Russia will not take part in an informal OPEC meeting in Algeria on Wednesday, Secretary General Mohammad Barkindo reported. “No, this is a consultative meeting of OPEC”, he said. “We have to wait, consultations continue right now,” he said when asked whether OPEC members could make a decision to freeze oil production at the meeting.…Details
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According to preliminary data, in August Russia exported 3217.7 KMT of wheat, up by 7.7% YoY. Over two months of season 2016/2017 wheat exports from Russia increased by more than 10%, to 4771.9 KMT against 4324,2 KMT in July-August 2015/2016 MY. Turkey, Egypt and Bangladesh remained the main importers during this period. In August, Russia…Details
As of September 26, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 41.6 million ha (on the same date in 2015 – 36.9 million ha), or 88.1% of the planned areas (47.3 million ha). The produced volumes reached 109.2 million tons of grains, with the average yield…Details
In the current year, the general grain harvest in Russia will not exceed 113 million tons in clean weight, the Director of the Department of plant growing, chemicalization and plant protection at the Ministry of Agriculture Petr Chekmarev announced. The Ministry lowered the forecast of maximum harvest volumes from 116 million tons to 113 million…Details
Russian state-controlled telecom operator Rostelecom has asked the government to apply the interconnection tariff reform not only to local and zonal calls, but also to intercity traffic, which will bring the operator preferences. The operator said that otherwise a decree of President Vladimir Putin would be breached, as he had ordered creation of equal conditions…Details
The growth of Russia’s gross domestic product (GDP) excluding seasonality was close to zero in July-September, while in annual terms GDP contracted by 0.4-0.7%, the Central Bank said in a research note. “The GDP growth is estimated at close to zero in the third quarter compared with the previous quarter and excluding seasonality”, the research…Details
On September 27, National Mercantile Exchange CJSC (NAMEX) held the regular stock exchange trading within frames of public grain purchasing interventions in the regional trading platforms of Russia, and purchased 63.99 thousand tons of grains (from the proposed volume of 64.665 thousand tons) valued at 640 million rubles, the press-service of NAMEX declared. In particular,…Details