22 March 2019
Raiffeisen Bank filed a lawsuit against Agroinvestgroup
News -Raiffeisen Bank Aval, the Ukrainian branch of Raiffeisen Bank, filed a $ 123,900 lawsuit to the arbitration court of the Odessa region of Ukraine against the Agroinvestgroup agroholding. According to Raiffeisen Bank, Agroinvestgroup violated its obligations under the loan agreement with the bank.
...
21 March 2019
Agroprosperis shipped a record volume of crops
News -Agroprosperis, an agroholding operating 12 elevators at five subsidiaries in different regions of Ukraine, shipped a record volume of 1.5 million tonnes of crops in the 2018/19 FY, which exceeds the volume of 2017/18 FY by 200,000 tonnes. Agroprosperis is a subsidiary of the US-based equity fund New Century Holdings (NCH) that operates 400,000...
21 March 2019
HarvEast: 2019 cost of sowing substantially higher than 2018
News -HarvEast, an agroholding managing 123,000 hectares of farmland in Ukraine, reported about a significant increase of the costs of sowing in 2019 compared to 2018. The main reason behind the cost increase is the rise of the prices of pesticides, fertilizers and seeds. The dollar prices of inputs have grown 3-5% while the hryvnia prices have risen 7%...
21 March 2019
Gals Agro announced production plans for 2019
News -Gals Agro, an agroholding operating 35,000 hectares of farmland in the Kyiv and Chernihiv regions of Ukraine, plans to expand its pig farming business, area under perennial plantations, as well as the volume of sugar production in 2019.
In 2018, the company produced 3,200 tonnes of pork, and it is expecting to enlarge the pig herd by 15% in 2019....
15 March 2019
IMC to sell its bread plant
News -The Ukrainian agroholding IMC put one of its subsidiaries, the Bobrovytskyi Bread Plant, up for sale. The total price is set at $ 315,000, while the plant’s equipment is estimated at $ 155,000. The plant occupies the area of 0.99 hectares in the town of Bobrovytsia in the Chernihiv region of Ukraine and has been out of operation since 2013.
...
15 March 2019
Rusagro doubled net profit in 2018
News -Rusagro, one of the largest Russian agroholdings, reported on the financial results for year 2018. The company’s net profit jumped 2.3 times to RUB 12.8 billion ($ 196 million), while the revenue increased 5% to RUB 83 billion ($ 1.27 billion). The EBITDA rose 16% to RUB 16.2 billion ($ 248 million). As for late 2018, the net debt equaled RUB 54.3...
13 March 2019
KSG Agro to boost pig production 20% in 2020
News -KSG Agro, a Ukraine-based agroholding, is to put into operation a new facility for 714 sows at its pig farm in the Dnipropetrovsk region of Ukraine within 2019. The estimated volume of investment will reach UAH 11 million ($416,230). So far, the farm produces up to 10,000 piglets per month. With the launch of the facility, the farm’s production...
13 March 2019
TAS Agro to increase freight fleet up to 10,000 grain hopper cars
News -TAS Agro, a Ukraine-based agroholding engaged in crop production, plans to increase its freight fleet up to 10,000 hopper cars in the next 5-7 years. For this purpose, TAS Agro plans to attract foreign investors. Currently, the company owns 1,200 grain hoppers and 160 open wagons. ...
12 March 2019
EkoNiva to invest in dairy farms
News -EkoNiva, the largest Russian producer of raw milk, plans to start the construction of two dairy farms in the Stupinsky district of the Moscow region of Russia in spring 2019. Each farm will be designed for 3,000 cows, with a total production capacity of 200 tonnes of milk per day. The total volume of investment in both farms is estimated at RUB 6...
12 March 2019
Nibulon stored a record volume of grain
News -Nibulon, one of the Ukraine’s leading agroholdings, reported to have stored 4.2 million tonnes of grain within 8 months of 2018/19 fiscal year (FY), a record high within a mentioned period in the company’s history. 1.3 million tonnes of grain out of a total amount have been stored by Nibulon’s grain elevator in the city of Mykolayiv.
In 2019,...