In July Ukraine produced 9.7 KMT of mayonnaise against 8.3 KMT in June of the current year and 9.6 KMT in July 2015. In January-July total production equals 69.2 KMT, which is slightly lower than over the same period of 2015, namely by 0.6 KMT or less than 1%. Considering the tendency of decreasing mayonnaise…
Uralkali, one of the world’s largest potash producers, announces the key decisions taken by its Board of Directors at a meeting on September 1. The board has approved of the list of candidates to be elected to the Board of Directors at Uralkali’s Extraordinary General Meeting (EGM), to be held on September 27: Dmitry Konyaev,…
Russia’s Economic Development Ministry has worsened its forecast for Russia’s gross domestic product (GDP) decline in 2016 to 0.5-0.6% from 0.2%, Minister Alexei Ulyukayev said. The ministry’s basic forecast earlier implied a 0.2% GDP fall in 2016 with an annual average oil price of $40 per barrel. (Prime/Business World Magazine)
Harvesting of sunflower and soybean has started in the southern regions of the Russian Federation and starting prices for raw materials of the new crop were announced in these regions. During last week Russian market of sunflower oil was characterized by a minimum volume of sales and a further decrease in producer prices. With increase…
The wholesale domestic price of Russian gas can increase by 2.5-3% in 2017, Deputy Economic Development Minister Nikolai Podguzov reported. As regards the 2016 gas price increase, Podguzov said that the decision should be made by the Federal Antimonopoly Service. (Prime/Business World Magazine)
Russia’s broiler meat production is expected to grow slightly in 2017, by 0.5% to 3.77 million metric tons (MMT, ready-to-cook weight), according to the latest report from the US Department of Agriculture’s Foreign Agricultural Service (FAS). After two decades of accelerated growth, the industrial production of chicken meat has reached the capacity needed to satisfy…
Small-sized farm “Domashenkov A.G.” launched the first rapeseed crushing plant in Nizhegorodsk region with the project capacity of 12 KMT of rapeseed per day. Out of every MT of raw material the farmers plan to obtain 400 kg of vegoil and 600 kg of cake. According to Russian AgMin, thanks to the participation of farmers…