Russian gas giant Gazprom does not fear competition from the U.S. liquefied natural gas (LNG), Deputy CEO Alexander Medvedev said. “We are very well prepared for competition. When they ask me if we fear competition with the U.S. LNG, I openly say that I am not afraid of that”, he said. Gazprom’s confidence comes from…
On October 4, Egypt purchased 240 KMT of milling wheat from Russia for shipment during November 1-10, at the average price of $187.11/MT C&F. The price at the previous tender equaled $187.03/MT C&F. The purchase included: 60 KMT of Russian wheat from Union at $186.32/MT C&F ($177.77/MT FOB with a freight rate of $8.55/MT); 120…
On September 22-29, CBOT corn prices declined by 2.2%. Last week heavy rains delayed corn harvesting in the USA. Farmers threshed corn from 15% of the intended area (16% in 2015), which was 4% below the five-year average. However, favorable weather conditions established in many producing regions, which allowed increasing the harvesting pace, and pressured…
Agrarians of Belarus completed the mass planting campaign of winter grain crops, the Ministry of Agriculture and Food of Belarus declared. Thus, the general planted areas under winter grains in the country totaled 1.3 million ha (100.5% of the plan). In particular, Mogilev region planted winter crops throughout 113% of the plan, Minsk region –…
On September 30, the international exhibition of arms ADEX-2016 came to an end. Ukraine was represented by the State Concern “UkrOboronProm,” having represented Ukrainian armored vehicles, combat modules, aviation and marine industries projects, missiles and other samples of military equipment. On the first day of the exhibition, September 27, President of the Republic of Azerbaijan…
Independent rating agency Credit-Rating announced the confirmation of the long-term credit rating of the First Ukrainian International Bank (FUIB) at the level uaAA. The rating outlook is stable. The agency has also confirmed the deposits reliability rating of the bank at the level of “5” (highest reliability). The rating was updated on September 29. When…