Wednesday, January 29, 2020
Cherkizovo Group, Russia’s largest meat producer, has announced plans to conduct an offering of its ordinary shares listed on the Moscow Exchange, Reuters reported. In the offering of primary and secondary shares, set to raise over $300 million, shares will be sold by existing shareholders, including MB Capital Europe, as well...
Eight Russian seafood companies will build new production facilities in exchange for quotas for Atlantic cod, haddock, and other fish species, assigned to them by Russia's federal fishery agency, Rosrybolovstvo, Dp.ru reports. The total investment in the new facilities will exceed 5.4 billion rubles ($81.5 million), according to the agency. Rybotorgovaya Setj...
Rumors of a government-backed export limit in Russia have sent global wheat prices up to a five-day high on Monday, Reuters reported. The continued rumors ahead of a government decision have increased concerns of possible supply delays. They have also caused Russian wheat sales in general to show their first...
Russia's agricultural watchdog said on Wednesday it had filed a lawsuit against meat firm Cherkizovo, one of the country’s top producers of poultry and pork, over safety violations, Prime news agency reported. Rosselkhoznadzor, the country’s food safety regulator, said it had asked the court to halt sales of products...
Russia is making itself known as an exporter of organic food and the country’s producers are keen to develop relations to the lucrative Chinese market, Shine.cn reports. Russia has one of the largest displays of food and agricultural products at the China International Import Expo, including "Green" goods, the report...
Fruits, coconuts, cocoa, nuts, vegetables and fish from the Philippines have a big export potential in Russia, the Philippine Trade and Investment Center in Moscow (PTIC-Moscow) said, according to Business Mirror. The team said some Russian importers, buyers and distributors showed interest in many locally produced goods during the World...
Russian turkey producer Damate is planning the biggest kosher meat processing plant in the country, targeted at establishing exports to Israel, the company revealed, according to Global Meat News. The facility, built in the Kamensky district of Russia’s Penza region, will have a production capacity of 70,000 tons of various turkey meat...
Russian companies could start importing beef from Mongolia, after local businessmen discussed the possibility of a trade agreement, first of its kind between the two countries, with Mongolian businessmen. Delegates from the Mongolian National Chamber of Commerce and Industry (MNCCI) visited the Russian city of Tomsk and met with representatives...
An organization of grain exporters similar to the Organization of Petroleum Exporting Countries (OPEC) could help the stability of the grain market, coordinate grain prices, and solve the problem of world hunger, Russian Deputy Prime Minister Aleksey Gordeyev has said, according to Agroinvestor. The idea was raised during Gordeyev’s meeting...
The Russian Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) has lifted the restrictions on the import of products by three Belarusian companies on Friday, BelTA news agency reported. Beef and beef products by Borisov Meat Processing Plant No. 1, dairy products of Molodechno Dairy Plant, and some products of OOO...