Sunday, October 24, 2021
Global wheat traders interpreted tensions in the Kerch Strait between Russia and Ukraine as a short-lived incident, which led to Russian wheat export prices being broadly stable last week as, analysts said on Monday, according to Business Recorder. Russia seized three Ukrainian navy ships and their crews on Nov. 25...
The price of Russian 12.5% protein wheat slid to a five-week low at $241/mt amid sellers attempting to regain market share from more competitive alternative origins, S&P Global Platts reported on Wednesday. Price and quality factors have led European and U.S. wheat to draw demand away from Russia in recent...
China and Russia have agreed to buy each other's poultry and related products, China's General Administration of Customs said this week, according to Reuters. The poultry products that can be traded between the two countries include frozen poultry meat and byproducts like frozen chicken skin, wings, and feet, the General...
Russian lawmakers in the Duma (lower house of parliament) have fully approved last week a government-sponsored bill on growing plants containing narcotic substances for medical purposes in the country, Vremyan.ru reported. The draft law, which was approved on Wednesday by the Russian senate, makes legal the growth of opioid plants...
Russian farming conglomerate Rusagro said on Wednesday it has bought a 22.5% stake in local competitor Agro-Belogorie (Agrobel), raising speculation this is a first step to taking a controlling stake to become the country's largest pork producer, Agroinvestor.ru reports.  Russia has seen intensifying consolidation in the meat industry in recent...
Philippine food company Century Pacific Food Inc. (CNPF) has signed separate deals with four top Russian firms to supply tuna, sardine, and coconut milk products, Rappler.com reports. Under separate memoranda of understanding, Century Pacific agreed to supply tuna and sardine products to Russia’s prime food retailer Magnit, Dalimo, and...
In an effort to demonstrate the reliability of its banana production chain, Ecuador's agriculture safety watchdog will send Russian authorities a report on the phytosanitary and traceability controls that are carried out throughout the process, APK Inform reports. The Animal and Plant Health Control and Regulation Agency (Agrocalidad) is taking...
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...

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