In January-August Ukrainian flour milling enterprises produced 1.212 million tons of flour, down by 5.9% YoY, the State Statistics Service of Ukraine declared. In particular, the production volumes in August totaled 176 thousand tons, up by 18.4% MoM and by 1.1% YoY. In January-August the production volumes of crude sunflower oil in Ukraine totaled 2.4…Details
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In 2016/2017 MY the share of domestic consumption of flour in Ukraine will decrease to 87% of its general production, against the average index of 91% during five recent years. At the same time, the forecast of Ukrainian flour exports in the current season totals 370 thousand tons, up by 7.5% YoY (344 thousand tons),…Details
The introduction of the international financial reporting standards (IFRS) in Belarus will help improve the investment climate. Belarusian Finance Minister Vladimir Amarin made the statement in an interview published in the September edition of the Ministry’s magazine Finance. Accounting. Auditing. According to the source, for the sake of effective implementation of the decision in favor…Details
On September 22, Egypt purchased 240 KMT of milling wheat from Russia with shipment on October 21-31, at the average price of $187.03/MT C&F. The price at the previous tender equaled $185.52/MT C&F. The purchase included: – 60 KMT of Russian wheat from Aston at $186.80/MT C&F ($179/MT FOB with a freight rate of $7.80/MT);…Details
The cost of credits at Belarusian banks is higher than the profit margin of the country’s mechanical engineering companies, Belarusian First Deputy Industry Minister Gennady Svidersky said. Speaking about the financial position of mechanical engineering companies, the deputy minister said it was rather complicated, as the cost of credit resource still remained higher than the…Details
Internal risks are the key for the Russian economy, but foreign risks exist as well, the Central Bank’s Chairwoman Elvira Nabiullina said. “Internal risks for the Russian economy are still the key, I believe. Nevertheless, foreign risks exist as well, and Anton Siluanov has already defined them as “uncertainty”. Uncertainty in dynamics of global growth…Details
Belarus has announced an open tender to identify importers of alcoholic beverages in 2017, the commission responsible for holding the tender said in a statement. Importers are invited to present their bids to the Trade Ministry by October 24. They are expected to provide lists of beverages they wish to import, as well as information…Details