Russia: sunflower oil to get cheaper

Harvesting of sunflower and soybean has started in the southern regions of the Russian Federation and starting prices for raw materials of the new crop were announced in these regions. During last week Russian market of sunflower oil was characterized by a minimum volume of sales and a further decrease in producer prices. With increase…


Russia: gas wholesale domestic price to go up in 2017

The wholesale domestic price of Russian gas can increase by 2.5-3% in 2017, Deputy Economic Development Minister Nikolai Podguzov reported.

As regards the 2016 gas price increase, Podguzov said that the decision should be made by the Federal Antimonopoly Service. (Prime/Business World Magazine)

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…


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…


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…