There are conditions for the central bank to cut its key rate at the upcoming meeting on Friday, inflation is slowing, national top lender Sberbank CEO German Gref said. “On the whole, there are objective reasons for a key rate cut”, he said. “There is a problem that in the third and fourth quarters seasonal…Details
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Kazakhstan specified three prospective markets for agricultural products supplying: the People’s Republic of China, the Russian Federation, and Iran, the Deputy Chairman of the Board of the National Chamber of Entrepreneurs of Kazakhstan Atameken Tulemis Shotanov declared. In particular, JSC NC Food Contract Corporation supplies more than 60% of its general export volumes of grains…Details
According to Kazakh Agrarian Ministry, over the last season Kazakh wheat exports to China were four times as high as in 2014/2015. In 2014/2015 MY 110 KMT was exported and in 2015/2016 the volumes reached 414 KMT. This became possible due to the possibility to transport grain in sacks as well as bulk according to…Details
Analysts of APK-Inform Agency have increased the forecast of corn exports from Ukraine in 2016/2017 MY to 17.7 million tons, up by 6% YoY. Barley supplies to foreign markets will grow to 5 million tons (up by 13.3%). (APK-Inform/Business World Magazine)Details
Kazakhstan plans to export 8.5 million tons of grains in 2016/2017 MY, including flour in grain equivalent, the Deputy Chairman of Board of the National Company Food Contract Corporation JSC Sabit B. Kashkimbayev declared. In terms of the forecast grain harvest in the country, the export volumes will reach 8.5 million tons of grains, including…Details
Global oil demand growth is slowing at a faster pace than initially predicted, and supply will continue to outpace demand at least through the first half of next year, the International Energy Agency (IEA) said in a report. “Our forecast in this month’s Report suggests that this supply-demand dynamics may not change significantly in the…Details
Athens has offered Prometheus Gas, a joint venture of Russian gas giant Gazprom and Greece’s Copelouzos, to invest 700-800 million euros in the development of a coal field in the country’s north and expansion of a local power plant. The deposit’s resources are estimated at around 140 million tons of coal. Energy Minister Alexander Novak…Details