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: rapeseed crushing capacities up

Small-sized farm “Domashenkov A.G.” launched the first rapeseed crushing plant in Nizhegorodsk region with the project capacity of 12 KMT of rapeseed per day. Out of every MT of raw material the farmers plan to obtain 400 kg of vegoil and 600 kg of cake. According to Russian AgMin, thanks to the participation of farmers…

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…