Monday, 24 April 2017

Monday AM Black Sea agribusiness news

Russian Ministry of Agriculture say the total volume of issued credit resources for seasonal field work rose to 104.76 billion roubles, which is 13.3% more than in the same period last year.

As of April 20, Russia spring sowing stood at 5.8 million hectares or 11% of the forecast.

As of April 21 Ukraine spring sowing stood at 2.8 million hectares or 39% of the forecast.

Dagestan takes second place in Russia for rice production.

Belarusian farmers started planting spring rape for the 2017 harvest with 3,000ha planted so far.

Paris-listed AgroGeneration, which farms about 100,000 hectares in Ukraine, reported full-year (EBITDA) earnings  of €19.4 million for 2016, dipping from €19.9 million in 2015.

Russia’s largest vertically integrated agriculture holding company, Rusagro Group, which farms about 600,000 hectares, reported Q1 results for sugar up 26%, meat up 31%, agriculture up 9% with oil and fat segment down 25 %.