According to official data, as of August 19, Russian farmers have threshed 24.4 million ha (51.7%) of grains and legumes against 21.5 million ha as of the same date in 2015. 77.4 MMT was harvested with average yield of 3.17 MT/ha (in 2015 – 61.4 MMT with 2.85 MT/ha). Wheat was threshed from 15.1 million…
DetailsThe beginning of 2016/2017 season was characterized by constantly raised grain production estimates. Revision of harvesting area expectations and record high grain yields were the main drivers of crop estimates increase. Rosstat informed that winter crops losses were only 364 thousand ha during wintering. This is 3.1% of total planted area compared to February estimates…
DetailsGazpromneft Bitumen Materials, operator of the Gazprom Neft bitumens business, has seen sales of its polymer-bitumen binders increase to 39,000 in H1, up 2 times YoY. This volume of polymer-bitumen binders would typically be used for laying an average 900 kilometres of high-quality road surfacing, the useful life of which would be twice as long…
DetailsIn January-August Arkhangelsk Sea Commercial Port OJSC handled 1,004,100 tons of cargo (down by 9.4% YoY), the company says. Transshipment of import cargo totaled 15,200 tons (-37.4%), exports – down almost 2-fold to 182,200 tons, short-sea traffic – up by 3.2% to 762,100 tons. Arkhangelsk Sea Commercial Port OJSC is a multi-profile stevedoring company of…
DetailsIn the 2015/2016 marketing year rapeseed gross production in Russia reached slightly more than 1000 KMT. This result was obtained in conditions of decreasing planted area for the second consecutive season to 1038 thousand ha compared with record 1326 thousand ha in the 2013/2014 marketing year. In addition to acreage reduction, the productivity has also…
DetailsAs of September 5, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 34.5 million ha (on the same date in 2015 – 27.7 million ha), or 73% of the planned areas (47.3 million ha). The produced volumes reached 95.6 million tons of grains, with the average yield…
DetailsSince the beginning of 2016/2017 MY, and as of August 31, the volume of grain exports from Russia totaled 5.366 million tons, down by 7% YoY (5.781 million tons), the Ministry of Agriculture of the Russian Federation declared. According to the announcement, the wheat volumes formed 4.494 million tons from the reporting export volumes, barley…
DetailsThe volatility of the currency and commodity markets, as well as high debt in developed countries are constraints for the growth of the world economy, Russian President Vladimir Putin said at an informal meeting of the leaders of BRICS (Brazil, Russia, India, China, South Africa) on the sidelines of G20 summit. He said that “unfortunately,…
DetailsRussian power producer T Plus, which saw a police search and a CEO detention on Tuesday over a corruption case, has appointed First Deputy CEO Andrei Vagner as acting CEO, the company said in a statement. Chairman of T Plus board of directors Yevgeny Olkhovik and CEO Boris Vainzikher were detained on Monday on suspicion…
DetailsRussia’s Reserve Fund, which protects the budget against falls in oil prices, decreased by 15.7% in August to $32.2 billion as of September 1, the Finance Ministry said in a statement. The National Wealth Fund, designed to secure the country’s pension system, rose by 0.7% to $72.71 billion. In ruble terms, the Reserve Fund fell…
DetailsOver 40 import contracts on the deliveries of defensive equipment for the Ukrainian army, with their total value of $1.5 billion, are currently carried out. Ukrainian President Petro Poroshenko said this during his annual address in the Verkhovna Rada on September 6. “We praise the support from the side of our western partners. Over 40…
DetailsThe 2015/2016 grain season is coming to an end in Kazakhstan (September 2015 – August 2016). High exports of basic grain crops and flour, was the main feature of the 2015/2016 marketing year in Kazakhstan, as well as in Ukraine and in Russia. However, in case of Kazakhstan, grain shipments did not reach all-time high,…
DetailsIn August 29 – September 4, export volumes of grains from the Russian seaports reached 637.1 thousand tons, against 203.1 thousand tons shipped in the previous week.
In particular, wheat shipments totaled 595.2 thousand tons, barley – 26.7 thousand tons, and peas – 15.2 thousand tons. (APK-Inform/Business World Magazine)
In July large and medium-sized enterprises of Ukraine produced 193 KMT of sunflower oil compared to 285 KMT in June and 207 KMT in July 2015. Since the beginning of the season sunflower oil production has totaled 3543 KMT, up by 77 KMT or by 2% YoY. This season (September-July) small enterprises are expected to…
DetailsAccording to preliminary figures of the association Ukroliyaprom, in 2015/2016 MY the production and export volumes of sunflower oil in Ukraine increased by 10% to 4.85 million tons and 4.4 million tons respectively, the press-service of the Association declared. According to the announcement, increasing of sunflower seed harvest in the country caused the reporting growth…
DetailsBelarus finished rapeseed sowing for 2017 harvest. According to Belarus AgMin farmers will increase rapeseed sowing area to 360 thousand ha. As of August 31, sowing has been carried out at 332.1 thousand ha or 92.3% from the total sowing area. Last year sowing area of rapeseed 264 totaled thousand ha. (UkrAgroConsult/Business World Magazine)
E.ON Connecting Energies LLC (ECE) – a joint venture of Unipro PJSC and E.ON Connecting Energies GmbH – launched an 800 kW combined heat and power plant (CHP) at the METRO shopping centre in Nizhny Novgorod. The CHP will heat the store and meet a portion of its electricity needs. The ECE experts developed a…
DetailsAs of September 1, cargo traffic within the Azov-Don Basin of Russia’s inland water ways climbed by 4% YoY, to 6,207,000 tons, says the Administration of Azov-Don Basin. In the reported period, transportation of heavy fuel oil fell by 8.8%, to 1,954,000 tons, that of sulfur went up by 19% to 1,002,000 tons, of diesel…
DetailsBridgestone Corp. plans to launch a 12.5 billion ruble tire plant in the city of Ulyanovsk in September, the government of the region said in a report. “Bridgestone’s first Russian and CIS tire plant will be launched on September 13, on the territory of industrial park Zavolzhye in Ulyanovsk. Deliveries of the produced goods, radial…
DetailsAgrarians of Belarus started the mass planting campaign of winter grains, the Ministry of Agriculture and Food of the Republic of Belarus declared. As of the reporting date, all regions of the country planted grains throughout the areas of 93 thousand ha, or 6.9% of the plan. The general planned areas for winter crops planting…
DetailsArmenia has banned imports of pigs and pork from Ukraine, the Ukrainian Agrarian Confederation reports. “The ban on imports implied to pigs and pork, as well as the whole genetic materials of livestock: bristles, intestinal materials, leather, various raw materials, and pork products as well as hunting trophies”, reads the report. In addition, Armenia imposed…
DetailsTraders are not glad with prices in the new season. World grain production continues to set new records, and puts pressure on prices. CBOT wheat futures fell to a ten-year low affecting the Black Sea export prices. Compared with early September 2015, grain prices lost no less than $10/MT. Given that Ukraine exports more than…
DetailsAccording to official statistics, in July Ukrainian barley exports rose by 19% YoY. In July Ukraine exported about 1011.6 KMT against 848 KMT in July 2015. More than half of the exported barley was shipped to Saudi Arabia. Large share of barley was exported to Libya (148.3 KMT) and China (90.2 KMT). Peculiar in the…
DetailsThe Ministry of Economic Development and Trade (MEDT) of Ukraine opens competitive selection for CEO positions at state-owned companies Ukrkhimtransamiak (operator of ammonia pipeline), Elektrovazhmash (electric machinery producer), Mariupol Commercial Seaport and Boryspil International Airport. The ministry has invited reputable recruiting agencies to help find top-class managers with an impeccable reputation and successful track record…
DetailsAzerbaijan’s state oil company SOCAR was focused on diversification of its investments even when the oil prices were high, and this strategy would ensure stability of the company’s revenues, President of SOCAR Rovnag Abdullayev said. “As a result of the right investment strategy, the value of SOCAR’s total assets increased from 9 billion manats to…
DetailsThe Belarusian mechanical engineering company OAO Gomselmash is getting ready to ship a batch of cotton harvesters to Cameroon. It will be the first shipment of agricultural machines to the remote African country, Yuri Rafayev, Head of the Non-CIS Sales Office at Gomselmash, said. According to him, the Belarusian company has been able to enter…
DetailsAzerbaijani state oil company SOCAR is not going to abandon the purchase of a share in the Greek gas operator DESFA, President of SOCAR Rovnag Abdullayev said. “We won the tender and we’re not going to abandon the deal [with DESFA]”, Abdullayev said. “We don’t talk about appealing to a court, but we will defend…
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