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26 April 2019

Agroton: net profit up 1.6 times

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Agroton, an agroholding operating 110,000 hectares of farmland in Ukraine, reported net profit of $ 13.5 million in 2018, a 62.6% increase compared to 2017 ($ 8.3 million). Gross profit rose 22% to almost $ 20 million, while operating profit grew 33.7% to $ 11.5 million. Revenue increased 10.4% to $ 57.2 million in 2018. At the same time, Agroton’s...

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25 April 2019

Ovostar Union increased eggs processing 3%

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Ovostar Union, a Ukraine-based vertically integrated agroholding, increased the volume of eggs processing by 3% to 142 million eggs in Q1 2019, compared to 139 million eggs in Q1 2018. The company produced 735 tonnes of dry egg products and 3,600 tonnes of liquid egg products in Q1 2019, compared to 772 tonnes and 3,400 tonnes, respectively, in Q1...

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24 April 2019

Damate to increase dairy herd up to 6,000 cows

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Damate, a Russia-based agroholding has started the third stage of construction of its dairy complex Tyumen dairy farms. So far the dairy complex is among the largest milk facilities in Russia, with a dairy herd of 4,600 cows. With the launch of the project, the number of dairy cows is to reach 6,000, and the annual milk output of the complex is to...

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18 April 2019

Chinese large pig farms to be tested for African swine fewer

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The Ministry of Agriculture and Rural Affairs of China intends to fight the spread of African swine fewer among Chinese pig farms through early detection and prevention activities. The Ministry encourages large scale pig farms to test their pigs for the disease and is to approve special testing kits for this purpose. Also, the authorities are to...

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17 April 2019

SALIC acquired Australian agroholding Baladjie Pty

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The Saudi Agricultural & Livestock Investment Company (SALIC) continues strengthening its presence worldwide. The company reported about the acquisition of the Australian agroholding Baladjie Pty Ltd, operating 200,000 hectares of farmland and a sheep herd of 40,000 heads.  The deal value has not been disclosed. However, it has reportedly exceeded...

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16 April 2019

Ukrlandfarming doubled salaries in last two years

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Ukrlandfarming, one of the largest Ukrainian agroholdings, reported a 90% salary increase for its employees in the last two years. According to the CEO at Ukrlandfarming Oleg Bakhmatyuk, the company monthly allocates $ 9.36 million for the salaries. The average salary in the agroholding equals $ 410 (UAH 11,000), while the engineers at the company...

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15 April 2019

Miratorg launched genomic selection center

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Miratorg, Russia’s largest pork and beef producer, reports to have launched an innovative genomic selection center, which aims to study pig and cattle genomes. The facility’s operating budget equals $ 68.4 million (RUB 4.4 billion). With the expected performance of about 400 DNA-studies per year, the center is to join the world’s top 5 leading...

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15 April 2019

UKROAGRO ALLIANCE disproves KSG Agro’s announcement on restructuring its debt to Big Dutchman

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KSG Agro, a Ukraine-based agroholding, has allegedly released misleading news on restructuring its debt to Big Dutchman. Another Ukrainian agroholding, UKROAGRO ALLIANCE, reports to have taken over the KSG Agro’s debt to big Dutchman in October 2018 while the agreement between KSG Agro and UKROAGRO ALLIANCE on further debt repayment was signed in...

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12 April 2019

EkoNiva launched new dairy farm

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EkoNiva, the largest Russian producer of raw milk and a subsidiary of German Ekozem-Agrar, launched a new dairy farm in the Ryazan region. The farm is designed for 2,800 dairy cows and 4,200 calves. The total milk output is to reach 80 tonnes per day. The volume of investment exceeded $ 46.7 million (RUB 3 billion). With the launch of the farm the...

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12 April 2019

Desdelsur got funding from IABD and Rabobank

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Desdelsur, an Argentina-based agroholding operating 56,000 hectares of farmland has received a $ 30 million loan facility from the Inter-American Development Bank and the Dutch Rabobank. The agroholding plans to invest in the modernization of its processing plants, increase the amount of livestock and renew its machinery park. So far, Desdelsur...

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