As of July 1, oilseed stocks at Russian enterprises were 675 KMT, up by 268 KMT or by 66% YoY. Sunflower seed stocks are 100% higher than last year. Thus, there were 389 KMT of sunflower seed against 184 KMT. (UkrAgroConsult/Business World Magazine)
In May Russia produced 283 KMT of sunflower oil against 267 KMT in April 2016 and 283 KMT in May 2015. Since the beginning of the season (September-May) sunflower oil production equaled 3084 KMT, down by 10% YoY. Production share of processed sunflower products is more than 80% of the total vegoil production (3833 KMT).…
In January-July the seaports Yeysk, Kavkaz, Novorossiysk, Temryuk, Taman and Tuapse shipped for exports 572 vessels with grains and by-products, at the volume of more than 8.9 million tons, the Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) declared. In particular, the share of wheat in the general structure of grain exports from the reporting…
According to market participants, in the current season in the European part of Russia the qualitative characteristics of new crop of wheat became significantly lower compared with last year. In particular, rather insufficient volumes of high-quality 3-grade wheat are observed. Therefore, during two recent weeks the market often demonstrated high prices for the grain. Qualitative…
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…
The Izhneftemash engineers developed a new sucker-rod tubing pump, to execute the contract and meet the requirements of the client and API Spec Q1 and API Spec 11€• international standards. A new design of standing valve catcher makes this tubing pump distinct from other models. Another novelty is a custom-built valve assembly with a titanium…
The financing of the Ilyushin Il-114 aircraft development program shall start in the fourth quarter of this year, Russian Deputy Industry and Trade Minister Andrei Boginsky said. “The funds will be furnished for the program in the fourth quarter of this year. The decision has been made, and a request has been submitted by the…