Ukraine: linseed looks promising for farmers

In Ukraine linseed belongs to a niche of agricultural crops, which require further advanced processing and are used in related industries such as pharmaceutical, confectionery, textile and others. Export duty at 23% set in 1999, which triggered acute reduction of linseed acreage, was an obstacle for linseed production recovery in Ukraine. Currently, the linseed export…

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Ukraine: ADM agricultural trader permits subsidiary to refinance $30 million credit line

Shareholders in private joint-stock company AMD Illichivsk (Odessa region) have permitted the company’s board to refinance a credit line with the limit of $30 million (765.98 million UAH). According to a company report, the decision was made at an extraordinary general meeting of shareholders on October 28. The shareholders authorized the board of ADM Illichivsk…

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China: Silk Road concept adapting to Russia’s Eurasian project

China’s Silk Road Economic Belt concept has been adapting to Russia’s Eurasian integration program, Russia’s ambassador to China Andrei Denisov said. “There has been significant progress in determining the mechanism of interaction between the Eurasian integration project and the Silk Road concept”, the ambassador said. “We have an opportunity to boost cooperation in all areas”,…

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