Russia: peas exported at record high pace

In August Russia exported record high monthly volume of peas – 130.8 KMT. Over the first 2 months of 2016/2017 export shipments of peas rose by 72% to 240 KMT against 139.3 KMT in July-August 2015/2016. Turkey remained the traditional importer of Russian peas over this period, importing 150 KMT – more than third of…

Kazakhstan: GAZ signs memo to assemble cars

Car producer GAZ Group has signed several memorandums with Kazakhstan’s Semipalatinsky car assembling plant (SemAZ) to organize local assembly of its vehicles, the Russian company said in a statement. “The supply of car kits for mass production of GAZelle Next, GAZon Next and GAZelle Business, and heavy-duty equipment Ural Next, small, medium and heavy-duty buses…

Ukraine: IMF forecasts GDP growth in 2017

The International Monetary Fund (IMF) forecasts Ukraine’s GDP at the level of 2.5% in 2017, according to the IMF’s World Economic Outlook. In particular, according to the table with data on CIS countries, Ukraine’s real GDP totaled minus 9.9% in 2015, while in 2016 it is estimated at 1.5%, and is projected at 2.5% in…

Egypt: Russian wheat purchased

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…

USA: CBOT corn prices down in late September 2016

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…

Ukraine: Yuzgas to disclose beneficiaries after contract on Yuzivska field agreed with government

Yuzgas B.V. (the Netherlands) and its parent company, Emerstone Energy investment fund (Luxembourg), will consider the disclosure of their ultimate beneficiaries after they agree on the main provisions of the agreement on Yuzivska deposit with the government of Ukraine, reads a letter to Ukraine’s Energy and Coal Industry Minister Ihor Nasalyk, promulgated by MP Viktoria…