Active consolidation in agribusiness affects the balance of power among market players. According to Infoline, Miratorg Agribusiness Holding, the first in terms of revenue in the industry, may give way to Rusagro group in 2019. Цршду Miratorg’s revenue can grow by only 7%, to 119.41 billion rubles, then Rusagro’s turnover after several mergers and acquisitions will increase to 120–125 billion rubles. The three largest agricultural holdings in Russia in terms of turnover in 2019 may change, follows from calculations in the Infoline rating. According to analyst Victor Linnikov, the first is the Miratorg Agro-Industrial Holding with revenue 111.6. Read more...
Despite bad market conditions, pork production in Russia has been growing at an unprecedented and uninterrupted pace lately. It is expected that the country will reach self-sufficiency by 2020. Export may not be far off either. Russia’s pork industry is growing very fast, that much is for sure. Estimates for 2016 pointed to a 9.3% year-on-year growth, when compared to 2015. Russia must have produced around 3.39 million tonnes (slaughterweight) in 2016, explains Dr Yuri Kovalev, chairman of Russia’s National Union for Pork Producers (NSS). In the last decade alone, says Kovalev, domestic pork production has doubled. This strong growth is mainly taken care of. Read more...
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