VTB expands its grain infrastructure

One of the largest Russian grain exporters plans to create its own elevator capacities.

Mirogroup Resources supplies grain and oil crops to more than 20 countries around the world.

The company was founded in 2014, and already in 2015 it entered the top five leaders of the domestic export market.

In 2020, Demetra-Holding became the 100% owner of shares in Mirogroup Resources LLC.

In 2019, Mirogroup supplied 3.71 million tons of grain to importers; approximately 1/10 of all grain exports from the Russian Federation, excluding the EAEU, reaching the second line in the TOP-5 among the largest traders.

But so far, according to the analytical platform Logistic OS, this season the company has shipped only 704 thousand tons of grain, 21.6% less than the same period last year, reducing its percentage in the total volume of exports.



The company plans to acquire and build 4 elevators in the Krasnodar and Stavropol Territories, as well as in the Voronezh Region.

Proposed objects: Anninsky elevator with a capacity of 210 thousand tons (owned by the Moscow Industrial Bank) and Ipatovsky elevator with a capacity of 195.1 thousand tons (part of the Louis Dreyfus holding).

The estimated volume of investments is 1 billion rubles.

Although the question of purchasing a finished elevator or building a new one, as they say, are two big differences: the construction of a new elevator with a capacity of 100 thousand tons will cost about $ 10 million, and the rent of an existing one — 50-80 rubles per ton without acceptance and shipment.

But the construction of a new elevator is not a quick business, and it will pay off for a long time, and there is enough free storage capacity in the country.

On the other hand, having your own elevators, you can buy grain, form lots of the required quality and store it until sale at the best prices.

On the other hand, there is a trend towards specialization and outsourcing on the market.

For the last 10 years, traders, as a rule, either sell elevators and switch to deliveries on CPT terms (delivery by the seller of goods immediately to the destination), or store grain with partners.

Although there is another possible message to the plans of «Mirogroup»: the company plans to launch block trains.

Such logistics of shipment allows the trains to run from the elevator to the place of unloading and back without stopping for additional loading.

This allows you to increase grain turnover and control its quality.

So far, only the Novorossiysk Plant of Grain Products has the possibility of such acceptance of trains (VTB owns a controlling stake, including through JSC OZK).

In March this year, Rusagrotrans, together with Mirogroup Resources, sent for export the first block train from the south of Russia.

The train carried 52 wagons of wheat with a volume of 3.8 thousand tons: the delivery of the cargo took two days, which is 2.5 times faster than usual.

Rusagrotrans is a part of Rusagrotrans, 50% and one share of which belongs to VTB.

And in Demetra-Holding, which owns 100% of shares in Mirogroup Resources, 50% plus one share belongs to VTB.

Thus, VTB is steadily following its policy of creating the largest agricultural holding in Russia with an extensive infrastructure and well-built logistics.