Saturday, March 25, 2023
Russian wheat export prices registered a fifth consecutive weekly decline last week as benchmark prices in Chicago fell and the ruble weakened, analysts told Reuters on Monday. Coronavirus fears which sparked a global sell-off in recent weeks sent the ruble to its weakest against the dollar since early 2019 and...
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...
California-based food processing and packaging equipment maker Heat and Control has opened its first office in Moscow in a bid to expand in the Russian market, Canadian Packaging reported. By opening the Russian office, Heat and Control “demonstrates its commitment to its customers in Russia, greater northern and eastern Europe,...
Increased activity in agriculture and rising wholesale trade have contributed most to economic growth in Russia in the third quarter of this year, bne Intellinews reported citing newly-reelased data by statistics agency Rosstat. The output of basic economic sectors rose by 2.9% y/y in September, compared with 2.4% a month...
Finnish food producers that came under Russia’s food embargo four years ago, hope to return to the Russian market, Esa Wrang, head of the Food from Finland program has told Russian media. According to RIA news agency, Wrang added that the Finnish companies would like to return to Russia even though they have...
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,...
A Pakistani government official said on Monday his country expects Russia to lift a year-long ban on rice imports from Pakistan, as concerns about phytosanitary standards have been allayed, brightening prospects of reopening a $50 million market, The News writes. According to the Trade Development Authority of Pakistan, the Russian...
A leading exporter of Black Sea grain cargoes said on Wednesday that Russia still has a surplus of 4 million to 5 million tons of old-crop of the grain for exports, Reuters reported. The global market has been expecting the Black Sea Region suppliers, mainly Russia, which is the world's...
Renewed rumors that Russia may curb wheat exports on top of technical buying pushed wheat futures sharply higher in global markets Wednesday, while corn and soybean futures followed, the latter on a light technical bounce that overcame prospects for a record-large harvest, Agriculture.com reports, citing Reuters news agency. Chicago...
The Trade Development Authority of Pakistan (TDAP) has urged local exporters to increase exports of agricultural products to Russia, where food is in demand after the country imposed a ban on food imports from the West, Pakistani website The News reports. Russia keeps extending the ban, which prohibits import of...