In the 2015/2016 marketing year rapeseed gross production in Russia reached slightly more than 1000 KMT. This result was obtained in conditions of decreasing planted area for the second consecutive season to 1038 thousand ha compared with record 1326 thousand ha in the 2013/2014 marketing year. In addition to acreage reduction, the productivity has also…
As of September 5, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 34.5 million ha (on the same date in 2015 – 27.7 million ha), or 73% of the planned areas (47.3 million ha). The produced volumes reached 95.6 million tons of grains, with the average yield…
Since the beginning of 2016/2017 MY, and as of August 31, the volume of grain exports from Russia totaled 5.366 million tons, down by 7% YoY (5.781 million tons), the Ministry of Agriculture of the Russian Federation declared. According to the announcement, the wheat volumes formed 4.494 million tons from the reporting export volumes, barley…
The volatility of the currency and commodity markets, as well as high debt in developed countries are constraints for the growth of the world economy, Russian President Vladimir Putin said at an informal meeting of the leaders of BRICS (Brazil, Russia, India, China, South Africa) on the sidelines of G20 summit. He said that “unfortunately,…
Russian power producer T Plus, which saw a police search and a CEO detention on Tuesday over a corruption case, has appointed First Deputy CEO Andrei Vagner as acting CEO, the company said in a statement. Chairman of T Plus board of directors Yevgeny Olkhovik and CEO Boris Vainzikher were detained on Monday on suspicion…
Russia’s Reserve Fund, which protects the budget against falls in oil prices, decreased by 15.7% in August to $32.2 billion as of September 1, the Finance Ministry said in a statement. The National Wealth Fund, designed to secure the country’s pension system, rose by 0.7% to $72.71 billion. In ruble terms, the Reserve Fund fell…
Over 40 import contracts on the deliveries of defensive equipment for the Ukrainian army, with their total value of $1.5 billion, are currently carried out. Ukrainian President Petro Poroshenko said this during his annual address in the Verkhovna Rada on September 6. “We praise the support from the side of our western partners. Over 40…