As of September 1, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 32.6 million ha (on the same date in 2015 – 27.1 million ha), or 68.9% of the planned areas (47.3 million ha). The produced volumes reached 92.2 million tons of grains, with the average yield…
Russia can have the highest grain harvest in its entire history in the 2016-2017 agricultural year, Prime Minister Dmitry Medvedev said. “We can expect quite decent results, maybe, I do not want to say too early but these will be the results of a really high level over the last decades, maybe over the entire…
The Russian government has annulled the wheat export duty for two years, Prime Minister Dmitry Medvedev said. “We have decided to annul the wheat export duty for the next two years. The grain market will receive an additional stimulus for growth as the result of this”, Medvedev said. Russia imposed the wheat export duty on…
Export prices for Russian high-protein wheat fluctuated during the week, but showed a slight decrease. On the one hand, the pressure was caused by drop in wheat quotations on the global market (on the Chicago Board of Trade -10.2% over the week), and on the other – prices were supported by the slower pace of…
Cancellation of the export duties on Russian wheat will positively impact the grain supplies on foreign markets and increase the volumes by 5 million tons – to 30 million tons per year. At the same time, last year the exports reached 25 million tons, the First Deputy Minister of Agriculture Jambulat Khatuov declared. The government…
Russian winery Abrau-Durso plans to aggressively extend its asset volume through purchases, CEO Pavel Titov said. “We plan to show a quite aggressive behavior on the market. We want to continue merger and acquisition deals”, Titov said. Earlier in August, Abrau-Durso bought bankrupt winery Russkaya Loza for 190.35 million rubles. Titov also said that the…
Yamal LNG liquefied natural gas plant project led by independent gas producer Novatek can receive a $400 million loan from the Japan Bank for International Cooperation (JBIC), Bloomberg reported citing JBIC CEO Tadashi Maeda. JBIC has almost finalized the agreement with the project and plans to sign a memorandum of understanding for strategic partnership with…