Tuesday, 23.04.2019
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...
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...
The CEO of Russian company Biotrof, the first in the country to develop and sell feed additives, has said he believes that the animal products, feed, and feed additives markets in Russia will develop further in the coming years, All About Feed reports. In an interview with the news outlet,...
Russian confectioners are looking to tap the lucrative Chinese market, and have recently begun thinking about localizing their production in the country, Kommersant reports. Russian holding company United Confectioners, which owns such legendary Soviet candy brands as Alyonka and Babaevsky, has come up with a project to create production...
Russia’s state-owned lender Agriculture Bank said on Wednesday it will provide an 18.9 billion rouble ($288 million) loan to agricultural holding company Ekoniva for the construction of a dairy plant in the Novosibirsk region, local news outlet Sibdepo reported. “By 2022 we plan to reach the full capacity of...
Russian authorities have proposed extending a food embargo to prohibit imports of all kinds of meat and breeding stock supplied to the country by the U.S., the European Union, Canada, Australia, Norway, Ukraine and a number of other countries, RIA Novosti news agency reported. "The proposed changes are due to...
A new grain exporters’ union will be set up by the Russian Agriculture Ministry to “better understand the needs of the market,” officials said this week after its routine meeting with local grain traders, Reuters reported. The move was interpreted by traders as a result of the close attention...