Russians are switching to a new lean consumption model, choosing goods at a lower price and are increasingly focusing on discounts, Igor Karavaev, president of the Association of Retail Trade Companies (AKORT), told RIA Novosti. "Consumers have become more frugal. This is partly due to a slowdown in demand after a surge in shopping activity in March, but in general, we are seeing a transition to a new, more frugal consumption model. Buyers have begun to choose low-price products more often, they are increasingly focusing on discounts," — he said. According to him, the structure of consumer spending has also changed.So, a year ago, it was dominated. Read more...
Inflationary expectations of the population for the year ahead in August increased to 12.0% (+1.2 percentage points against July), but remained lower than in June (-0.4 percentage points against June).Observed inflation in August was declining for the third month in a row, its estimate was 20.5% (-1.7 percentage points against July).Long-term (three years ahead) inflation expectations of the population increased slightly, but remained significantly below the levels of early 2022.This is stated in the commentary of the Bank of Russia "Inflation expectations and consumer sentiment", writes The DairyNews with reference to the press service of. Read more...
Russia’sTatarstan Republicis looking to increase trade with Iran via the International North-South Transportation Corridor (INSTC), said Tatarstan’s Deputy Prime Minister and Minister of Industry and Trade Korobchenko Oleg Vladimirovich. Speaking in a meeting with his Iranian counterpart, Vladimirovich announced the establishment of logistics centers in Tatarstan in order to increase trade with Iran through the INSTC and the Caspian Sea, and raised the proposal for the launch of direct flights between Tehran and Kazan to improve bilateral trade adding that Tatarstan will prepare all the necessary infrastructure. Flights currently have to route via Istanbul,. Read more...
Saudi Arabia is interested in increasing the supply of Russian food and agricultural raw materials, the trade turnover in this area is $700 million and has the potential to grow two to three times. This was reported by the Prime agency, with reference to the Russian trade representative in Saudi Arabia, Stanislav Yankovets. “The basis of our exports to Saudi Arabia is the export of food and agricultural raw materials - almost $ 700 million ... Food exports are an important topic here, and the trade turnover of $ 700 million is constantly growing, and here the prospects can easily be doubled or tripled. The market will swallow everything,” Yankovets. Read more...
Since the beginning of the year, the production of basic types of livestock products in the Novosibirsk Region has been higher than for the same period in 2021 for each criterion, new investment projects in the agricultural sector are being implemented in the region, and a breeding base is developing Evgeny Leshchenko, Deputy Prime Minister - Minister of Agriculture of the Novosibirsk Region, spoke about the development of animal husbandry in the region at a press conference on August 19. “Currently, our region ranks third in the Russian Federation in terms of the number of dairy cows, and is in the top ten in the production and sale of milk. In the Siberian. Read more...
Russia and India can recognize each other's payment systems.Specifically, the Mir system and RuPay, Deccan Herald reports.According to the data, countries are already discussing the creation of a Single Payment Interface, which will not be affected by Western sanctions against Russia. According to the newspaper's interlocutors, the issue of mutual recognition of the systems was discussed during recent bilateral meetings, including during a visit to Moscow on August 17-18 by India's national security adviser Ajit Doval. Russia and India are discussing the expansion of the use of national currencies in bilateral trade.The possibility of creating. Read more...
President Vladimir Putin agreed on proposals to change the extended liability mechanism for producers and importers of goods and packaging (ERP), follows from his resolution in a letter sent by Deputy Prime Minister Victoria Abramchenko (a copy of the letter of July 29 with a resolution of August 11 is at RBC, his authenticated by a government source). RBC sent a request to the presidential press service.The press service of the government forwarded questions to Abramchenko's office.Representative of Victoria Abramchenko declined to comment on the letter, noting that the government continues to work on the implementation of the president's order to introduce. Read more...
According to the results of the shearing company 2022 in the Republic of Crimea, the success of regional sheep breeding is obvious Sheep shearing campaign ended in Crimea. This was announced by the First Deputy Minister of Agriculture of the Republic of Crimea Alime Zaredinova. “More than 40,000 heads have been sheared in sheep farms, resulting in more than 150 tons of semi-fine wool. Our livestock breeders approach sheep shearing responsibly, every year they increase the production of high-quality fine-fleeced and semi-fine-fleeced wool. Most of the wool from one head - 4.6 kg each was received in the farms of the Chernomorsky region," the. Read more...
Rosselkhozbank experts have identified a list of agro-industrial sectors in Russia where the introduction of robots has great potential for development, the bank's press service reported. According to iFORA, the HSE big data mining system, robotization of the agro-industrial complex is one of the main global agrotech and foodtech trends. Although robotization has come to the Russian agro-industrial complex relatively recently, this area is developing at a rapid pace, estimates Elena Baturova, director of the Center for the Development of Financial Technologies of the RSHB. According to her, about 200 agrotech start-ups for the digitalization of agriculture are now. Read more...
The African continent is an important market for Russian agricultural products. Last year, African countries accounted for 12% of Russia's total agricultural exports. Including wheat, 11.9 million tons worth $3.3 billion were shipped, sunflower oil - 244 thousand tons worth $318 million, soybean oil - 223 thousand tons worth $260 million, barley - 944 thousand. tons for 231 million dollars. Russian exports of meat products demonstrate high dynamics: over the period 2017-2021, deliveries to Africa increased 13 times in physical terms (up to 25 thousand tons) and 19 times in value (up to $ 38 million). Despite the specifics of the African market, Russian. Read more...
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