Thursday, April 25, 2024
Russia is counting on the resolution of problems related to the quality of bananas shipped from Ecuador, Alexander Shchetinin, head of the Latin American department at Russia’s Foreign Ministry, told TASS. He noted the relevant departments are discussing the deliveries of Ecuadorian bananas and there is not any political context...
For the third consecutive week, Russian wheat prices recorded a rise last week, driven by higher demand from exporters and domestic processors, which offset rising supply from farmers, analysts told Reuters on Monday. Some 12.5% Russian wheat prices for December delivery were up $0.50 to $208.5 per ton on a...
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 farming conglomerate Rusagro said on Wednesday it has bought a 22.5% stake in local competitor Agro-Belogorie (Agrobel), raising speculation this is a first step to taking a controlling stake to become the country's largest pork producer, Agroinvestor.ru reports.  Russia has seen intensifying consolidation in the meat industry in recent...
New measures to keep the prices of sugar steady The government is discussing new measures to regulate the price of sugar, since the agreement for fixed sugar prices ends on June 1. New measures include the creation of an intervention fund with sugar reserves for sale, at times of...
China and Russia have agreed to buy each other's poultry and related products, China's General Administration of Customs said this week, according to Reuters. The poultry products that can be traded between the two countries include frozen poultry meat and byproducts like frozen chicken skin, wings, and feet, the General...
In another sign of the readiness of Chinese companies to invest into Russian agriculture, trading corporation COFCO is interested in acquiring a 25% stake in Russian grain terminal KSK in Novorossiysk, Kommersant reported citing sources close to the deal. Тhe third largest grain terminal in the southern Chernomorsk region of...
A “Wine House of Azerbaijan” was opened in Yekaterinburg on Monday, a move aimed at boosting sales of wines from the former Soviet republic in Russia, Azer News reports.  About 120 Azerbaijani wine products and alcoholic beverages are presented in the wine house, which is the third such venue opened...
Russia’s Federal Antimonopoly Service (FAS) will check the information about rising food prices, the watchdog’s press service said, according to TASS. Earlier, the speaker of the State Duma (lower house of parliament) Vyacheslav Volodin asked Prime Minister Mikhail Mishustin to take measures to control rising food prices. According to Volodin,...
Russian food products have a broad assortment and quality which guarantee they are ready for being exported to the European market, Russian Deputy Prime Minister Alexei Gordeyev said during the ANUGA-2019 food and drinks fair in Germany’s Cologne, according to TASS. "From the point of view of assortment, our products are fully in...