In May palm oil purchases by Russian companies decreased to 55 KMT compared with the previous month (60.6 KMT in April). At the same time imports increased by 12.4 KMT compared to 42.6 KMT in May 2015. During nine months of the season 2015/2016 (September-May), palm imports to Russian Federation reached 708.4 KMT. It’s safe…Details
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In order to reach the announced plans of grain production at 120 million tons in 2020, Russian agrarians have to significantly expand the planted areas under grains, as well as increase the fleet of agricultural machinery and the application volumes of mineral fertilizers, the Minister of Agriculture Alexander Tkachev declared. According to him, by 2020…Details
As of July 7, Russian agrarians continued harvesting grain and pulses. Agrarians harvested grain crops throughout the areas of 2.2 million ha (1.4 million ha in 2015), and produced 9.6 million tons of grain, with the average yield of 4.33 t/ha (5.3 million tons with the yield of 3.81 t/ha in 2015), the Ministry of…Details
Russia’s defense and industrial sector is developing a promising aircraft carrier for the Navy worth up to $5.6 billion, which has no analogs in the world, Northern Fleet Commander, Admiral Vladimir Korolyov said. The new aircraft carrier will enable the Russian Navy to operate more effectively, the admiral said, referring to the developments by the…Details
In May 2016 flour production in Russia increased by 2% YoY, to 770.2 KMT. Since the beginning of the year flour production reached 3.88 MMT, up by 1% YoY. However, bread and pasta production decreased in Russia. During the reporting period both bread and pasta production declined by 2% to 2.75 KMT and 467 KMT,…Details
Novatek’s natural gas production amounted to 33.8 billion cubic meters in the first half of 2016 and grew by 2.2% YoY, the Russian gas producer said. Production of liquid hydrocarbons (gas condensate and oil) surged by 51% to 6.3 million tons. Deethanized gas condensate processing surged by 17% YoY, to 6.3 million tons. Stable gas…Details
Russia’s gas producer Gazprom offers a lower price for natural gas supplies to Ukraine than European countries, Chief Executive Officer of Ukraine’s state gas company Naftogaz Ukrainy Andrey Kobolev said. “The price Gazprom is offering ($167.57 per 1 thousand cubic meters) is slightly lower than that of European suppliers”, he said, adding that the gas…Details