Russia’s Economic Development Ministry has worsened its forecast for Russia’s gross domestic product (GDP) decline in 2016 to 0.5-0.6% from 0.2%, Minister Alexei Ulyukayev said. The ministry’s basic forecast earlier implied a 0.2% GDP fall in 2016 with an annual average oil price of $40 per barrel. (Prime/Business World Magazine)
Harvesting of sunflower and soybean has started in the southern regions of the Russian Federation and starting prices for raw materials of the new crop were announced in these regions. During last week Russian market of sunflower oil was characterized by a minimum volume of sales and a further decrease in producer prices. With increase…
The wholesale domestic price of Russian gas can increase by 2.5-3% in 2017, Deputy Economic Development Minister Nikolai Podguzov reported. As regards the 2016 gas price increase, Podguzov said that the decision should be made by the Federal Antimonopoly Service. (Prime/Business World Magazine)
Russia’s broiler meat production is expected to grow slightly in 2017, by 0.5% to 3.77 million metric tons (MMT, ready-to-cook weight), according to the latest report from the US Department of Agriculture’s Foreign Agricultural Service (FAS). After two decades of accelerated growth, the industrial production of chicken meat has reached the capacity needed to satisfy…
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…
As of September 1, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 32.6 million ha (on the same date in 2015 – 27.1 million ha), or 68.9% of the planned areas (47.3 million ha). The produced volumes reached 92.2 million tons of grains, with the average yield…
Russia can have the highest grain harvest in its entire history in the 2016-2017 agricultural year, Prime Minister Dmitry Medvedev said. “We can expect quite decent results, maybe, I do not want to say too early but these will be the results of a really high level over the last decades, maybe over the entire…