There is a grey market of flour In Ukraine. If there are nearly 100 kg of flour per year per capita, which is close to the standard, then Ukraine should produce nearly 3.5 million tons of flour products, and taking into account the exports and carry-over stocks, the index should reach nearly 4 million tons.…
DetailsSqueezed consumer budgets are encouraging a marked shift in the Russian protein market, as beef consumption falls to record lows, while pork gains ever stronger market share, US officials said. The tightness in beef imports, caused by political spats and the weak rouble, is encouraging this trend. And pork producers are having much more success…
DetailsAeroflot PJSC announced traffic statistics for Aeroflot Group (“the group”) and Aeroflot – Russian Airlines (“the company”) for August and the first eight months of 2016. In the first eight months of 2016, Aeroflot Group carried 28.7 million passengers, up by 8.9% YoY. Aeroflot airline carried 19 million passengers, up by 10.2% YoY. Group and…
DetailsDuring five recent years, Ukraine reduced the exports of groats by nearly 15% per year in terms of fierce competition between the Russian Federation, Belarus and Kazakhstan, the Director of the Association “Millers of Ukraine”, Head of Business Projects Division of APK-Inform Agency Rodion Rybchinskiy declared. At the same time, he noted that Ukraine significantly…
DetailsSecond half of September was moderately warm with air temperature close to norm. Cyclone system, which arrived to Ukraine at the beginning of last week, went through all the territory of Ukraine and changed summer regime into autumn. Intensive rains were observed all over the country early in September. In Polesye and Forest Steppe zones…
DetailsEarly in September intensive rains were observed all over the Ukrainian territory. In the Kherson region abundant rains were seen with lightning in some places. Total daily precipitation quantity in the region amounted to 49 mm. Such weather conditions were favorable for accumulation of soil moisture, so moisture stocks in the plow-soil layer grew by…
DetailsAccording to State statistics data, stocks of sunseed in Ukraine as of September 1, were 707.6 KMT, down by 2.2% YoY (723.4 KMT). Agro companies had 504.8 KMT and storing plants with crushing capacities – 202.8 KMT. Crushing plants increased sunseed stocks by 5.7% (202.8 KMT against 191.9 KMT as of September 1, 2015). Soybean…
DetailsSoutheast Asian countries are interested in Russia’s unmanned aerial vehicles (UAV), Deputy Director of Russia’s state arms exporter Rosoboronexport Sergey Goreslavsky said. “We currently see sustained interest in technology including the Orlan UAV. Fruitful talks on this subject took place during the recent Army-2016 forum. We had a delegation from Thailand. The same subject is…
DetailsConstruction of a gas compressor station in Mary province of Turkmenistan has started, the message of the “Oil and Gas Complex” of Turkmenistan said. The gas compressor station is being built for the East-West internal pipeline launched in December 2015, and its potential is designed for export deliveries in the western direction as well. In…
DetailsTurkmen Foreign Minister Rashid Meredov signed the Paris agreement on the sidelines of the General Assembly at the UN headquarters in New York. The agreement is a “road map” of measures that will reduce emissions released to the atmosphere and strengthen resilience to climate change. The Paris agreement was adopted by all 196 sides of…
DetailsThe large-scale work is carried out in Turkmenistan to fully reveal the country’s economic potential and increase the textile export, Turkmen President Gurbanguly Berdimuhamedov said at a government meeting. “Turkmenistan creates conditions for bringing the domestic textile industry to a new level by making huge investments in the implementation of major industrial projects”, the President…
DetailsTransfers from the State Oil Fund of Azerbaijan (SOFAZ) to the state budget will be reduced by 1.5 billion manats in 2017, Samir Sharifov, Azerbaijani finance minister, reported. The minister added that the transfers would be reduced to keep the country’s foreign exchange reserves at the same level. “As Azerbaijani President Ilham Aliyev said, while…
DetailsRussian wheat export prices rose last week for the first time since mid-August, buoyed by demand from Egypt after it dropped its policy of not importing wheat containing the ergot fungus. Egypt’s state importer GASC bought 240,000 metric tons of Russian wheat last week, in its first successful tender purchase since abolishing the rule. Egypt…
DetailsOil market supply and demand can come into balance already in the second half of 2017 with market methods even if no agreements on the market stabilization are reached at the upcoming meeting in Algeria, Russian Energy Minister Alexander Novak reported. “Everything will depend on demand, supply, on the economic situation of many countries that…
DetailsThe Russian Knights aerobatic team based in Kubinka near Moscow has started receiving the first Sukhoi Su-30SM (NATO reporting name: Flanker-C) multipurpose fighter jets, some Russian Internet sources recently said. According to public sources, the Irkutsk Aircraft-Manufacturing Plant, part of the Irkut Corporation, manufactured the first Su-30SM fighter jet in September. The plane was given…
DetailsRussian billionaire Mikhail Fridman, a co-owner of VimpelCom Ltd., is happy that Norway’s Telenor has begun selling its stake in the wireless carrier, because competition between the two companies in some markets created an “abnormal” situation on the board. Telenor, which began selling its 33% stake of VimpelCom Ltd. earlier in September, is a direct…
DetailsAccording to a spokeswoman for the company, Russian Aircraft Corporation MiG is currently holding talks with several potential buyers of the MiG-35 jet fighters. “At the moment, MiG-29 is being used in 29 countries around the world. All of these countries, some more and some less so, are interested in MiG-35s, as most of MiG-29s…
DetailsRussia’s Federal Antimonopoly Service has proposed to introduce a system of flexible excise duties on fuel, which can be revised every month, to stabilize a tax policy in the energy sector, the service’s Deputy Director Anatoly Golomolzin said. “We always speak about a necessity to introduce the system of flexible excise duties. The government gave…
DetailsSince the beginning of 2016/2017 MY and as of September 21, the volume of grain exports from Russia totaled 7.83 million tons, down by 9% YoY (8.582 million tons), the Ministry of Agriculture of the Russian Federation declared. According to the announcement, the wheat volumes formed 6.588 million tons from the reporting export volumes, barley…
DetailsIn Bashkiria the new vegoil extracting plant is being built with crushing capacity of 1.2 KMT of sunseed per day. Currently the first construction stage has been completed with vegoil press section having the capacity of 350 tons of raw material. The section will be able to produce 47.5 KMT of non-refined vegoil and 50…
DetailsIn January-August the volume of grain shipment for exports by enterprises of PJSC Novorossiysk Commercial Sea Port (NCSP Group) totaled 3.54 million tons, down by 10.7% YoY, the press-service of the company declared. Also, NCSP Group decreased vegetable oils shipment by 8.7%, to 140 thousand tons. The shipment volumes of chemical cargoes (including mineral fertilizers)…
DetailsRussian oil major Rosneft has suggested the government to revise the principle of investment component in tariffs of oil pipeline monopoly Transneft, according to the letter by Rosneft CEO Igor Sechin. Rosneft has proposed to exclude the mechanism of long-term investment tariffs, which Transneft uses to build pipelines to oil companies’ facilities. Transneft receives the…
DetailsOman is ready to invest in the agricultural sector of Belarus, Sergei Rachkov, Ambassador Extraordinary and Plenipotentiary of Belarus to Egypt with concurrent accreditation to Oman, Algeria and Sudan, said. “One of Oman’s key tasks is to strengthen its food security. Oman shows big interest in the Belarusian agricultural sector in order to invest in…
DetailsThe Russian agriculture should not be afraid if the food products’ embargo is lifted for the countries, which had imposed sanctions against Russia, as the Russian products are quite competitive, Russia’s minister of agriculture Alexander Tkachev said. “Nobody can be sure whether the sanctions are lifted in late 2017”, he said. “We are interested in…
DetailsOn September 19-25, the export volumes of grains from the Russian seaports reached 747.4 thousand tons, against 229.4 thousand tons shipped on the previous week.
In particular, the wheat shipments totaled 595.3 thousand tons, barley – 5.8 thousand tons, corn – 136.9 thousand tons, and peas – 9.4 thousand tons. (APK-Inform/Business World Magazine)
The Ministry of Agriculture of Russia estimated the general grain harvest in the country in the current year at the level of 110-115 million tons, the minister Alexander Tkachev said. At the same time, he added that Russia produced the similar volumes of grains 25 years ago, in 1991. According to Tkachev, Russia plans to…
DetailsRussian gas giant Gazprom plans to build a new platform for liquefied natural gas (LNG) production at its Sakhalin-2 project to boost gas exports to Japan, according to Gazprom Deputy CEO Alexander Medvedev. The project is expected to be finally approved in 2017, while LNG production is to start in 2022. The Sakhalin-2 project’s two…
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