Cherkizovo Group will buy Altaiskiy Broiler, the largest poultry factory in Altai Krai, from Prioskolie Group. The structure of the vertically integrated complex includes a hatchery with a production capacity of 48 million eggs a year, a feed mill, four feeding grounds and a poultry slaughter and processing plant in Biysk.The cost of the poultry...

Astarta-Kyiv, a leading Ukrainian producer of sugar, crops, milk and meat is to increase its storage capacities. In 2015, the agroholding set up an investment project on constructing grain elevators named Astarta Grain. The total capacity of new elevator facilities is expected to reach 500,000 tonnes. As of today, 70% of the project has been...

Two years after the insolvency of the Germany-based group of agricultural companies KTG-Agrar, the district court of Hamburg is dealing with claims for damages in a civil case against former board members and supervisory board members. Insolvency manager, Stefan Denkhaus, has filed a lawsuit worth € 189 million ($ 219 million) against eight...

Ovostar Union, a leading Ukrainian egg producer, declared a net profit of $ 10.4 million in the first half of 2018, 2.7 times more than in H1 2017. The company’s revenue increased to $ 63.46 million, 1.7 times up from the equivalent figure of 2017, and the gross profit grew by 100 % to $ 17.67 million. The company’s EBITDA jumped 100 % reaching $...

The fourth largest broiler meat producer in Russia, Belaya Ptica, is on the verge of bankruptcy. Central Bank of Russia is to file a lawsuit against the agroholding to adjudge it bankrupt. According to the head of Trust Bank Aleksandr Sokolov, the total debt of Belaya Ptica amounts to RUB 26 billion (US $ 382.6 million). Therefore, the agroholding...

Miratorg, one of the largest Russian agroholdings, engaged in meat manufacturing and crop production, intends to build an oil-extracting plant in the Orlov region of Russia by 2020. The agroholding and the government of the region have already agreed upon the investment project worth RUB 3.6 billion ($ 53 million). The plant is to process...

The dairy cooperative SanCor is in the negotiation phase with several companies to avoid its bankruptcy. SanCor has announced that the negotiation process will be completed by the end of the year. At the moment, it is known that Adecoagro will no longer be a sole acquirer of SanCor, but it will be among the companies that will take over the...

Mriya Agroholding, a group of companies operating 165,000 ha in 6 regions of Ukraine, might reach EBITDA of US$ 25-26 million in 2018, according to the analyst of the investment company Concorde Capital, Andrey Perederiy. The forecast is based on the estimates of the sown areas and average yields. As reported earlier, Mriya is to pay US $ 309.5...

Saman, one of the most important rice producers in Uruguay, founded in 1942, has recently closed two plants in the city of Rio Branco and released 33 workers. Saman is in a difficult financial situation due to the crisis of the Uruguayan rice industry. The volume of rice production has fallen by 30% in the last years and the planted area has...

Brazilian BFR, the world's largest exporter of chicken meat, announced a restructuring plan of its businesses in Europe and Thailand and a divestiture of its companies in Argentina. This is a part of a debt restructuring process, which involves the sale of all BRF’s operations in Argentina. With this plan and sale of assets, the company intends to...