery park with one sprayer, two tractors, three planters, and eight disk harrows. The machinery delivery is expected early next year before the start of the next sowing season....

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01 December 2020

Kernel: net profit up 245% in Q1 FY 2021

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Kernel, a Ukraine-based agroholding, reports net profit of $204 million in Q1 FY 2021 (July 2020 – June 2021), a 245%-increase as compared to the same period last fiscal year. A key driver behind this result was the growth of sunflower oil sales prices. Revenue rose 11% to $940 million. Gross profit increased $18 to $284 million while...

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