Russia, one of the world's largest wheat exporters, will export more of the grain in the new July-June marketing season due to a large harvest and stockpile,reported Reuters, citing IKAR consultancy on Wednesday, raising its estimate for the wheat crop.
Russia, which competes mainly with the European Union and Ukraine for wheat supplies to the Middle East and Africa, has been limiting its grain exports with taxes and an export quota since 2021 amid efforts to slow domestic food inflation.
Russia has the potential to export 39 million tonnes of wheat in the 2022/23 marketing season, which starts on 1 July, Dmitry Rylko, the head of IKAR, told a conference.
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The Ministry of Industry and Trade of Russia held a preparatory event to organize a meeting on topical issues of production of machinery and equipment for the food and processing industry with the Minister of Industry and Trade of the Russian Federation Denis Manturov. The event was chaired by Deputy Minister Alexander Morozov. The preparatory meeting was attended by the leaders of the leading industry associations of the food sector: dairy, meat, fish, bakery, oil and fat industries.
During the preparatory event, VARPE President German Zverev informed about the work being carried out by the All-Russian Association of Fishermen together with the Ministry of Industry and.
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Proposals for ending membership in the international organizations have been sent to the parliament
Russia’s lower house of parliament, the State Duma, is planning to discuss the potential withdrawal of the country from the World Trade Organization (WTO) and the World Health Organization (WHO), according to Pyotr Tolstoy, the vice speaker of the parliament.
“The Ministry of Foreign Affairs sent a list of such agreements to the State Duma, and together with the Federation Council [upper house of parliament] we are planning to evaluate them and then propose to withdraw from them,”Tolstoy said on Tuesday.
The vice speaker said that Russia had.
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A new poultry house will be launched at the Pionerskoye poultry farm at the end of May. Now commissioning works are being completed here. It is planned that with its opening, egg production in the region will grow by 5 million pieces per year – up to 60 million. This was reported by the Ministry of Agriculture of Russia.
Pionerskoye is a large poultry farm in Kamchatka. Currently, the poultry farm covers the peninsula's demand for chicken eggs by more than 70%. The introduction of new capacities will increase the share of local products on the shelves. In the future, the company plans to increase the production of not only eggs,.
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Finland's Atria said on Monday it had sold its fast food business in Russia, Sibylla Rus, to Russian meat producer Cherkizovo for about 8 million euros ($8.34 million), reported Reuters.
Atria said the Russian business accounted for about 2% of the group's total net sales and had been profitable.The Finnish company said it would record a capital gain of about 2 million euros from the divestment and a translation loss of about 10 million euros.
The translation loss is recognised in earnings before interest and taxes (EBIT), but it has no effect on the group's equity or cash flow, Atria said.It had said in March it would exit its fast food business in.
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From May 16, 2022, Rosselkhoznadzor introduced restrictions on the supply of poultry products to Russia from regions of the United States and Canada that are unfavorable for bird flu. This is stated in the message of the department.
Rosselkhoznadzor introduces temporary restrictions on the supply of live poultry and poultry products from the US state of Utah and the Canadian provinces of New Brunswick and Manitoba from May 16, 2022.
The Rosselkhoznadzor explained that the ban includes the supply of live poultry, hatching eggs, poultry meat, finished poultry meat products (with the exception of goods subjected to processing that ensures the destruction of avian.
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India’s ban on exports has raised fears of a major food crisis
Wheat prices surged to a new record high on Monday after India decided to prohibit exports of the commodity as a heatwave hit production. The price climbed to €435 ($453) per ton as the European market opened.
Soft red winter wheat for July delivery rose 4.2%.
New Delhi said this weekend it was curbing exports as the country, the world’s second-largest wheat producer, saw its hottest March on record. The authorities have expressed worries about the food security of the nation’s own 1.4 billion people amid lower production and sharply higher global prices.
Export deals.
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According to Data Processing Center of Rosselkhoznadzor, 23 cases of African swine fever (ASF) were confirmed in Russia between January 1 and May 11, 2022.
8 outbreaks were registered in farm animals in the territory of Astrakhan (1), Omsk (1), Samara (1), Saratov (2), Sverdlovsk (1) regions, Khabarovsk (1) region and the Republic of Bashkortostan (1).
The virus is mainly confirmed in small farms. Thus, in early May, an ASF outbreak was found on a pig farm in Omsk district of the Omsk region. The farm has 330 pigs on-site, 20 of which fell ill and died.
15 outbreaks in wild animals have been reported in Russia since the beginning of the year. ASF-infected.
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The first plant for the production of granular compound feeds will appear in Dagestan. The project is implemented by Batyr-Broiler. This was reported by the Ministry of Agriculture of Russia.
The plant will produce up to 63 thousand tons of granular feed per year. Commissioning is scheduled for July 2022.
The company plans to implement other major investment projects: the construction of a second–order breeding reproducer with a capacity of 25 million hatching eggs per year, as well as new buildings for poultry cultivation - the company received state.
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Russia's economy is coping better with Ukraine-related Western sanctions than could be expected, JPMorgan Chase said in a note to clients dated last week and made public on Monday.
According to the biggest US investment bank, business sentiment surveys from the country“are signaling a not very deep recession in Russia, and therefore imply upside risks to our growth forecasts.”It also cited high-frequency indicators such as electricity consumption and financial flows, which signal that the economy is in better shape than predicted.
“The data at hand therefore do not point to an abrupt plunge in activity, at least for now,”the bank’s.
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