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.
KSG Agro and Genesus Ukraine LLC (Kyiv) have signed a one-year contract for the supply of 3.5 thousand head of Canadian-bred pigs of Genesus breeding, the press service of the agricultural holding reported.
According to the report, Genesus Ukraine undertook to supply 3.5 thousand heads of purebred and hybrid pigs GP (Yorkshire) and F1 (Yorkshire + Landrace) to the pig farms of KSG Agro in 2024. In addition, 30 heads of purebred boars of the Duroc and Landrace breeds will be supplied under the agreement. The first delivery of pigs is expected on March 1, 2024.
“We have repeatedly noted the qualitative advantages of Canadian Genesus pigs, which are superior to their European counterparts in terms of litter size, farrowing weight and meat quality. This year, we will continue the process of renewing the pig herd, which began in 2023 and is aimed at improving the quality characteristics of the herd. These include improving the health of piglets and improving the taste of meat,” said Sergiy Kasyanov, Chairman of the Board of Directors of KSG Agro.
“Our company has been cooperating with KSG Agro, one of the leaders in the Ukrainian pig breeding market, for three years now. And this year our cooperation is reaching a new level in terms of volume. This once again proves in practice that Genesus pigs are hardy, grow quickly and develop well, producing the maximum possible number of kilograms of piglets per square meter of farm,” said Genesus representative in Ukraine Yevhen Shatokhin.
KSG Agro noted that the main quality indicators of Canadian Genesus pigs are 2.55 farrowings per year, 16 piglets born, the average weaning age is 21 days, and the average weaning weight is 6-6.3 kg.
KSG Agro, a vertically integrated holding company, is engaged in pig production, as well as the production, storage, processing and sale of grains and oilseeds. Its land bank is about 21 thousand hectares in Dnipropetrovska and Kherson regions.
According to the agricultural holding, it is one of the top 5 pork producers in Ukraine. In 2023, it launched a “network-centric” strategy, which will move from developing a large location to a number of smaller pork production facilities located in different regions of Ukraine.
In January-September 2023, KSG Agro earned $1,336 million in net profit, which is almost 14 times more than in the same period in 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.
Genesus is the world’s largest privately held genetics company specializing in the breeding of pigs. Genesus is headquartered in Manitoba, Canada. The company’s nucleus and breeding farms are located in many countries around the world, including Canada, the United States, China, Thailand, the Philippines, France, Spain, Germany, and the United Kingdom.
Genesus Ukraine LLC supplies pigs from the UK and Canada, and in Ukraine owns pig breeding facilities at Agrarian Company 2004 LLC (Popovtsi, Khmelnytsky region), which is part of the Vitagro agricultural holding.
According to the Unified Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiary of Genesus Ukraine is Andriy Zaretskyi (Kyiv).
In December 2023, KSG Agro agricultural holding exported 4600 tons of wheat to Spain, the company’s press service reports.
According to the report, the wheat was purchased by grain trading companies.
“In wartime, any export delivery is always a task with many unknowns. However, despite numerous difficulties, we continue to export grain to international markets. In the current most difficult period of Ukraine’s history, the food security of many countries depends on us, agricultural producers and exporters,” said Sergiy Kasyanov, Chairman of the Board of Directors of KSG Agro, as quoted in the report.
As reported, in the first quarter of 2023, KSG Agro exported 4,200 tons of grain crops mainly to Asia and Africa. Deliveries were made as part of the “grain corridor” through the ports of Odesa and Odesa region.
KSG Agro, a vertically integrated holding company, 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 Dnipropetrovska and Kherson regions.
According to the agricultural holding, it is one of the top 5 pork producers in Ukraine.
In January-September 2023, KSG Agro received $1,336 million in net profit, which is almost 14 times more than in the same period in 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.
The farms of KSG Agro have completed the sunflower harvesting campaign on an area of 7,360 hectares with a yield of 24 c/ha, the press service of the agricultural holding reported.
“The results of the harvesting campaign are positive for us, thanks to weather conditions with sufficient rainfall. We predicted a final yield of 23-25 cwt/ha, but in fact we got 24 cwt/ha. This year’s harvesting campaign was delayed because we partially used seeds with a late maturity. We should also mention the results of Apostolivske branch, which for the first time since it joined the holding achieved high sunflower yields of 24.5 c/ha,” said Dmytro Emelchenko, Head of the company’s crop production division, as quoted in the press release.
According to him, in parallel with the sunflower harvesting campaign, the holding’s farms sowed winter wheat on an area of 2 thou hectares and rapeseed on an area of 1.5 thou hectares.
“The peculiarity of this year’s winter crops was that due to weather conditions we sowed almost dry. Nevertheless, the seedlings received at the end of October are in satisfactory good condition,” said Mr. Yemelchenko.
KSG Agro, a vertically integrated holding company, is engaged in pig production, as well as the production, storage, processing and sale of grains and oilseeds. Its land bank is about 21 thousand hectares in Dnipropetrovska and Kherson regions.
According to the agricultural holding, it is one of the top 5 pork producers in Ukraine.
Last year, due to the full-scale war launched by Russia, KSG Agro ended with a net loss of $1.68 million compared to $17.71 million in net profit in 2021, its EBITDA decreased 5.5 times to $1.79 million, and revenue decreased by 47.3% to $16.2 million.
In the first quarter of 2023, the agricultural holding earned $1.53 million in net profit, which is 17% less than in the same period last year. Its EBITDA increased by 23% to $1.87 million and revenue by 45% to $5.12 million.
Agroholding KSG Agro posted $1.04 million in net profit in the first half of 2023, up 21.2% from the same period last year.
According to the company’s report on the Warsaw Stock Exchange on Tuesday, its EBITDA fell 27% to $1.61 million.
It is stated that KSG Agro’s revenue in January-June this year increased 23% year-on-year to $7.41 million, while gross profit decreased 13% to $1.79 million and operating profit decreased 37% to $0.94 million.
“The group continues to execute its simple strategy of focusing on three winter crops, two spring crops and single breed hogs,” the document notes.
It is specified that in the first half of 2023 KSG Agro exported 4.2 thousand tons of grain crops (wheat, corn, barley) mainly to Asia and Africa within the existing grain corridor through the ports of Odessa and Odessa region.
KSG Agro conducted sunflower sowing on the area of 7.3 thousand hectares at the end of May – beginning of June and during the growing season is engaged in chemical and mechanical tillage with mechanical cultivators and rotary harrows.
“The harvest is in good condition. The sowing campaign went on as planned, without major interruptions due to fighting,” the company said in a statement. According to it, harvesting of winter crops has been completed: barley yield was 3 tons/ha, rape – 2.5 tons/ha, wheat – 5 tons/ha.
The agricultural holding recalled that in June, the Kakhov dam on the Dnieper River was destroyed, which led to flooding of a number of regions downstream and drying up of several irrigation canals upstream. Although the group was partially dependent on water supplies from the canals, these supplies were not essential to the group’s operations. KSG Agro has switched to alternative water sources and does not foresee water shortages in the near future. None of the agro holding companies are located downstream of the dam and have not been affected by flooding.
KSG Agro, a vertically integrated holding company, is involved in pig farming, as well as the production, storage, processing and marketing of grains and oilseeds. Its land bank is about 21 thousand hectares in Dnepropetrovsk and Kherson regions.
According to the agroholding, it is among the top 5 pork producers in Ukraine.
Last year KSG Agro, due to the full-scale war started by Russia, ended 2022 with a net loss of $1.68 mln compared to $17.71 mln net profit in 2021, its EBITDA decreased 5.5 times to $1.79 mln, and its revenue decreased by 47.3% to $16.2 mln.
In the first quarter of this year, the agribusiness holding company earned $1.53 million in net income, down 17% from the same period last year. Its EBITDA increased by 23% to $1.87 mln, while revenue grew by 45% to $5.12 mln.
KSG Agro Holding has completed the harvesting campaign of winter crops – barley, rape and wheat on a total area of about 6.34 thousand hectares, including barley from 1.1 thousand hectares, rape from 2.138 thousand hectares, wheat from 3.1 thousand hectares, according to the group’s press release on Wednesday.
It is specified that barley yield amounted to 3 tons/ha, rapeseed – 2.5 tons/ha, which corresponds to last year’s indicators. The yield of winter wheat is twice as high as last year and showed 5 tons per hectare.
Efficient work of the holding farms’ collectives and weather conditions with sufficient rainfall allowed to obtain a good harvest result. Despite the pessimistic moods about winter crops in autumn and winter, associated with the rise in prices of fertilizers and NWR, we reached the break-even point and even remained in the pluses”, – the press service of the agricultural holding quoted the head of the plant division Dmitry Emelchenko.
In the harvesting campaign 13 combines were used – 2 of them John Deere, and the others – Claas Lexion. In addition, 4 hopper-loaders and about 50 trucks were used to transport the harvest.
KSG Agro, a vertically integrated holding company, is involved in pig farming as well as the production, storage, processing and marketing of cereals and oilseeds. Its land bank is about 21 thousand hectares in Dnepropetrovsk and Kherson regions.
According to the agroholding, it is among the top 5 pork producers in Ukraine.
Last year KSG Agro, due to the full-scale war started by Russia, ended 2022 with a net loss of $1.68 mln compared to $17.71 mln net profit in 2021, its EBITDA decreased 5.5 times to $1.79 mln, and its revenue decreased by 47.3% to $16.2 mln.
Agriholdnig earned $1.53 million in net income in January-March 2023, down 17% from the same period last year. Its EBITDA rose 23% to $1.87 million, with revenue up 45% year-on-year to $5.12 million, gross profit up 46% to $2.06 million and operating profit up 37% to $1.54 million.
