Tuesday, 23.04.2019
Russian meat producer Cherkizovo Group has announced that it does not plan to proceed with an offering of its ordinary shares on the Moscow Exchange, citing 'current market conditions', Vedomosti reported. In March, the group said it was planning the offering, which would “provide investors with an opportunity to...
Ekosem-Agrar AG, the German holding company of Russian milk producer EkoNiva Group, increased its raw milk output to more than 2,000 tons per day for the first time last week, the company said in a press release. This means the dairy giant has doubled its milk output per day...
A strong demand for high-quality carrots in Russia has allowed producers to further raise prices of the vegetable, according to analysts from the EastFruit project. Carrots accounted for 10% of Russia’s vegetable imports last year. Last week, amid a general shortage of supply, local farmers offer high-quality carrots at...
The Russian Direct Investment Fund (RDIF) is likely to buy shares in major meat producer Cherkizovo as part of its secondary public offering, RDIF head Kirill Dmitriev said on Monday, according to Reuters. “We are considering it. We believe that Cherkizovo Group has good prospects on the market,” the sovereign...
Export prices for Russian wheat fell last week after global benchmarks in Chicago hit their lowest in two weeks on massive supplies of U.S. corn and soybeans, analysts told Reuters. Prices for Black Sea Russian wheat with 12.5 percent protein content and for delivery in April were $225 per ton...
Russia imported the lowest volume of greenhouse vegetables in January in the past three years, analysts from analytics agency EastFruit said in a note, according to APK-Inform. Compared with January 2018, the value of greenhouse tomato, pepper and cucumber imports decreased by 15.2%, down to $79.5 million, the report...
Boosted by an increase in global benchmarks in Chicago and a strengthening of the rouble, Russian wheat export prices rose last week, Agriculture.com reported. Last week, the Russian currency hit its strongest level since August, while Chicago wheat futures touched 3-1/2 week highs. Black Sea prices for Russian wheat...
Frozen poultry exports from China's eastern Shandong province to Russia have resumed, after an outbreak of avian influenza prevented Chinese frozen poultry from accessing the Russian market, Xinhua reported. The move came after the protocols on veterinary and phytosanitary requirements for the supply of frozen poultry meat and dairy...
Agricultural exports from the Amur Region in Russia's Far East to neighboring China are expected to exponentially grow as the region is quickly becoming a major soybean exporter amid a trade war initiated by the U.S. against China, CGTN reports. After a dramatic reduction in China's imports of soybean from the United States, Russia,...
Following the acquisitions of broiler company Belaya Ptitsa and meat processor Samson in December, Russia’s biggest meat producer Cherkizovo is reportedly eyeing a takeover of another poultry business – agricultural holding Eurodon, Interfax news agency reported citing sources. Several other Russian news outlets also reported that Cherkizovo might be...