Russia: export duty on wheat annulled

The Russian government has annulled the wheat export duty for two years, Prime Minister Dmitry Medvedev said. “We have decided to annul the wheat export duty for the next two years. The grain market will receive an additional stimulus for growth as the result of this”, Medvedev said. Russia imposed the wheat export duty on…

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Russia: Uralkali decisions of EGM

On August 29, Uralkali held its Extraordinary General Meeting of Shareholders (EGM) where following decision has been made. The EGM approved of interested-party major transaction (a number of interrelated transactions) – placement of the company’s exchange traded bonds in favor of JSC Uralkali-Technology with a total nominal value of $800 million and with a value…

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Ukraine: wheat stocks down

According to Ukrainian office of statistics, as of August 1, stocks of grains and legumes were at 23.9 MMT, down by 2.5% YoY (24.5 MMT). Wheat stocks decreased by 5%, to 16.62 MMT against 17.54 MMT as of August, 1 2015. Barley stocks dropped by 5%, to 3.958 MMT. Corn stocks are 18% lower than…

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Russia: Ministry of Agriculture changes structure

The Ministry of Agriculture of Russia has made changes to the structure of its central administration unit, abolishing the agricultural and food market regulation, food and processing industry and creating two separate divisions. The Department of Agro-Industrial Market Regulation will be headed by Vladimir Volik and will focus on the strategic planning and management of…

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Belarus reports $1.9 billion commodity trade deficit in January-July 2016

Belarus’ foreign trade deficit stood at $1.934 billion in January-July against $1.457 billion in January-July 2015, according to the National Statistics Committee (Belstat). Commodity exports decreased by 18.6% YoY in January-July to $13.116 billion, while imports decreased by 14.4% MoM to $15.05 billion. Exports from Belarus included $7.761 billion worth of supplies to the CIS…

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Belarus: crop conditions in September 2016

Conditions for soil preparation, winter rapeseed sowing and germination across most of Belarussian territory are favorable. In the fields sown with rapeseed in the first half of August, rapeseed germinated and leaf formation has started. Soil is still waterlogged in the north-west of Vitebsk region, according to the observations of Verhnedvinsk weather station. Soil moisture…

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Ukraine: Antonov not to reassign An-225 ‘Mriya’ intellectual property rights to China

Ukraine-China cooperation in the Antonov An-225 ‘Mriya’ heavy-lift transport aircraft project boasting a 250-ton payload rules out reassignment of intellectual property rights to China, Antonov State Company said. “The An-225 cooperation agreement between Antonov State Company and Aerospace Industry Corporation of China (AICC) is a sort of a roadmap acknowledging mutual interest in collaboration fostering…

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