AGS increased its revenue to $100 million thanks to active market development and new clients from Turkey, China, and India.

The revenue of the enlarged international agro-trading company AGS for the season 2023/24 has exceeded a staggering mark of $100 million. The company's success is explained by active development of key market segments, despite difficulties in logistics processes. A significant part of the revenue, namely 43%, came from feed products, while legumes and oilseeds accounted for 42%.

In natural terms, AGS's exports in the previous season reached 346 thousand tons, compared to 200 thousand tons in the 2022/23 year. In particular, the volume of shipments of processed products amounted to 218 thousand tons, and legumes and oilseeds - 99 thousand tons. Previously, they were 190 thousand tons and 11 thousand tons, respectively. The largest contribution to the company's export revenue was made by wheat and corn bran, as well as yellow peas and oats.

In the season 2023/24, the new key clients of AGS became Turkey, China, and India. In the previous year, Pakistan was on this list instead of India. In the past agricultural year, about 10% of revenue and 4% of shipments volume was accounted for by East African countries - an important direction for the company's development. Currently, through procurement offices in Tanzania and Mozambique, preferential supplies are made to India and China.

Along with increasing export volumes, AGS continues to expand its geographical reach. In the season 2023/24, the company opened new logistic routes, including the first corn shipments from Vladivostok to South Korea, regular shipments from the Altai region to China, and exports from Astrakhan. Special attention is paid to developing a presence in promising markets. In 2024, AGS opened a representation in India, focusing on supplying agricultural products from Africa and developing local distribution. This also provides new opportunities for exporting products such as sesame, raw cashew nuts, soybeans, green peas, and ginger.

Speaking of processed products, the previous season was particularly challenging, notes the founder of AGS, Akim Talibov. First of all, from August to November 2023, a local crisis was observed, caused by a significant reduction in processed products consumption in Turkey. Secondly, new duties were introduced, which also affected processed products and other goods, leading to a decrease in margin.

In addition, in the first two quarters of 2024, the margin of oilseeds also dropped due to problems with freight and logistics. The blocking of the Red Sea forced shipping companies to bypass the Suez Canal, significantly increasing container freight costs. This affected the profitability of oilseeds supplied to Southeast Asian countries. However, thanks to the diversity of AGS's business, the company flexibly responds to market changes and compensates for the decrease in margin by reallocating resources to more profitable directions.

AGS is an international agro-trading company specializing in the sale of niche crops and has offices in Russia, Tanzania, UAE, Mozambique, and Turkey. The head office is located in the UAE. The firm "Agro Zerno Yug" acts as the representative office of AGS in Russia, dealing with the procurement of agricultural crops. The products are exported to more than 26 countries.