News
21 August 2018
Mriya completed $ 1.1 billion debt restructuring
News -Mriya Agroholding, a group of companies operating 165,000 ha in 6 regions of Ukraine, successfully completed a debt-for-equity swap worth $ 1.1 billion. The company handed 100% of the assets, including the land, infrastructure facilities, production capacities and equipment, to Mriya Farming PLC (Great Britain), owned by Mriya Agroholding’s major...
21 August 2018
Large farms bear less food safety costs in the US
News -According to the recent USDA report, fresh produce small farms will need to spend up to 6-7 % of their revenues in order to comply with the Food Safety and Modernization Act (FSMA), compared to only 0.3 % for large growers. Small farms are defined as farms which generate less than $ 500,000 in annual sales, and large farms are those with annual sales above $ 3.5 million. To comply with the FSMA statutes, which were enacted in 2011, it is necessary to meet certain requirements in e.g. water testing, worker training, and recordkeeping. The additional expenses may prompt some small farms to stop growing fresh produce crops or sell off their operations and leave the business.
21 August 2018
Olzha-Agro undergoes restructuring
News -Olzha Agro (former Ivolga Holding), an agroholding operating 840,000 ha in Kazakhstan, undergoes restructuring under the lead of a new CEO Aidarbek Khodzhanazarov after former Ivolga Holding was adjudged bankrupt. According to the new CEO, creation of the autonomous subdivisions within a company was the key restructuring measure. Besides, the...
21 August 2018
Nibulon to increase the storage capacity of its elevators
News -Nibulon, a Ukrainian leading crop producer and exporter operating 82,500 ha in 12 regions of the country, intends to increase the storage capacity of its five terminal elevators in the Mykolaiv, Kherson and Zaporizhzhya regions by the beginning of 2019/20 marketing year. In total, 84,500 tonnes of extra storage facilities are to be added to the...
20 August 2018
Cherkizovo to invest RUB 10 billion in business development in 2018
News -Cherkizovo Group, Russia‘s leading meat producer, intends to invest RUB 10 billion in the further development of a robotic meat processing plant in the Moscow region as well as in building pig farms in the Penza region of Russia this year. The company has lately announced the launch of an innovative pig farm with a biosecurity control system worth...
20 August 2018
Agroterra completed winter wheat harvest faster than last year
News -Agroterra, a leading Russian crop producer, managed to finish the harvesting campaign of winter wheat within 7 days. The yields amounted to 3.8 t/ha on the background of the countrywide average of 3.6 t/ha. Since the area under winter wheat remained the same as in the previous year, the company demonstrated improvement of productivity. According to the company representatives, the main factors behind the productivity improvement were better planning and logistics.
19 August 2018
Net profit of SLC Agrícola increased
News -The Brazilian agricultural company SLC Agrícola obtained a net profit of R$ 168.2 million (about $ 38 million) in the second quarter 2018, an increase of 115.1% and more than double the R$ 78.2 million (about $ 17.7) net profit in the year-over-year comparison. In the first quarter 2018, the company's net profit was also more than twice higher than...
18 August 2018
JBS records a loss of R$ 827 million
News -JBS Brazil closed the second quarter of 2018 with a consolidated loss of approximately R$ 827 million ($ 212 million). The company’s representatives maintain that, without the impact of R$ devaluation, JBS would reach a net profit of R$ 3 billion from April to June. Instead, the company faced a net financial loss of R$ 4.7 billion in the second quarter.
17 August 2018
Vicentin imports soy from Brazil
News -Vicentin, an Argentine agribusiness company headquartered in the Argentine town of Avellaneda, starts importing soy from Brazil due to soybean production shortages in Argentina. This measure seeks to supply soybeans to the processing plants of Vicentin in San Lorenzo, Ricardone, Avellaneda and Renova, which altogether make up the largest oilseed processing capacity in the world. The first 30,000 tonnes of Brazilian soybeans arrived in July while Vicentin has already imported 1 million tonnes of soybeans from the United States earlier this year. The severe droughts in Argentina have reduced the production of soybeans and compelled Vicentin to import soybeans to fully utilize its processing capacity. Vicentin is a diversified agribusiness company involved in processing and exports of cereals, oilseeds and cotton, production of wine and beef as well as in production and distribution of agrochemicals.
16 August 2018
Does size matter in South African agriculture?
News -Wandile Sihlobo, an agricultural economist and head of agribusiness research at the Agricultural Business Chamber of South Africa, raises the question whether size matters in South African farming. According to the expert, the consolidation of farms began in South Africa in the late 1960s and the trend has been maintained since then. The average...