Friday, March 1, 2024
А 63,000-tonne Russian wheat cargo, halted for the common grain fungus ergot, will be allowed into Egypt after test results indicated levels fell within acceptable limits, Russia’s state Grain Quality Service said on Monday, according to RIA. Egypt, the world’s largest wheat importer, said on Thursday the cargo, sold to state grain...
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...
Selling Russian ice cream has been a lucrative business opportunity for many Chinese entrepreneurs since Russian President Vladimir Putin brought ice cream as a state gesture to the 2016 Group of 20 meeting in Hangzhou, the Global Times reports. "More Chinese consumers have begun to show interest in Russian ice cream,"...
Swiss-based, Russian-owned mineral fertilizer company EuroChem has sold its Ukrainian subsidiary, Agrocenter EuroChem-Ukraine, as the country’s government imposed an embargo on the import of Russian fertilizer, The Kyiv Post reports. The firm, which is owned by Russian industrialist Andrei Melnichenko sold its asset to a company “connected to the subsidiary’s...
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...
A new processing plant for cod and haddock will be opened in the northwest of Russia, marking another step in the development of the country’s fishing industry, Undercurrent News reported. The project was initiated by the Russian Fishery Company (RFC), which plans to team up with Agama, one of the...
Wheat prices have pushed up through the $5 barrier locally as markets respond to a persistent drought in the heart of U.S. wheat country, Southwest Farm Press reported. Trading in wheat markets this week has also been affected by weather concerns in the Black Sea region. Traders jumped on the...
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...