Saturday, May 18, 2024
The implementation of the pig breeding project in Russia’s Primorsky Krai by agribusiness giant Rusagro will create about 2,000 jobs,  the region’s vice-governor Valentin Dubinin told journalists on Tuesday. Rusagro is building the largest pig-breeding project in Russia on the territory of the Mikhailovsky TOR in Primorye, estimated at around 29...
One of the biggest players in Russia’s meat industry, Cherkizovo Group, has said it wants to expand to the Voronezh region, Just Food reported. The company, which this month also revealed plans to invest $115 million in its meat processing capability in the Moscow region, has now announced that over the next...
Prices and profitability in the Russian meat market could be hit after the Government’s decision to raise VAT from 18% to 20% from 2019, Global Meat News reports. However, the impact could be minimized if the authorities decide not to reimpose the higher VAT rate on food products, though this...
The end of the 2017-18 (July-June) wheat marketing year showed Russian exports were up 48.5% on the year at 39.05 million metric tons (mt) as of June 13, data from the country’s Ministry of agriculture showed Monday. According to Platts, Russia’s exports accelerated in the last week to 514,000 mt,...
The United Arab Emirates is blocking imports of live birds and related bird products from Russia into the country based on a World Organization for Animal Health (OIE) health warning of a bird flu H5N2 outbreak on a farm in the central region of Kurskaya Oblast in Russia, The...
Trading activity in the Russian old-crop wheat market continued slowing during past week, with market players switching to new-crop wheat, Vedomosti reported. The current weather situation in Russia’s grain growing regions along with a lag in planting brings uncertainty to the market. Growers will most likely take a wait-and-see attitude...
Leading Russian agricultural consulting firms SovEcon and IKAR have slashed their estimates for the country’s 2018 grain harvest due to cold wet conditions in the key spring wheat regions of Siberia and the Urals, Fomag reported. The favorable weather brought Russia a record grains harvest of 135 million tonnes in 2017. The...
Russian winemakers have given President Vladimir Putin a list of proposals for bolstering the industry, including import tariffs imposed on foreign wine entering the Russian market, a source close to one of the winemaking companies told Vedomosti. According to the source, the chairman of the Union of Oenologists and Winemakers...
U.S. Ambassador to Croatia W. Robert Kohorst said on Wednesday that, to avoid unfavorable scenarios while trying to reach a settlement for the ailing agricultural conglomerate Agrokor, not one group should have more than 10% of voting rights in the company. Kohorst’s statement comes after Russia’s largest bank, Sberbank, said...
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...