Thursday, May 28, 2020
Russia has decided to stop grain exports after a self-imposed quota on shipments was reached this weekend, two months ahead of schedule, TASS reports. Exports for April through June reached the quota of 7 million tons yesterday, the Agriculture Ministry said in a statement. Grain shipments will be halted after the...
Russia is well-known for being among the world leaders in exporting grains and sunflower oil, but now the country has also broken into the international market for potato chips, Potato System reported citing a new study. “Unexpected, but accomplished,” say analysts from the marketing agency Roif Expert, who studied the...
Russia's southern regions, the country's main area for wheat production and exports, are still gripped by dry weather, analysts said on Monday, with one consultancy, IKAR, downgrading its forecast for the 2020 crop, Reuters reported.  Rains are expected to arrive in those regions soon and could yet improve the situation...
A1, the investing arm of Russian conglomerate Alfa Group, is looking for buyers of its leading berry processing enterprise, market leader RusBioAlliance, Kommersant reported. RusBioAlliance produces wild-grown frozen berries, preserves and jams, vegetables, mushrooms, fruit and berry toppings. The company’s website says that the production volume is up to 50,000...
Russia is entering the third decade in which the country is a net importer of food, despite growing into the world’s biggest exporter of grain, bneIntellinews writes. During the late Soviet period, Russia was a large importer of grain, soybeans and soybean meal, but managed to move up on the...
After Russia, the world’s largest wheat producer, said it will suspend exports, stoking concerns about global supplies, U.S. wheat futures rose nearly 1% on Monday, Reuters reported. By 0340 GMT, the most-active wheat futures on the Chicago Board of Trade rose 0.8% to $5.38-1/4 a bushel, having closed 0.6% higher...
Russia could temporarily halt grain exports until the end of June if shipments reach limits introduced by the government much ahead of schedule, the country’s agriculture ministry said on Friday, according to Interfax. “The quota was introduced for the period from April 1 to June 30, 2020. After it is...
Concerns are being raised about this year's grain harvest among Russian farmers and analysts as meteorologists forecast dry spring weather with little rain expected in the next two weeks, Reuters reported.  A larger crop is still expected in 2020 than a year ago as farmers sowed a bigger area with...
Russian florists are destroying a million roses a day after the coronavirus caused a slump in sales, with fears of worse to come as self-isolation measures take hold across the country, Reuters reports. According to rose growers, with non-essential shops ordered to shut, they are among many businesses fighting for...
A symbolic cargo of Russian wheat has set sail for Saudi Arabia from a Black Sea port seven months after conditions were set to allow the trade, sources told Reuters on Thursday. Russia's agriculture safety watchdog, Rosselkhoznadzor, confirmed the 60,000-ton cargo had departed. The world's largest wheat exporter had long sought...