Saturday, May 18, 2024
Turkey exported a record high volume of tomatoes and earned 40,116,000 USD (37 million Euro), already meeting its export quota to Russia, Dunya.com reports. Tomato exporters are now asking the removal of the 150.000-ton quota that was initiated by Russia following tensions in the relations between the two countries. According to industry...
Prices for wheat exports from Russia jumped last week due to limits on shipments imposed by Romania, Ukraine, and Moscow itself, and as the ruble strengthened against the dollar, analysts told Reuters on Monday. Last week, Romania banned grain exports to non-European Union destinations until mid-May to cover its domestic...
The United Grain Company (UGC) made a contract for supply of 120,000 tonnes of wheat to Egypt, the company says on Friday, TASS reported. "The contract for supply of two lots of 60,000 tonnes of wheat of Romanian origin each at a price of $281.49 ob FOB Constanta basis was...
The Russian Grain Union (RGS) has raised its forecast for grain harvest in Russia this year from 118 million to 119.5 million tons, said Elena Tyurina, head of the RZS analytical department. "The main factor for the increase is the narrowing of the gap in yields compared to last year....
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...
Russian agriculture markets research and consulting company SovEcon announced it has cut its forecast for Russia’s 2018 grain crop to 113.9 million tons from 118.6 million tons due to dry weather. Wheat output is forecast at 69.6 million tons, down from 72.5 million tons, while barley was revised downward to 16.9...
The Russian government sees no reason, for now, to introduce an export duty on wheat and is not considering one, the country’s agriculture minister Dmitry Patrushev was quoted as saying by Interfax news agency on Tuesday. Speculation mounted among traders that Russia could consider grain export curbs once exports reach 30...
Russian President Vladimir Putin vowed on Sunday to develop the country's agricultural sector and rural areas, TASS news agency reports. In a speech published by the Kremlin on October 15, the National Day of Workers of the Agricultural and Processing Industry, Putin congratulated the workers on their professional holiday and said...
Despite having almost reached self-sufficiency in the pork industry, Russian companies are expected to increase production capacities by 900,000 tons over the next four years, Global Meat News reports. Speaking at an industry conference in Moscow, Yuri Kovalev, chairman of the Russian Union of Pork Producers, predicted that with this growth, the...
Russian retailer X5 has unveiled what it has described as a 'smart kitchen', operated by its Perekrestok banner, to increase the range and quality of its ready-to-eat and ready-to-cook ranges, Malls.ru reported. Perekrestok is Russia’s largest supermarket chain, operating more than 700 stores across the country. Describing the new facility as...