Friday, April 26, 2024
Indonesia imported 1.14 million tonnes of wheat from Russia from July last year to the end of March continues according to official Russian reports. This continues the Southeast Asian country’s newly formed love affair with Russian wheat, Stock & Land reports. While Indonesia’s current import figures are still dwarfed by...
Some 80 miles from the capital Moscow, Russian farmers and small businesses around Kolionovo are ditching the ruble and switching to a newly-promoted cryptocurrency -- the kolion -- to pay for local trade, CNN reports. A local banker-turned-farmer, Mikhail Shlyapnikov, led the way. When he was diagnosed with cancer a...
Egypt rejected a massive cargo of Russian wheat claiming it contains excessive levels of the common grain fungus ergot, which caused a global supply snag on Thursday, Reuters reported. Egypt is the world’s biggest wheat importer. According to a spokesman from the Egyptian Agriculture Ministry, the country’s authorities have recently held...
Russia’s agriculture industry has seen a decrease in investment by foreign companies in 2017, compared to the previous year, research from professional services firm EY published at St. Petersburg International Economic Forum reveals. According to Forbes Russia, the report said that last year, for the first time ever, China became...
Russian grain exports to China have hit the million ton mark for the first time this crop year, according to the country’s veterinary and phytosanitary agency, Rosselkhoznadzor. Official data shows that from July 1, 2017 to May 15, 2018, a total of 1.23 million tons of grain from Russia was...
Pharmaceutical giant Bayer AG has received approval from Russian antitrust authorities for its pending $62.5 billion acquisition of Monsanto, TASS agency reports. Under the terms of the approval, Bayer must transfer to Russian recipients certain molecular breeding assets in several crops for a five-year period, the report said. The company...
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...
Russian pork, soybeans and wine have high chances of filling the niche in China’s market American farmers may leave amid the trade war, Izvestya reports. Starting from Saturday, Beijing may significantly raise import duties for 128 U.S. goods in response to Washington’s heavy tariffs on the import of steel and...
Russia’s First Deputy Agriculture Minister Dzhambulat Khatuov says the ministry is satisfied with the condition of winter crops, with a grain harvest anticipated at 100 million tons, TASS news agency reported. "The Russian agriculture ministry jointly with the Russian regions is monitoring the situation. As of today, we consider the...
The European Commission’s antitrust body approved on Wednesday Bayer’s $62.5 billion acquisition of U.S. peer Monsanto, the latest in a trio of mega-mergers that will reshape the global agrochemicals industry, Reuters reported. The decision now puts the fate of the deal in the hands of antitrust authorities in the United States...