Ukraine: wheat prices strengthen

The downward trend in Ukrainian export market changed to some price growth. Last week wheat export prices strengthened. The prices for 2nd grade wheat (12.5% protein) grew by $1 to $168-170/MT FOB, while 3rd grade wheat prices (11.5% protein) reached $161-164/MT FOB for October delivery. Some recovery of importers’ demand for October-November was observed on…

Ukraine: broiler production hits record heights

Ukrainian broiler meat production is growing even faster than thought, thanks to record exports and steady consumer demand, US officials said. The improving economic situation in Ukraine is allowing producer to up their output, and the bumper grain harvest this year will help margins next year, the US Department of Agriculture’s Kiev bureau said. The…

Ukraine: the Dnieper to be developed with the Netherlands

Ukraine and Netherlands agreed to strengthen cooperation in the sphere of internal waterways development and port infrastructure. According to the results of meetings with Ministry representatives and Ambassador of Netherlands in Ukraine, agreements were reached concerning the visits of responsible Ukrainian ministry representatives to the Netherlands so as to gain experience in internal waterways management.…

Ukraine: seaports grain exports up in late September 2016

On September 26 – October 2, Ukraine exported 1.02 million tons of grains from the seaports, against 648.4 thousand tons on the previous week.

In particular, wheat shipments reached 804 thousand tons, barley – 153.8 thousand tons, and corn – 65.7 thousand tons. (APK-Inform/Business World Magazine)

Russia: suggestions for Rossiya Airlines sale to be prepared by October 10, 2016

Russia’s Transport Ministry will prepare proposals to sale national flag carrier Aeroflot’s 75% minus one share stake in Rossiya Airlines by October 10, minister Maxim Sokolov announced.

“I think that the deadline for that is set for October 10, in accordance with the government ruling”, Sokolov said. (Prime/Business World Magazine)

Russia: oil output up in September 2016

Russia has set a new record in oil production by increasing output by 4% MoM to 11.11 million barrels per day (bpd) in September, Reuters reported on October 2, citing the latest data of the Energy Ministry. Bloomberg also reported citing the data that Russia’s daily production of natural gas increased by 5.15% YoY and…

Russia: Mail.Ru buys mobile game developer Pixonic

Russian Internet giant Mail.Ru Group acquired 100% of mobile game developer Pixonic for $30 million, the group said. “We’re sure that we’ve been joined by one of the strongest teams of mobile game developers in the world. We’re confident that the merger will enforce the division of the international mobile development and release, and we’ll…

Russia to negotiating gas dispute with Belarus

Russia and Belarus will discuss their natural gas dispute, but not a discount some time, Deputy Prime Minister Arkady Dvorkovich said. Belarusian President Alexander Lukashenko said earlier in September that Moscow and Minsk had almost agreed on the price of Russian gas supplies, but Yury Yaroshevich, minister-councilor of the Belarusian embassy in Russia, said shortly…

Ukraine: Poroshenko congratulates Luch Bureau on successful test of new weapon

Ukrainian President Petro Poroshenko has congratulated the Kyiv-based government-run Luch Design Bureau on its successful test of the Sarmat new remote weapon system with anti-tank missiles.

The head of state said that Ukrainian Armed Forces were the main guarantee of the country’s independence. (Interfax/Business World Magazine)

Russia: retail sales to recover in 2017

Russian retail sales are not expected to see a significant positive dynamics in 2016 but will likely recover in 2017, Industry and Trade Minister Denis Manturov said. “We will unlikely see significant positive dynamics (of retail sales) YoY in 2016, but there is a feeling of some recovery. Let’s see how the situation will unfold…