Kernel, a Ukraine-based agroholding, has received net profit of $643 million in 2021 fiscal year (FY), a 422%-increase as compared to FY 2020. Meanwhile, the company’s revenue rose 38% to $5.65 billion, gross profit increased 98% to $903 million, and operational profit rose 140% to $812 million in FY 2021 as compared to FY 2020. EBITDA doubled to...

Miratorg, Russia’s largest meat producer, reports on the outbreak of African swine fever at one of its pig farms in the Belgorod region. In response to the outbreak, the local authorities have set up a quarantine zone around the farm. The number of pigs maintained at the facility has not been disclosed. The previous case of African swine fever at...

Agrotrade, a Ukraine-based agroholding, is currently busy with sowing winter wheat on the farmland area of 18,000 hectares, a 20%-increase as compared to last year. Also, the company continues harvesting sunflower from 8,000 hectares, corn from 17,800 hectares, and soybeans from 5,000 hectares. Due to implementing new technology solutions, this...

Steppe Agroholding, Russia’s large-scale crop and dairy producer, has reported revenue of $155.8 million for August 2021, which is a record-high monthly result in the company’s history. The key drivers behind these positive dynamics is the development of Steppe’s crop and dairy segments: expanding farmland area, higher yields, increasing export...

EkoNiva, a Russia-based agroholding, plans to increase online sales of dairy products threefold until 2022. For this purpose, the company is developing cooperation with online delivery services. Currently, the segment of value-added dairy products accounts for 10% of EkoNiva’s revenue. In addition, EkoNiva wants to increase dairy supply to the...

Damate, a Russia-based agroholding, has started the construction of a new poultry farm in the Tyumen region. The estimated worth of the project is around $71.3 million. The construction works are to be completed in 2023. After reaching full design capacity in 2025, the farm is expected to produce 12 million hatching eggs annually. Damate will use...

Continental Farmers Group (CFG), a Ukraine-based agroholding operating 195,000 hectares of farmland in the western part of the country, has started harvesting potatoes from the total area of 1,800 hectares. The provisional yield results are as follows: 31 tonnes per hectare for seed potatoes, 44 tonnes per hectare for ware potatoes, and 35 tonnes...

Epicentr-Agro, a Ukraine-based agroholding, has lately renovated its grain elevator in the Vinnytsia region and enlarged the storage capacity of the facility from 100,000 tonnes to 375,000 tonnes. The total worth of investment in the reconstruction works amounted to $52 million. Currently, Epicentr Agro’s total storage capacity is about 1.5 million...

Astarta-Kyiv, a Ukraine-based agroholding, wants to produce soy protein concentrate on its soybean processing plant in the Poltava region. The company will invest about $50 million in the construction of a deep processing line with annual production capacity of 100,000 tonnes of soy protein concentrate. The project is to be implemented within two...

MHP, Ukraine’s largest poultry producer, has acquired a 51% stake in Lubnymyaso, Ukrainian beef production company. The acquired company operates a plant with daily production capacity of 25,000 tonnes of beef meat. Net asset value of Lubnymyaso has been estimated at $1.53 million. Previously, the company used to supply beef to MHP’s countrywide...