Business news from Ukraine

FUTURE OF FARMING DIALOGUE: TRANSFORMATION OF AGRICULTURE THROUGH DIGITAL TECHNOLOGY

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Virtual reality: to what extent does technology affect the success of a grower?

Date December 2, 2021 (Thursday)

Time 14:00

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Technology has changed dramatically over the last twenty years. Thanks to its rapid development, we explore, interact, buy and live differently. Agriculture is no exception. Growers can no longer work without satellites, drones and artificial intelligence. Technologies that help to collect data are becoming very important. However, perception of modern agriculture can be quite different – from a small farmer in a cab of old tractor to highly mechanized operations full of tractors and thousands of hectares. Sometimes it may seem that only high-tech farms use digital technology. But this is not quite true. Similar to how everyone on the planet uses smartphones, growers protect their crops with digital technology. But can digitalization really transform agriculture?  Can a farmer grow more using less?

This is what we will discuss on December 2 during the panel discussion “Transformation of Agriculture through Digital Technology”:

  • Is it possible to increase trust, transparency, reduce risks and be efficient in the relationship with a client, by providing new technologies, new opportunities, and a scientific basis?
  • How do optimal based pricing models and digital tools help to create sustainable food system?
  • How do investments in the development of new crop protection products, innovative genetics and digital tools help farmers to get better yields and to protect environment?
  • What is the role of data in decision-making?

These and other important topics our participants will be discussing during the panel discussion:

  • Olga Trofimtseva, President of Agricultural Platform
  • Sergiy Sychevskyi, Business Development Manager, Bayer
  • Dmytro Zaitsev, Head of Precision Agriculture Department, Continental Farmers Group
  • Mykola Chornonos, Head of Precision Agriculture Department and Telemetry in Ukraine, Moldova, Scandinavia and the Baltics, CNH Ukraine.
  • Kirill Druzhynin, Head of Innovations, Agrain

Moderator: Oleg Nivievskyi, Assistant Professor/Center for Food and Land Use Research at Kyiv School of Economics

Partner: Bayer.

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UKRAINIAN AGRARIAN ASSOCIATIONS NEED 1.25 BCM OF GAS TO PRODUCE FERTILIZERS – UAC

Public associations of farmers are asking the government to consider the possibility of providing chemical enterprises with a commodity loan for 1.25 billion cubic meters of natural gas for the production of mineral fertilizers, this will avoid a shortage of fertilizers and “unrestrained price increases” for them next spring.The corresponding appeal of the Ukrainian Agribusiness Club (UAC), the Agrarian Union of Ukraine, the Federation of Employers, the Union of Chemists of Ukraine, the Ukrainian League of Industrialists and Entrepreneurs, the Council of Entrepreneurs under the Cabinet of Ministers of Ukraine, the Ukrainian Agri Council and the Ukrainian Agrarian confederation to Prime Minister Denys Shmyhal was published on the UAC’s website.As stated in the appeal, over the past month, most of the major European producers of nitrogen mineral fertilizers have reduced production due to a sharp rise in prices for natural gas, which leads to a shortage of mineral fertilizers in the European and world markets.According to UAC, Ukraine meets the needs for mineral fertilizers mainly due to domestic production, while in order to provide the country’s sowing campaign, 2.3 million tonnes of fertilizers are needed for the period of November 2021-May 2022, of which 75% is expected from domestic production and 25% – from import supplies.In such conditions, an important component of providing Ukrainian farmers with nitrogen fertilizers is the stable and uninterrupted operation of domestic producers, primarily in the winter period, when their stock is formed for the spring sowing campaign and feeding winter crops. In turn, this can be achieved only if there is a necessary supply of natural gas, the main raw material for the chemical industry at a stable price.The associations in their appeal suggested that the government consider the possibility of allocating a commodity loan for 1.25 billion cubic meters of natural gas to domestic producers of nitrogen fertilizers for the period from November 2021 to April 2022 at the expense of the reserves of NJSC Naftogaz Ukrainy.

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KSG AGRO INCREASES CREDIT LINE AT TASCOMBANK BY $6.5 MLN

KSG Agro agricultural holding increased the multicurrency credit line at TAScombank (Kyiv) from $12 million to $18.5 million, the company said in a report published on the website of the Warsaw Stock Exchange on Monday.
“We can use these lines for sowing and harvesting […] In addition, one of the goals of increasing the credit line is to refinance foreign exchange obligations and hedge currency risks,” Chairman of the Board of Directors of KSG Agro Serhiy Kasianov said.
He said that part of the funds is also planned to be used for further reconstruction and modernization of the pig breeding farm in the village of Nyva Trudova (Dnipropetrovsk region).
According to the report, hryvnia equivalent for the volume of the credit line is UAH 522 million, the term is three years. The interest rate was not disclosed.
As reported, in April 2020, KSG Agro increased the existing credit line at TAScombank by almost $4 million, to $12 million.
The vertically integrated holding KSG Agro is engaged in pig breeding and production, storage, processing and sale of grain and oilseeds.

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UKRAINE USES OPPORTUNITIES OF 31 OUT OF 40 QUOTAS FOR DUTY-FREE EXPORT OF AGRO PRODUCTS TO EU

Ukrainian exporters this year will use the opportunities for 31 out of 40 tariff quotas for duty-free supplies of agricultural products to the European Union, as of the end of August, eight tariff quotas have already been fully used, the Development Director of the Ukrainian Horticultural Association, UN FAO International Consultant Yekateryna Zvereva has said.

“In 2020, Ukrainian exporters will take advantage of 31 out of 40 tariff quotas. As of the end of August, eight tariff quotas have already been fully used: honey, barley and flour, processed tomatoes, processed starch, grape and apple juices, corn, malt and starch products, sugar. Tariff quotas are used for cereals (81.2%), eggs and albumin (75%), poultry (73.4%), starch (73.3%), malt and wheat gluten (72.2%), additional quotas for eggs and albumin (60.4%), bran, waste and residues (55.2%), additional quota for poultry (53.1%), oats (45.3%), wheat (40.2%), etc.,” she wrote in a column for the Interfax-Ukraine agency.

According to Zvereva, in 2016-2019 the positive dynamics of development of trade with the European Union, which today is the main trade partner of Ukraine with a share of more than 41% of the total volume of trade in goods, is obvious. Trade in goods with high added value is gradually growing.

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KSG AGRO ENDS CAMPAIGN SOWING CROPS

KSG Аgro on May 19, 2020 completed the sowing campaign 2020 launched on April 8, and sunflower, maize and sunflower, maize and sorghum were sown on 10,420 ha. More…

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AGROHOLDING KSG AGRO HAS 77% FALL IN NET PROFIT – WARSAW STOCK EXCHANGE

KSG Agro agroholding saw $0.895 million of net profit in 2017, which is almost 77.4% less than in 2016. According to an unaudited report of the company posted on the website of the Warsaw Stock Exchange (WSE), revenue last year grew by 10.8%, to $23.19 million. Gross profit fell by 10.6%, to $11.64 million, and operating profit – by 29.6%, to $11.24 million.
Earnings before interest, taxes, depreciation and amortization (EBITDA) fell by 26.4%, to $12.73 million.
In 2017, the company increased sales of pigs and young pigs by 5.6%, to 9,810 tonnes (in monetary terms by 38.8% – to $11.8 million). Last year, the holding collected a crop harvest which was 1.6% less than in 2015 – 50,600 tonnes. In particular, 18,400 tonnes of sunflower, 19,700 tonnes of wheat, 5,200 tonnes of barley, 1,700 tonnes of corn, and 800 tonnes of rapeseed were harvested.
In the structure of KSG Agro’s revenue for the last year, the share of the grain segment decreased to 36% from 37% in 2016, the pig-breeding segment grew to 33% from 26%, processing – to 22% from 20%. Net debt of the company as of December 31, 2017 was $47.8 million.
KSG Agro restructured $3.88 million of liabilities for 30 years. This loan was previously taken in Credit Agricole Bank. In January 2018, the bank conceded it along with property rights as a pledge to a third party that restructured the loan.
The company is negotiating with international creditors related to the restructuring of the total debt of $18 million. The agroholding in 2017 signed letters of intent, which agreed on the preliminary conditions for debt restructuring. In accordance with them, KSG Agro is obliged to repay the debt in ten years starting from 2018. In December 2017, the group made a final decision on the choice of a legal adviser and began the process of preparing the agreement.

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