29.09.2017 / Bloomberg, Anatoly Medetsky
Russia has transformed its agriculture industry since the Soviet era as imports of foreign capital, equipment and technology helped farmers create one of the world’s biggest crop producers. Now the country is targeting the next step in bolstering its agricultural muscle -- seeds.
Many growers use specialized seeds designed to resist pests, disease and drought, but more than half for some crops come from foreign producers including Monsanto Co. and Syngenta AG that dominate a global market valued at more than $58 billion. Russian firms including Ros Agro Plc and billionaire Oleg Deripaska’s farm unit want to reduce that reliance on imports by creating their own seeds for everything from corn to sunflowers and sugar beets.
Kuban Agro holding company, one of Russia’s largest agribusinesses and part of Basic Element industrial group, announces full year production and financial results for 2016. Company’s revenue reached 10.8 bln rubles, over 8% increase year-on-year.
28.07.2016 / Dairy Global, Vladislav Vorotnikov
The Russian dairy industry may soon benefit from embryo transfer of Holsteins, a cheaper alternative than importing Holstein cattle into the country. The Kuban Agro project aims to increase the use of this breeding technique.
18.05.2016 / World Grain
Kuban Agro Holding reported on May 17 a net profit of 2 billion rubles ($30.7 million) in 2015, a 79.4%-increase compared to 1.1 billion rubles in 2014. The company’s revenue increased by 32% to 10 billion rubles compared to 7.3 billion rubles in 2014.