Marfrig, the world’s second-largest beef producer, has temporarily closed down the operations of its Minas refrigeration plant, located in the Brazilian state of Goiás, due to a fire that occurred last Friday. The causes and extent of the damage are being verified. Minas plant accounts for 4.5% of the company's total capacity in Brazil. The...

Broiler Invest, the subsidiary of the Russian agroholding Cherkizovo Group, plans to acquire Krasnoyaruzhsky Broiler, the subsidiary of Prioskolie company. The deal may reach RUB 560 million ($ 8.6million).The main activity of Krasnoyaruzhsky Broiler is poultry and eggs farming. The capacity of the complex amounts to 500,000 birds and 80 million...

The National Bank for Economic and Social Development (BNDES) of Brazil approved a loan of R$ 125 million ($ 33.8 million) for the Castrolanda Cooperativa Agroindustrial. The funds will be used to finance the construction of a milk powder factory and a piglet production unit in Parana state. The milk powder factory with a production capacity of 3...

Miratorg, Russia’s largest producer of pork and beef, plans to invest RUB 15 billion ($ 230 million) in the expansion of its meat production. The company plans to build two sheep-breeding farms for 134,000 lambs in the Tula region. The farms will sell up to 6,600 tonnes (live weight) of meat per year. Miratorg also plans to build a feedlot for...

Kuban agroholding, part of Basic Element business group, plans to launch a cattle breeding center in the Krasnodar region of Russia by 2022. The investments are projected to amount to RUB 1.7 billion ($ 25.8 million). The center will be designed for 1,200 cows with a potential average yield of up to 12,000 kg of milk per year. The center plans to...

Miratorg holding plans to acquire a stake in the subsidiary company RAV Agro-Orel of the agroholding RAV Agro, which is a part of the Czech PFF Group. RAV Agro-Orel is engaged in crop and livestock production. The company’s landbank amounts to 36,400 hectares in the Oryol region of Russia. The estimated price for the land is about RUB 1.8 billion...

Steppe Agroholding, operated by Sistema business group, plans to open a dairy farm in the Rostov region of Russia. The construction of the farm for 7,000 heads of cattle is expected to begin this year. The investments amounting to RUB 2 billion ($ 30.3 million) will be financed by Alfa-Bank. The farm is expected to be launched in 2022. The milk...

Los Grobo, the holding company of the Grobocopatel family, incurred losses of more than $ 1.500 million due to exposure of its debt to appreciation of the foreign currency. The strong peso devaluation of recent months complicated the operations of one of the largest agricultural groups in Argentina to the extent that it referred to a complicated...

AgroGeneration, an agroholding with operations in Ukraine and headquarters in Paris, received net profit of EUR 1.8 million ($ 2 million) in January-June 2018. During the same period of 2017, the company made a EUR 305,000 ($ 347,651) loss. The revenue of the company grew by 52 % to EUR 17.4 million ($ 19.8 million). At the same time, gross profit...