Monday, May 13, 2024
Russia’s record grain harvest last year and the country’s booming exports are causing losses for American farmers, with an increasing number of agricultural companies across the U.S. forced to shut down, The Wall Street Journal reports. Russia produced a record yield in the past agricultural year, which ended on June...
A new e-commerce platform could add 50,000 metric tons of sales volume to the business of Russian Fishery Company (RFC), the country’s largest importer, according to the company’s CEO and co-owner. Dmitry Dangauer told Undercurrent News that the Rusfishcom app, launched in five regions of Russia earlier this year,...
Vietnamese dairy major TH Group has begun the construction of a $2.7-billion dairy farm and milk processing mega-complex in the Borovsk Special Industrial Economic Zone in the Kaluga region of Russia, turning the page for the country’s foreign investment efforts, Vietnam news reports. The first phase of the project, first...
American pollock and tuna harvesters are concerned about this year’s Farm Bill, after Alaska Republican senator Dan Sullivan has placed a provision that would force the U.S. Department of Agriculture (USDA) to more aggressively enforce the “buy American” rules required for schools to receive federal reimbursement for the meals...
The ongoing trade war between the U.S. and China has left the Asian country with a large void in soybean imports, which Beijing wants to fill by importing more soybeans from Russia, The Global Times reports. Imports from the U.S. now face tariffs of 25 percent and as a result,...
A U.S. seafood industry group is concerned that President Donald Trump’s planned tariffs against Chinese goods will help their main global competitor, the Russian pollock industry, Undercurrent news reports. Trump’s administration is engaged in a trade war with China and plans to impose additional 10% to 25% tariffs on 6,031...
Russian agricultural holding RusAgro has acquired CapitalAgro together with its distribution company CapitalAgro Trade House for 1.9 billion roubles ($28 million), the company said in a statement on its website, according to Dairy News. Within the deal, RusAgro gained control over several pig farms in Belgorod region in European Russia...
Russia will continue to destroy any sanctioned Western-made food products it discovers in its territory in 2019 after the government extended the validity of the rules for the destruction of sanctioned products, UkrAgroConsult reports. The decision extends the validity of the rules for the destruction of agricultural products, raw materials...
Russian agribusiness concern Rusagro is interested in buying a dairy production facility in the Samara region, an industry source told Interfax, adding that the deal could be announced next week. Another source told the news agency that the company was negotiating the purchase of production facilities in the Samara...
Armenia has placed restrictions on imports of Russian meat in order to prevent the entry of African swine fever and bird flu into the country, Izvestya reports, citing Armenian authorities. The import of several respective products to Armenia from some Russian provinces has been temporarily suspended as of August 29, the...