Business news from Ukraine

KSG Agro will grow coriander on 220 hectares

In 2024, KSG Agro will introduce a new crop to its crop rotation – coriander – on 220 hectares of land, the group’s press service reports.
“It’s no secret that due to the full-scale war, prices for certain crops do not allow agricultural producers to grow them at a profit. This encourages us to make adjustments to the range of crops we grow. So this year we are adding coriander to the crop rotation, which is the fastest growing among other essential oil crops in Ukraine,” said Dmytro Emelchenko, Head of the company’s crop production division.
He called the cultivation of coriander quite profitable, as it is a raw material for essential oil used in the food and cosmetic industries.
“It is also important for us that the best predecessors of coriander in the fields are winter crops, and it also grows well after corn,” added Emelchenko.
According to him, KSG Agro, a vertically integrated holding company, is one of the top 5 pork producers in Ukraine. It is also engaged in the production, storage, processing and sale of grains and oilseeds. Its land bank is about 21 thousand hectares in Dnipropetrovska and Kherson regions.
In January-September 2023, KSG Agro earned $1,336 million in net profit, which is almost 14 times more than in the same period of 2022. Its EBITDA for the three quarters of this year increased by 67% to $4.5 million, and sales revenue increased by 16% to $11.9 million.