On December 8-15, CBOT corn prices strengthened by 0.8%. Last week US corn export prices (January delivery) strengthened by $2/MT, while Argentinean and Ukrainian corn supply prices remained unchanged. Ethanol market still supported CBOT prices, particularly the data on record ethanol exports in October, as well as high US corn contracting pace, which exceeded market…
DetailsBunge Company intends to increase its presence in Turkey’s vegoils market, having bought shares of the producing company called Ana Gida Ihtiyac Maddeleri ve Sanayi Ticaret. 55.25% of the shares will be bought out from Ana Gida, and the remainder – 44.75% – from Seef Foods. As of today, Ana Gida owns the Komili trademark,…
DetailsIn January-November the average selling prices of agricultural enterprises for agrarian products increased by 9.3% YoY, the press-service of the State Statistics Service of Ukraine declared. In particular, in the reporting period the average prices for plant growing commodities grew by 19.2%, and the prices for livestock commodities – by 0.7%. In November the average…
DetailsIn Q3 Riga was the only Baltic capital where housing affordability had improved in comparison with the same period of 2015. Growth of average net wages and decline of interest rates contributed to the improvement of housing affordability. Affordability in Tallinn has become somewhat worse under influence from higher interest rates. Housing affordability in Vilnius…
DetailsOn December 20, Riga Freeport Authority approved of the budget for 2017 in accordance with goals listed in Development program 2009-2018. Planning the next year’s budget revenue section, participants of the meeting took into account the cautious cargo turnover outlook, which was based on cargo turnover plans submitted by stevedore companies. It is predicted that…
DetailsStarting from 2017, micro-enterprise tax rate in Latvia will be 15% of turnover. At the same time, the government has decided to cancel the introduction of minimal social insurance fees. This is provided by amendments to Micro-enterprise Tax Law and State Social Insurance Law approved by the Saeima. Micro-enterprise Tax Law was added with a…
DetailsUkraine’s Verkhovna Rada has approved at second reading bill No. 5368 liberalizing the Tax Code. A total of 240 lawmakers backed the document. Head of the parliamentary committee for tax and customs policy Nina Yuzhanina said presenting the bill that the committee received 356 proposals for the second reading and 261 of them were voted…
DetailsLatvia’s alcohol market will be affected by changes in legislative regulations and import prices in neighboring countries next year, spokesperson of Liviko alcoholic beverages importer and wholesale trade company and Latvian Alcohol Industry Association Gennady Klepikov reported. According to him, it is hard to predict next year’s prices of imported products in Latvia, as much…
DetailsOver the ten months of 2016 turnover in the agriculture sector between Ukraine and Egypt has reached $1 billion. Deputy Agrarian Policy and Food Minister of Ukraine on European Integration Olha Trofimtseva stated this during the Ukrainian-Egyptian Business Forum and a sitting of the Ukrainian-Egyptian Business Council with participation of Ambassador of Egypt to Ukraine…
DetailsADM Company is planning to significantly expand capacity of its corn processing facilities in Turkey and Bulgaria by the end of the first half of 2018. Pierre Duprat, ADM’s president for Europe, Middle East and Africa, stressed that there was significant potential for expanding production of starch-based ingredients in Europe and the Near East due…
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