Belarus’ chemical company OAO Grodno Azot says its nitrogen fertilizer exports reduced by 22.8% YoY in January-July to 151,300 tons (in terms of 100% nitrogen), a source in the profile ministry reported. In money terms exports shrank by 42.3% YoY to $69.507 million. The experts attribute shrinking proceeds to the decline in fertilizer prices. Grodno…Details
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Belarus’ proceeds from exports of domestic crude oil reduced by 32.3% YoY in January-July to $253.704 million, Belarus’ National Statistical Committee (Belstat) said in an official report. In January-July Belarus exported 945,900 tons of crude oil, up by 0.7% YoY. Belarus’ sole authority on oil exports is a state-controlled monopoly officially designated as Belorusneft. Germany…Details
Belarus’ sugar export proceeds reduced by 14.2% YoY in January-July to $117.422 million, Belarus’ National Statistical Committee (Belstat) said in a report. Belarus exported 222,200 tons of sugar in January-July 2016, down by 5.2% YoY. Russia was a major destination for Belarus’ sugar exports – 184,500 tons (unchanged year on year) worth $98.711 million (down…Details
Azerbaijani company AZDynamics will introduce the first hybrid engine unmanned aerial vehicle (UAV) with increased duration of autonomous flight. The hybrid drone will sport an internal combustion engine along with rechargeable batteries and an electric motor, making it possible to increase the duration of autonomous flight from 25 minutes to two hours. The drone will…Details
Constant increasing of the global production and stocks of grains is one of the major factors forming the situation on the raw materials market of grains in Ukraine in 2016/2017 MY, the grain market analyst at APK-Inform Agency Andrei Kupchenko declared. According to USDA estimations, in the current season the global grain production will reach…Details
ARVIBelAgro LTD joint venture (Lida, Grodno region) plans to launch a turkey meat facility in November, a company official reported. By November the company plans to have commissioned 15 poultry houses and launched a slaughterhouse. German-made and Polish-made equipment is now being installed at the slaughterhouse, the official informed. At the moment, the investment value…Details
Ukraine: Ministry of Agrarian Policy supports cancellation of the price controls for grain by-products
The Ministry of Agrarian Policy and Food of Ukraine supports cancellation of price controls for food products, including grain by-products, the Director of the food products department at the Ministry of Agrarian Policy and Food Mykola Moroz declared. According to him, the Ministry provides the reporting cancellation of price regulation as an experiment. If in…Details