On September 30, the minister of Agrarian Policy and Food of Ukraine Taras Kutovyi signed the Annex #1 to the Memorandum of Understanding between the Ministry of Agrarian Policy and market participants – grain exporters for 2016/2017 MY. The document settles voluntary coordination of the possible volumes of grain exports from Ukraine in 2016/2017 MY,…Details
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Russia’s Finance Ministry has suggested the government cut spending on a state agriculture program by 9.4% to 214.791 billion rubles in 2016, according to the ministry’s draft amendments to the 2016 budget published on the government’s web site for disclosure of legal information. The ministry also offered a 9.8% cut of financing of the state…Details
Russia’s Transport Ministry will prepare proposals to sale national flag carrier Aeroflot’s 75% minus one share stake in Rossiya Airlines by October 10, minister Maxim Sokolov announced. “I think that the deadline for that is set for October 10, in accordance with the government ruling”, Sokolov said. (Prime/Business World Magazine)Details
The Russian government will resume preparations for a sale of its stake in oil company Bashneft and has launched the sale of 19.5% in oil major Rosneft, Deputy Prime Minister Igor Shuvalov said. “After an additional study of the privatization issue of Bashneft and Rosneft, the government decided to restart preparations for the sale of…Details
Russia has set a new record in oil production by increasing output by 4% MoM to 11.11 million barrels per day (bpd) in September, Reuters reported on October 2, citing the latest data of the Energy Ministry. Bloomberg also reported citing the data that Russia’s daily production of natural gas increased by 5.15% YoY and…Details
Since the beginning of 2016/2017 MY, and as of September 28, the volume of grain exports from Russia totaled 9.436 million tons, down by 3% YoY (9.777 million tons), the Ministry of Agriculture of the Russian Federation declared, referring to the data of the Federal Customs Service of Russia. According to the announcement, the wheat…Details
As of September 1, Russian agro enterprises had 722.8 KMT of oilseeds, down by 94.2 KMT or by 11.5% YoY (817 KMT). In August oilseed stocks were 366 KMT higher. Agro companies had 245.4 KMT of sunseed, down by 29.4 KMT and by 10.7% YoY (274.8 KMT). In August sunseed stocks were 95.1 KMT higher.…Details