Business news from Ukraine

Business news from Ukraine

KSG Agro to export 7 thousand tons of agricultural products by early March

10 February , 2023  

KSG Agro holding by the beginning of March 2023 intends to export to Asia and Africa 7 thousand tons of cereals, which will be shipped through the ports of Odessa and Odessa region in the “grain corridor”.
As reported in a press release from the group of companies in January-February 2023 at the ports of Odessa and Odessa region has already delivered more than half of the planned exports of agricultural products.
It is specified that the batch of crops consists of 4 thousand tons of wheat, 2 thousand tons of barley and 1 thousand tons of corn.
“Export of grain crops for us is not only a diversification of sales, but also a contribution to global food security. With the effective and safe operation of the “grain corridor” we are planning to continue exporting our products”, – the words of the head of the board of directors of the holding Sergey Kasyanov are given in the report.
Vertically integrated holding KSG Agro is engaged in pig breeding, as well as the production, storage, processing and sale of grain and oilseeds. Its land bank is about 21,000 hectares.
According to the agricultural holding, it is one of the top five pork producers in Ukraine.
KSG Agro in 2021 increased its net profit by 16 times compared to 2020 – up to $20.27 million, revenue – by 44% to $30.75 million, while increasing EBITDA by half – to $12.28 million.

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