Russia: wheat production to surpass all expectations

The beginning of 2016/2017 season was characterized by constantly raised grain production estimates. Revision of harvesting area expectations and record high grain yields were the main drivers of crop estimates increase. Rosstat informed that winter crops losses were only 364 thousand ha during wintering. This is 3.1% of total planted area compared to February estimates…

Russia: rapeseed crushing to overcome exports

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…

World: Russia supporting China as G20 president

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,…

Russia: Reserve Fund down in August 2016

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…

Russia: grain export supplies from the seaports up in early September 2016

In August 29 – September 4, export volumes of grains from the Russian seaports reached 637.1 thousand tons, against 203.1 thousand tons shipped in the previous week.

In particular, wheat shipments totaled 595.2 thousand tons, barley – 26.7 thousand tons, and peas – 15.2 thousand tons. (APK-Inform/Business World Magazine)

Belarus: farmers to sow 360 thousand ha of winter rapeseed

Belarus finished rapeseed sowing for 2017 harvest. According to Belarus AgMin farmers will increase rapeseed sowing area to 360 thousand ha. As of August 31, sowing has been carried out at 332.1 thousand ha or 92.3% from the total sowing area. Last year sowing area of rapeseed 264 totaled thousand ha. (UkrAgroConsult/Business World Magazine)

Russia: E.ON launches CHP in METRO

E.ON Connecting Energies LLC (ECE) – a joint venture of Unipro PJSC and E.ON Connecting Energies GmbH – launched an 800 kW combined heat and power plant (CHP) at the METRO shopping centre in Nizhny Novgorod. The CHP will heat the store and meet a portion of its electricity needs. The ECE experts developed a…

Armenia: pork imports from Ukraine banned

Armenia has banned imports of pigs and pork from Ukraine, the Ukrainian Agrarian Confederation reports. “The ban on imports implied to pigs and pork, as well as the whole genetic materials of livestock: bristles, intestinal materials, leather, various raw materials, and pork products as well as hunting trophies”, reads the report. In addition, Armenia imposed…

Ukraine: traders exporting grain at loss

Traders are not glad with prices in the new season. World grain production continues to set new records, and puts pressure on prices. CBOT wheat futures fell to a ten-year low affecting the Black Sea export prices. Compared with early September 2015, grain prices lost no less than $10/MT. Given that Ukraine exports more than…

Ukraine: barley exports up in July 2016

According to official statistics, in July Ukrainian barley exports rose by 19% YoY. In July Ukraine exported about 1011.6 KMT against 848 KMT in July 2015. More than half of the exported barley was shipped to Saudi Arabia. Large share of barley was exported to Libya (148.3 KMT) and China (90.2 KMT). Peculiar in the…

Ukraine: Ministry of Economy to recruit CEOs for Boryspil airport, Elektrovazhmash, Ukrkhimtransamiak and Mariupol seaport

The Ministry of Economic Development and Trade (MEDT) of Ukraine opens competitive selection for CEO positions at state-owned companies Ukrkhimtransamiak (operator of ammonia pipeline), Elektrovazhmash (electric machinery producer), Mariupol Commercial Seaport and Boryspil International Airport. The ministry has invited reputable recruiting agencies to help find top-class managers with an impeccable reputation and successful track record…