News

05 June 2018

Sancor loses its market share in key markets

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Financially-indebted Argentinean dairy cooperative SanCor is still waiting for the completion of negotiations in order to be purchased by the Luxembourg-based agricultural conglomerate Adecoagro. The deal is expected to ease the tension for the SanCor's position on both local and international markets. The company's share in total milk production in Argentina dropped from 33% in 2014 to 10% in 2017 and its share in total milk exports of the country decreased from 9% to 2% over the same period.

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05 June 2018

Official export ban to Frigorífico Concepción lifted

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The Ministry of Agriculture of Paraguay lifted the meat export ban to Israel, Russia, Taiwan, Chile and the EU for the company Frigorífico Concepción S.A., a leading producer and exporter of beef, biodiesel and leather in Paraguay. In May 2018 the company was accused of importing meat from Brazil without sanitary certification and then illegally re-exporting it. The government punished the company by granting it a one-year meat import ban and charging it a fine of $ 3 million. According to the audit results, the imported meat was distributed only within Paraguay and not exported abroad.

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04 June 2018

HarvEast launched the second stage of irrigation

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The Ukraine-based agroholding HarvEast put into operation the second stage of irrigation on 740 hectares of land in Donetsk region. The first stage of irrigation on 350 hectares was launched in 2017. The irrigation project worth $ 2.5 million includes drilling wells to feed water to the fields, building new and restoring already existing...

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04 June 2018

KazExportAstyk in the process of financial recovery

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KazExportAstyk, a Kazakhstan-based company engaged in production and trade of grain and oilseeds, has begun the process of financial recovery and debt relief with the help of its new strategic partner Sberbank Investments LLC. The partners have agreed with KazExportAstyk's main creditors - Sberbank Russia and Amsterdam Trade Bank on early repayment at a discounted rate. Total debt amounted to $ 52 million, $ 32 million of which were repaid and the remaining of $ 20 million remitted by banks.The company's shareholders are the European Bank for Reconstruction and Development (8.67%), Ruslan Moldabekov (44.68%) and LLP Investitsionnaya Kompaniya APK (46.65%).

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03 June 2018

Australia’s second largest cattle station for sale

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Clifton Hills Station, Australia’s second largest cattle station, is on the market. The cattle station covers 1.65 million hectares and has 18,300 head of cattle. Wally Cooper, managing director of stock and station agent Rural Property & Livestock, said he had received 60 inquiries for the station from the US, Asia, Central Europe and Hong-Kong....

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02 June 2018

Prodimex and EkoNivaAgro invest in a joint dairy project

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The largest in Russia sugar holding Prodimex, owned by Igor Hudokormov, has implemented a joint project together with the company EkoNivaAgro (part of the EkoNiva group managed by Stefan Dürr) to build three dairy farms in Voronezh region. The first of them, designed for 2,800 cows, is already being built in the Anninsky district. It should be put into operation by the end of this year. Two more farms will be built in the Bobrovsky and Buturlinovsky districts by 2020. The total number of cows at three farms will reach 8,400 heads. Prodimex invested about 15,000 hectares of land in the joint project.

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01 June 2018

Nibulon to construct two new river ports in Ukraine

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Nibulon plans to begin the construction of new river ports in Ternovka (Zaporizhzhya region) and Maryansk (Dnipropetrovsk region) in autumn 2018 in order to put them into operation in spring 2019. Till autumn 2018 the company will carry out preparatory works for the construction of the ports. According to Alexey Vadatursky, general director of...

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01 June 2018

Cherkizovo launched a new pig fattening farm

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Cherkizovo Group has launched a hog farm in the village of Kuchugury in the Nizhnedevitsky district of the Voronezh region. The farm will produce more than 5,000 tonnes of pork per year. The new farm is part of the $ 128 million investment project on the development of pig breeding. The project includes the construction of seven farms with 40,000...

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01 June 2018

Cheburashkin Brothers launched in a new line of dairy products

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The agri-food holding Cheburashkin Brothers has released a new line of dairy products under the brand "Semeynoe delo (engl. Family business)". The line includes the most popular consumer products - milk, kefir, cottage cheese and sour cream. The company plans to produce 600 tonnes of dairy products per month under the new brand, which will allow to double the turnover in 2019 to $ 32 million. The new brand will capture a share of approximately 2% of the market in Moscow and the region for all produced categories. Total investments in the new project amounted to $ 48 million.

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31 May 2018

Big farms in South Carolina won the river case before court

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The South Carolina Supreme Court refused to change the law that allows large farms to take river water without asking the state for permission. Residents in Bamberg, Darlington and Greenville counties filed charges against big farms that draw billions of gallons from South Carolina rivers. The complaining residents say that the law favors large farms over the needs of others and that the state massively gives away public resources. The accused industrial-scale farmers say the law is fair and that they need the water to irrigate crops, which provides food for the table.

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