World: four countries sign a memorandum to develop the Trans-Caspian route

In the course of a quadruple meeting with participation of Azerbaijani Railways Head Javid Gurbanov, Kazakhstani Railways President Kanat Alpysbayev, Turkish Railways CEO Veysi Kurt and Georgian Railways Chairman Mamuka Bakhtadze, the parties discussed the development prospects of the Trans-Caspian international transport route, issues of increasing freight traffic along this route and optimization of tariffs.…

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World: CBOT corn futures strengthen

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…

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Turkey: Bunge increasing assets

Bunge 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,…

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Latvia: alcohol market to be affected by legislative changes in neighboring countries

Latvia’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…

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Europe: ECSA adopts position on policy for the Arctic

European shipowners welcomed earlier this year the adoption of the integrated European Union policy for the Arctic region, ECSA said in its press release. “We believe that the three priority areas identified cover all topical Arctic matters. Climate change and environment, sustainable development and international cooperation all deserve equal attention”, said ECSA Secretary General Patrick…

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