Russia: Acron sells its stake in Hongri-Acron

Acron sold its subsidiary holding 50.5% shares in China’s Hongri-Acron, the Russian fertilizers company said. An investment and industrial company from Hong Kong acted as a buyer. “In line with Acron Group’s long-term development strategy, we decided to sell our stake in Hongri Acron plant in China and focus on further development of our Russian…

Russia: wheat harvest to exceed 70 million tons

Analysts of Rusagrotrans CJSC increased their estimations of the general grain harvest in Russia in the current year to 115.8 million tons, as opposed to 113 million tons of the previous forecast, the Deputy Director of the strategic management department at Rusagrotrans CJSC Igor Pavensky declared. Rusagrotrans increased the forecast due to significantly improved estimations…

Russia: grain exports to go down

In the beginning of 2016/2017 MY, the export rates of Russian grains will be slightly lower compared with the same period last season, the Deputy Director of the strategic management department at Rusagrotrans CJSC Igor Pavensky has said. In July the volumes of grain exports will total nearly 2 million tons (the forecast remained unchanged),…

Russia: Ural Airlines selects airRM as its revenue management system

Revenue management systems, a Mercator Company (RMS), a global leader in revenue management solutions, has been selected by Ural Airlines, one of Russia’s fastest growing airlines, to provide state-of-the-art revenue management, inventory control, and reporting tools to the airline. Leveraging the robust capabilities of airRM, the innovative revenue management software developed by RMS, the airline…

Ukraine: silos modernized and moving North-West

Despite difficult economic conditions in the grain market, in recent years Ukrainian farmers have increasingly focused attention on construction or modernization of their own storage facilities. Both rich harvests of previous years and deferred demand for construction of granaries due to unstable political and economic situation in the country contributed to this intense interest. (UkrAgroConsult/Business…

Ukraine: hot weather dries oilseeds

Last week weather conditions were hot with minor local precipitations. Sunflower plants continue to undergo flowering stage and in some regions – the first stage of maturation. Head diameter is 15-19 cm, plants height – 141-217 cm. Late sown varieties are at the beginning of head formation – flowering stage. Sunflower conditions are mostly good…

Ukraine: throughput of seaports down in January-July 2016

In January-July seaports of Ukraine handled 74,060,000 tons of cargo (down by 9.8% YoY), says the press center of Ukrainian Sea Ports Authority. Transshipment of export cargo totaled 59,190,000 tons (-1.4%), imports – 9,282,000 tons (-10.1%), transit – 6,285,000 tons (-42.38%), inland traffic – 2,303,000 tons (-40.4%). Container throughput in seaports of Ukraine totaled 336,892…