Russia: wheat exports up in August 2016

According to preliminary data, in August Russia exported 3217.7 KMT of wheat, up by 7.7% YoY. Over two months of season 2016/2017 wheat exports from Russia increased by more than 10%, to 4771.9 KMT against 4324,2 KMT in July-August 2015/2016 MY. Turkey, Egypt and Bangladesh remained the main importers during this period. In August, Russia…

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Russia: grain harvest forecast lowered

In the current year, the general grain harvest in Russia will not exceed 113 million tons in clean weight, the Director of the Department of plant growing, chemicalization and plant protection at the Ministry of Agriculture Petr Chekmarev announced. The Ministry lowered the forecast of maximum harvest volumes from 116 million tons to 113 million…

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Belarus: Mogilevliftmash investments in production development up in January-August 2016

OAO Mogilevliftmash elevator plant says it has invested Br6.3 million ($3.234 million) in production development in January-August, up by 7.9% YoY. The money spent on equipment purchases account for 83% of the total investment – Br5 million ($2.567 million): Mogilevliftmash purchased 8 units of equipment, including a paintshop for supersized parts (by Spain’s LAGOS S.A.),…

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Azerbaijan: IBA to be privatized

The ultimate goal of recovering the International Bank of Azerbaijan is to reduce its assets and liabilities and the bank’s privatization should be the next step, Azerbaijan’s Finance Minister Samir Sharifov said. He noted that the bank’s recovery was quite a difficult process and it was too early to talk about its completion. “Unfortunately, the…

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Russia: corn exports to hit record

Corn harvesting in Russia is gaining pace. This grain harvest has been gathered from about 20% of the intended area, but it is already clear now that Russian corn production will be record high. The starting yields pleased producers. Moreover, as harvesting proceeds, corn productivity increases. Given the expansion of corn acreage in the country…

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Belarus: BelAZ launches $17.8 million facility

On September 23, BelAZ heavy-duty truck manufacturer launched its newly-built trimming and acceptance shop supplied by Italy’s IMEL S.p.a., a BelAZ representative reported. The total value of the project stands at $17.8 million. The 3,800-square-metre facility is intended for painting parts and aggregates of dump trucks with 30-450 ton cargo capacity. The Belarusian Automobile Plant…

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