Business news from Ukraine


20 April , 2022  

The number of pigs of the agricultural holding KSG Agro as of April 1 of this year increased by 1% (0.51 thousand heads) compared to a month earlier, from 54.02 thousand heads to 54.53 thousand heads, then as the sale of live pigs by him increased by 3%, from 6.08 thousand to 6.25 thousand heads, according to a press release from the group on Wednesday.
“Despite the extremely difficult situation in the country as a result of martial law, characterized by a break in supply chains, we, by creating a stock of feed and updating the number of sows last year, managed to increase the number of pigs and the volume of their sale,” the head of the board of directors said in a statement. KSG Agro Sergey Kasyanov.
According to him, the agricultural holding intends to continue stable work and will gradually increase production indicators, thereby ensuring the food security of Ukraine and helping the Ukrainian armed forces with its products.
As reported, KSG Agro in April began to form a three-month strategic stock of raw materials for fattening pigs at its own feed mill to ensure the uninterrupted operation of its pig farm in the context of the Russian military invasion of Ukraine.
The vertically integrated holding KSG Agro is engaged in pig breeding, as well as the production, storage, processing and sale of grains and oilseeds. Its land bank is about 21 thousand hectares in the Dnepropetrovsk and Kherson regions.
According to the agricultural holding itself, it is among the top 5 pork producers in Ukraine.
KSG Agro in 2020 reduced net profit by 3.2 times compared to 2019 – to $1.27 million, revenue – by 11%, to $21.34 million, while increasing EBITDA by 2.9 times – to $6, 02 million