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Agroholding Rusagro expects to resolve the issue of feed supplies for animal husbandry from Primorye to the Chinese province of Heilongjiang within six months, CEO of the company Maxim Basov told TASS.

“Now there is a crisis in China in the pig industry, first of all we are interested in the Heilongjiang province, and if China allows us to import coastal feed into the territory of Mudanjiang, then, of course, to build pig farms there and supply them feed from Mikhailovka looks very profitable. I think that we will be able to resolve this issue within six months, and then we will be able to dramatically increase the production of compound feed in the Primorsky Territory and export it, “the message says.

He added that the prime cost of compound feed production in Primorye is much lower than in China. In general, Basov called the construction of livestock complexes in China an interesting and promising idea. He clarified that the holding is considering other sales markets, for example, Vietnam.

The Rusagro Group is one of the leading producers of sugar, pork and fat and oil products in Russia; it sells them in more than 80 regions of Russia and 35 countries of the world. The main owner of Rusagro is the family of Vadim Moshkovich (more than 70%), the management owns more than 7% of the shares. The share of securities in free float is about 20.5%. Rusagro shares are traded on the Moscow and London stock exchanges.

Net profit of Rusagro in accordance with international financial reporting standards in January-June 2021 increased by 81% compared to the previous year and amounted to 17.6 billion rubles.

A source: TASS

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

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