The Argentina-based dairy cooperative SanCor closed its plant in Neuquén and dismissed all its personnel in the amount of 32 workers. The company is going through a severe crisis that has already resulted in the production stoppage and the sale of plants in other provinces of Argentina. Recently, SanCor has sold its Chivilcoy and Morteros plants,...

The Argentina-based agroholding Adecoagro has entered the market of toasts and snacks with its brand Molinos Ala, spending $ 5 million on launching the processing plant in the city of Pilar in Argentina. Adecoagro operates 40,000 hectares of rice and is recognized as the largest rice producer in the country. Thus, the company produces 20% of rice...

The Brazil-based beef producer Marfrig declared a net loss of R$ 126 million ($ 33.5 million) in the second quarter of 2018. Thereby the company succeeded in reducing its loss by 28% compared to the same period last year. During the last session of the Brazilian stock market, Marfrig's share price has increased by 1.37% to R$ 6.67 ($ 1.77). In...

Terra Santa Agro reviewed the projection of its cotton crop for 2018/19. The CEO of the company, José Humberto Plata, estimated a crop growth of 10% compared to the previous season. In August, the expectation was to increase crop by 2.4%. The company’s area under cotton will reach 35.9 thousand hectares and the projection for productivity is 271.4...

Damate agroholding has begun the construction of a turkey meat processing plant in the Penza region of Russia. The production capacity of the plant is expected to reach 150 tonnes of sausages per day, and the amount of investment equals to RUB 5.7 billion ($ 86.5 million). Damate group is the largest producer of turkey meat in Russia, with a market...

KazAgro Holding, a state-owned Kazakhstani agroholding, intends to sale its subsidiary company KazAgroProduct. The market value of the subsidiary is currently estimated at KZT 14.3 billion ($38.6 million). According to the official announcement of KazAgro Holding, 100% of the shares of KazAgroProduct are to be sold via E-auction on November 21,...

Kernel, the world’s leading producer of sunflower oil, plans to increase the grain storage volume at its elevators to 3.9 million tonnes by the end of 2018/2019 marketing year (MY), an increase of 18% compared to the previous MY . As reported by the company, the total volume of grain storage has already increased by 10% compared to the same period...

Terra Santa Agro, a 156 thousand hectares producer of agricultural commodities in Brazil, announced a net loss of R$ 23.19 million (about $ 6.3 million) in the third quarter of 2018, a value which is 64.26% lower than the net loss of R$ 64.87 million (about $ 17.5 million) recorded in the third quarter of 2017. The company's year-over-year net...

The Novaagro group of companies, a Ukraine-based agroholding, completed the first stage of the reconstruction of the Morozovka Agro poultry complex in the Kharkiv region of Ukraine. The Morozovka Agro operates three poultry farms with a total capacity of 650,000 birds and a slaughterhouse with a capacity of 3,000 birds per hour. Novaagro...

Astarta, a Ukraine-based vertically integrated agroholding, harvested 183,000 tonnes of oilseeds in 2018, thus increasing the production volume 20% compared to 2017. The company gathered 67,000 tonnes of soybeans and 116,000 tonnes of sunflower, with an average yield of 2.9 tonnes per hectare each. At the same time, the company’s average yield of...