In 1H 2020, Russia broke into the top three exporters of poultry to China. However, according to Cherkizovo Group experts, to maintain that position and develop exports further, it is necessary to strengthen sales channels and expand the range of products, including in the further processing segment. Once the Chinese market opened to Russian poultry producers in 2019, they were able to take advantage of China's domestic deficit and gain a strong foothold among the poultry exporters. At the end of 2019, Russia was the fifth largest poultry exporter to China, and by the end of the first half of 2020 it moved up to the third place. However, future performance. Read more...
A seaport with a capacity of 12.5 million tons will be constructed in Russia’s Kalmykia region, near the city of Lagan. It will connect the operating ports of Iran, India, and Kazakhstan with Russia. The new port will consist of 32 off-loading terminals and other facilities, such as elevators with a capacity of 300,000 tons of simultaneous storage for grain crops, as well as terminals for storing and shipping vegetable oils, fruits, vegetables, and other goods.The grain and container terminals will have the capacity of five million tons each, while the liquid cargo terminal will have a capacity of 500,000 tons. Container transportation is one of the promising. Read more...
Russia accounted for 96.9% of all trade within the Eurasian Economic Union (EAEU) in 2018, with trade among the four smaller countries accounting for the remaining 3.1%,Eurasianetwrites. In comparison, the largest nation in the bloc in 2000 accounted for 98.6% of trade between the five countries that would one day form the EAEU. 19 years ago, the total volume of trade between these countries was worth $14.1 billion. Of this, turnover between Russia and the four other members stood at $13.9 billion. The total value of trade within the bloc rose steadily over the next decade or so, reaching a peak of $73.1 billion in 2012. Then the 2014-16 regional slowdown (driven by. Read more...
During the visit of the Premier of the State Council of the People's Republic of China Li Keqiang to Russia, the two countries plan to sign an agreement on joint measures to stimulate the goods turnover.According to the vice foreign minister of China Le Yucheng, the parties will create a roadmap that will help to achieve the $200 billion target by 2024. Li Keqiang’s trip is scheduled for September 16–18. The official is expected to visit the 24th meeting of Russian. Read more...
U.S. President Donald Trump has said that he shares Vladimir Putin’s desire to improve trade ties between Russia and the U.S., after a lengthy phone conversation with his Russian counterpart earlier this month,Reutersreports. “We intend to do a lot of trade with Russia,” Trump told reporters at the White House. “We do some right now. It’s up a little bit. But [Putin would] like to do trade and we’d like to do trade.” Trump said he’ll meet with China’s Xi Jinping and Russia’s Vladimir Putin at theGroup of 20 summitin Japan in June. Putin’s foreign affairs advisersaidthe Kremlin is prepared to agree to any. Read more...
Trade between China and Russia reached 164.8 billion yuan (24.2 billion U.S. dollars) in the first quarter of this year, up 9.8 percent compared with the same period last year, China’s Ministry of Commerce (MOFCOM) has said, according toXinhua. Luo Weidong, director of Eurasian Affairs Department of the MOFCOM, said at the China Tianjin International Fair for Investment and Trade (CIFIT) that the country expects bilateral trade between the two countries to keep momentum in 2019. Trade between China and Russia surged in 2018, reaching $107.06 billion, a 27.1 year-on-year increase, according to MOFCOM. Chinese investment in Russia has expanded. Read more...
Global poultry prices may see an upward swing in 2019, as demand from China grows, and markets that have been in oversupply come into balance. Nan-Dirk Mulder, the author of the latest Rabobank poultry quarterly, says that with African Swine Fever decimating pig populations in China, consumers are seeking out poultrymeat as an alternative. He suggests pork production could be down 10%-20% in the country. Mr Mulder says in the reports that the past few quarters have been marked by major volatility because of a wide range of factors, including trade and disease restrictions and the US-China trade war. Production was particularly high in many markets including the US,. Read more...
The trade turnover between the two countries in 2018 for the first time exceeded $ 100 billion. Russia sold $ 56 billion worth of goods and bought it at $ 52 billion. Moreover, during autumn visit to the People's Republic of China, Prime Minister Dmitry Medvedev said that the next goal was a trade turnover of $ 200 billion. Theoretically, this is a real task. But there is no confidence in its achievement, since everything depends on how the trade war between China and the US ends, said Alexander Dushkin, asset manager of the International Fund for Private Investment: “I think that the movement towards this figure is very realistic, since China is a producer. Read more...
In 2018, Russian meat production continued to increase. By the end of 2018 the increase may be 3-3.5%, or up to 350 thousand tons in slaughter weight. In the first nine months of 2018, the total meat production increased by 4.6% compared to the same period last year. Growth was also observed in poultry (+ 1.4%), in pork (+ 9.9%), and in beef (+ 6.9%), said Anna Kudryakova, leading expert of the Institute for Agricultural Market Studies (ICAR). According to the Director General of the National Union of Pig Producers (NSS) Yuri Kovalev, in the outgoing year the output of all types of meat will add 3-3.5%, or 350 thousand tons in slaughter weight. About 10.6 million tons. Read more...
Conflicts can be solved diplomatically, militarily or economically. Russia has had disputes with Turkey over tourism and Egypt over wheat exports. The Kremlin has even fought economic battles over fruits and vegetables. Moscow has criticized the West for its economic sanctions against Russia.But the Kremlin has demonstrated it is also willing to use an economic weapon: the embargo. The latest example came in a dispute over Russian wheat exports to Egypt, which over the past year has represented the most important foreign market for Russian grain. International standards allow up to 0.05 percent of the crop to contain ergot fungus. In 2016, Cairo. Read more...
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