Russia: rapeseed crushing capacities up

Small-sized farm “Domashenkov A.G.” launched the first rapeseed crushing plant in Nizhegorodsk region with the project capacity of 12 KMT of rapeseed per day. Out of every MT of raw material the farmers plan to obtain 400 kg of vegoil and 600 kg of cake. According to Russian AgMin, thanks to the participation of farmers…

Russia: export duty on wheat annulled

The Russian government has annulled the wheat export duty for two years, Prime Minister Dmitry Medvedev said. “We have decided to annul the wheat export duty for the next two years. The grain market will receive an additional stimulus for growth as the result of this”, Medvedev said. Russia imposed the wheat export duty on…

Russia: Yamal LNG to get $400 million from JBIC

Yamal LNG liquefied natural gas plant project led by independent gas producer Novatek can receive a $400 million loan from the Japan Bank for International Cooperation (JBIC), Bloomberg reported citing JBIC CEO Tadashi Maeda. JBIC has almost finalized the agreement with the project and plans to sign a memorandum of understanding for strategic partnership with…

Russia: Uralkali decisions of EGM

On August 29, Uralkali held its Extraordinary General Meeting of Shareholders (EGM) where following decision has been made. The EGM approved of interested-party major transaction (a number of interrelated transactions) – placement of the company’s exchange traded bonds in favor of JSC Uralkali-Technology with a total nominal value of $800 million and with a value…

Ukraine: gas production up in January-August 2016

Natural gas production in Ukraine in January through August grew by 1.6%, or 211.4 million cubic metersYoY, to 13.379 billion cubic meters. Gas production in August alone was 1.684 bcm, up by 0.1% YoY (1.682 bcm), PJSC Ukrtransgaz reported. In particular, PJSC Ukrgazvydobuvannia produced 1.212 bcm of gas, PJSC Ukrnafta’s output was 107.8 mcm, and…

Ukraine: wheat stocks down

According to Ukrainian office of statistics, as of August 1, stocks of grains and legumes were at 23.9 MMT, down by 2.5% YoY (24.5 MMT). Wheat stocks decreased by 5%, to 16.62 MMT against 17.54 MMT as of August, 1 2015. Barley stocks dropped by 5%, to 3.958 MMT. Corn stocks are 18% lower than…

Russia: Ministry of Agriculture changes structure

The Ministry of Agriculture of Russia has made changes to the structure of its central administration unit, abolishing the agricultural and food market regulation, food and processing industry and creating two separate divisions. The Department of Agro-Industrial Market Regulation will be headed by Vladimir Volik and will focus on the strategic planning and management of…

Ukraine: flour output down in July 2016

According to the official statistics figures, in July Ukraine produced 148.5 thousand tons of flour, down by 7% YoY. Ukraine dropped production volumes of all types of flour products. In particular, the production of wheat and wheat-rye flour decreased by 4% to 141.2 thousand tons, of flour from other grains – by 41% to 7.2…

Belarus: pork imports from Ukraine banned

On September 1, Belarus has temporarily banned pork imports from Volyn and Vinnytsia regions of Ukraine due to African swine fever (ASF). The Veterinary and Food Control Department of the Ministry of Agriculture and Food of the Republic of Belarus has stated this on its website. According to the data from the World Organization for…

Belarus reports $1.9 billion commodity trade deficit in January-July 2016

Belarus’ foreign trade deficit stood at $1.934 billion in January-July against $1.457 billion in January-July 2015, according to the National Statistics Committee (Belstat). Commodity exports decreased by 18.6% YoY in January-July to $13.116 billion, while imports decreased by 14.4% MoM to $15.05 billion. Exports from Belarus included $7.761 billion worth of supplies to the CIS…

Belarus: electricity exports to Lithuania up in H1 2016

Belarus increased electricity exports to Lithuania by 11.8% YoY in January-June to 75.5 million kWh, according to official statistical reports. Belarus’ proceeds from electricity export to Lithuania grew by 13.2% to $4.257 million. Lithuania was the key and basically the only destination of Belarus’ electricity exports in 2015. Belarus plans to export to Lithuania around…

Belarus: crop conditions in September 2016

Conditions for soil preparation, winter rapeseed sowing and germination across most of Belarussian territory are favorable. In the fields sown with rapeseed in the first half of August, rapeseed germinated and leaf formation has started. Soil is still waterlogged in the north-west of Vitebsk region, according to the observations of Verhnedvinsk weather station. Soil moisture…

Ukraine: Antonov not to reassign An-225 ‘Mriya’ intellectual property rights to China

Ukraine-China cooperation in the Antonov An-225 ‘Mriya’ heavy-lift transport aircraft project boasting a 250-ton payload rules out reassignment of intellectual property rights to China, Antonov State Company said. “The An-225 cooperation agreement between Antonov State Company and Aerospace Industry Corporation of China (AICC) is a sort of a roadmap acknowledging mutual interest in collaboration fostering…

Ukraine: linseed exports up in July 2016

In July Ukraine exported 2.5 KMT of linseed compared with 0.9 KMT in June and 0.4 KMT in July 2015. Since the beginning of season 2015/2016 (September-July) exports reached 37.6 KMT against 24.6 KMT during the same period in season 2014/2015. The current season shows the best results since marketing year 2007/2008, only lagging behind…