Ukraine: flour output down in January-August 2016

In January-August Ukrainian flour milling enterprises produced 1.212 million tons of flour, down by 5.9% YoY, the State Statistics Service of Ukraine declared. In particular, the production volumes in August totaled 176 thousand tons, up by 18.4% MoM and by 1.1% YoY. In January-August the production volumes of crude sunflower oil in Ukraine totaled 2.4…

Belarus: IFRS introduction to improve investment climate

The introduction of the international financial reporting standards (IFRS) in Belarus will help improve the investment climate. Belarusian Finance Minister Vladimir Amarin made the statement in an interview published in the September edition of the Ministry’s magazine Finance. Accounting. Auditing. According to the source, for the sake of effective implementation of the decision in favor…

Egypt: Russian wheat purchased

On September 22, Egypt purchased 240 KMT of milling wheat from Russia with shipment on October 21-31, at the average price of $187.03/MT C&F. The price at the previous tender equaled $185.52/MT C&F. The purchase included: – 60 KMT of Russian wheat from Aston at $186.80/MT C&F ($179/MT FOB with a freight rate of $7.80/MT);…