The Kazakhstan egg industry is in troubled waters due to state aid ending, feed shortages, and the fall out of the Covid pandemic on its export markets. During the first six months of 2020, Kazakhstan produced 2.6 billion eggs, which is 5.6% less than last year, and the worst is still to come. By the end of 2020, the country’s egg industry could collapse, the Kazakh Egg Producers Association warned. The production could fall further from 4.5 billion in 2019 to 2 or 3 billion eggs in 2020, as small and medium-sized egg farms would be forced to cease operation, said Maxim Bozhko, chairman of the Egg Producers Association. Most countries in the Eurasia Economy. Read more...
This year, agricultural production may increase by 1% compared to 2019 with a planned value of 1.8%, according to the National Report of the Ministry of Agriculture following the implementation of the state program for agricultural development. Relative to the base year 2017, the industry will grow by 4.8% against the target of 3.8%. Including plant growing, it is expected to add 1.9% to last year, livestock - 1.5%. Under favorable economic and weather conditions, forecast indicators may be higher. According to the forecast of the ministry, the gross harvest of grain and legumes this year will be 121.9 million tons, which is 0.6% more than in 2019. In mid-June,. Read more...
A string of European countries have called for targeted measures to alleviate the impact of Russia’s import ban on EU. Read more...
Analysts have reacted to the latest collapse of oil prices with varying forecasts. Some believe oil prices are on their way down to the critical level of $35, which would keep the Russian economy in recession. Others, however, including Western analysts, are of the opinion that 2016 may see the first shoots of recovery. The collapse of oil prices in December has divided officials and analysts into pessimists and optimists, with Russian Finance Minister Anton Siluanov predicting on Dec. 12 that the price of oil in 2016 will fall below $30 per barrel in some periods, according to the TASS news agency. According to Siluanov, demand and the price of oil will continue. Read more...
Russians have had to adjust their consumer behavior to the ongoing economic crisis. Some 62 percent of them have switched to buying cheaper food and goods (against 58 percent in January), the Russian Public Opinion Study Center (VTsIOM) said. The number of people who have been buying fewer goods and spending less on their entertainment or have stopped doing so at all more than six months ago has markedly grown (from 21 percent in January to 37 percent in September), VTsIOM said, presenting a poll of 1,600 individuals held in 130 populated localities in 46 regions on September 26-27. Another 20 percent said they had been acting in that manner for the past six months,. Read more...
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