The latest sanctions imposed on Russia and Belarus have sent global prices for fertilizer soaring to an all-time high. The two countries are major exporters of potash, critical for the global agriculture industry, which is already reeling from pandemic-related disruptions.
Last week, fertilizer prices surged nearly 10% versus the previous week, according to Green Markets North America Fertilizer Price Index, the highest price point ever recorded. The index shows current prices are 40% higher than a month ago, before Russia’s military operation in Ukraine began.
According to CRU, a UK-based commodity consultancy, prices for raw materials that make up the.
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Russian-Iranian combined resources equate to the world’s eighth largest economy and one of the world’s largest energy providers
TheIranian Ambassador to Russia, Kazem Jalali has stated thatRussian and Iranian officials are set to discuss banking and financial cooperation.
The parties are also looking at expanding joint economic cooperation. Iran signed off afree trade agreement with the Eurasian Economic Unionlast year, and like Russia is under heavy trade and financial sanctions by the United States. The two countries also signed a20 year cooperation agreementin 2021.
Cooperation could involve the use of Russia’s SPFS inter-banking system as.
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What are sanctions against Russia and which countries aproved restrictions? What are Russian countermeasures?
Read more in our article and check out special Heat Map on Restrictions against Russia
More details.
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This year, the cost of producing 1 kg of pork in Russia may rise to 100-105 rubles. In 2019, it averaged 65 rubles/kg, by the end of 2021 it was 85 rubles/kg due to a sharp increase in grain prices. Yury Kovalev, General Director of the National Union of Pig Breeders, spoke about this at the industry conference ProMeat Industry 2022 in Belgorod, Interfax reports. According to him, this year the dynamics is connected with the rise in prices of all foreigncomponents of production and grain. At the same time, despite external factors, pork production will grow by 5% in the next two years.
It is still very difficult to assess how the current problems will affect the.
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Russia copes with the production of meat, poultry, milk and fish products. However, for now, there is an acute issue with parent stocks, breeding material and the production of veterinary preparations. Vadim Khlestkin, director of the All-Russian Research Institute of Genetics and Breeding of Farm Animals, believes that this problem can be solved with the help of state orders and the creation of breeding and scientific centers.
“Our science is able to support agriculture. Butwe must receive government orders. Small farms cannot order a scientific development from us, because they do not have money for these studies,” the expert says.
According to.
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The unprecedented sanctions against Russia have pushed energy costs higher in Europe and the US, driving record inflation and making it ever more expensive for farmers and truckers to fuel their machinery, afford fertilizer or keep up with other costs. In Europe, which is dependent on Russian oil and natural gas, the sanctions have worsened an energy supply crunch that has driven up costs for households and businesses. RT looks at what life without Russia is like for the West these days.
High energy costs trigger unrest
People have been protesting across the EU as the cost of diesel and gasoline has become prohibitively expensive. Thousands of truckers began an.
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Plans to increase the output of meat and dairy products will not be affected by the sanctions imposed by the West against Russia. Difficulties can only arise with packaging - foreign components are used there, Denis Tsarev, press secretary of the Agropromkomplektatsiya group of companies, told the VZGLYAD newspaper.
“Currently, the Agropromkomplektatsiya group of companies is modernizing existing production facilities in order to increase production volumes. For example, next year we are going to double the production of sausages - these are serious volumes, we intend to produce a large number of goods, ”says Tsarev.
He says that the.
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The import duty on food products will be canceled for six months by the Council of the Eurasian Economic Commission (EEC). This was reported on March 18 by the press service of the EEC trade bloc.
“The decision, in particular, concerns animal and dairy products, vegetables, sunflower seeds, juices, sugars, cocoa powder, amino acids, starches, enzymes and other food products,” the message says.
In addition, duties on goods for the production of pharmaceutical, metallurgical and electronic products will be canceled within six months. Goods used for the development of digital technologies, and goods for the production of light industry products, as well as goods.
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Deliveries of products to Russian retail chains are carried out without interruption, sufficient stocks of products have been formed in warehouses and distribution centers. This was announced by the Minister of Agriculture of the Russian Federation Dmitry Patrushev on the air of the Russia-24 TV channel.
“I note that sufficient stocks of products have been formed in warehouses and distribution centers, and supplies to retail chains are going without interruptions,” the minister said.
The head of the Ministry of Agriculture pointed out that domestic producers know how to work in a rush, a similar situation was observed in 2020, at the beginning.
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