The prospects for the development of Russian business in Asia and the extent to which restrictive measures on the part of Western countries can be compensated through cooperation with China was devoted to the meeting of the Council of the Chamber of Commerce and Industry of theRussian Federation for Foreign Economic Activity “Russia and China: new frontiers of cooperation”, held on March 1 at Ilyinka.
At his opening remarksAndrey Spartak, Chairman of the Russian Chamber of Commerce and Industry Council for Foreign Economic Affairs, Director of the All-Russian Research Market Institute, stressed the importance of exploring opportunities to receive additional.
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According to APK-Inform, because of crisis over Ukraine the overall untapped wheat export potential of Russia and Ukraine totaled 13.4 mln tonnes.
Key exporting countries will find it difficult to offset such big deficit of wheat on the global market. Particularly, the EU will export 37.5 mln tonnes of wheat in 2021/22 MY (data by the USDA), but the block is expected to have the lowest in 5 years ending stocks – 9.9 mln tonnes compared to 10.9 mln tonnes in 2020/21 MY and 13.1 mln tonnes in 2019/20 MY. It will unable any sizable growth of wheat export. The USA will also have the 5-year lowest stocks – 17.6 mln tonnes compared to almost 23 mln tonnes in 2020/21.
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Livestock farmers expect rising energy prices to continue to cut margins
The crisis over Ukraine, and heavy sanctions Western powers have taken against Russia, will have long-lasting and serious consequences for the French farming sector, the European Union's biggest, French President Emmanuel Macron said on Saturday.
"If you ask me to share one conviction with you this morning, it is that this crisis is here to stay, " Macron told the Paris farm show on Saturday.
Trade restrictions resulting from EU sanctions on Russia will weigh on French exports such as wine and grains, Macron said, while a further rise in energy prices will hit.
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In recent years, Russian animal husbandry has shown steady growth in meat and milk production. Our country is already fully provided with the main types of meat products and closes a significant part of the domestic consumption of dairy products, the press service of the Ministry of Agriculture reported. In the current year, according to the department, the positive dynamics will continue.
According to the results of January 2022, the production of livestock and poultry for slaughter in agricultural organizations increased by 7.8% compared to the same period last year - up to 997.8 thousand tons. Including in pig breeding, the indicator increased by 6.1%, for cattle - by.
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According to the ministry, the cargo includes food products: cereals, canned meat and fish, confectionery and bakery products, sweets, bottled drinking water.
Russian servicemen have delivered more than 30 tonnes of humanitarian aid to residents of Ukraine from the Belgorod region, Russia’s Defense Ministry said on Thursday.
"The Russian military delivered a shipment of humanitarian cargo from the Belgorod region to the territory of the Ukrainian settlements near the Russian-Ukrainian border in the Kharkiv region. Humanitarian aid totaling over 30 tonnes has been delivered to Volchansk and Cossack Lopan from the neighboring Belgorod region at the request.
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The CIS and EAEU countries could soon be receiving a new wave of Russian manufacturing investment
Sanctions and tariff wars always result in the movement of cross-border businesses, most recently seen with China during the US trade war -the imposition of increased tariffs motivating many Chinese and other international investors based in the country to shift part, or all, of their production to neighboring Vietnam.
The same situation will occur in Russia, as Russian and international companies impacted by the imposition of sanctions will relocate elsewhere. There are additional compounded difficulties with the Russian situation as enhanced.
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The competent authority of the Kingdom of Saudi Arabia expanded the list of Russian enterprises entitled to export meat and meat products
The State Food and Drug Administration of the Kingdom of Saudi Arabia (KSA) has expanded the list of Russian enterprises that have the right to export meat and meat products to KSA.
Two more domestic companies can now supply meat products (beef, lamb) to the Saudi Arabian market.
Currently, 13 Russian meat processing enterprises have the right to.
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The Dairy Union of Russia is concerned that the increase in foreign currencies exchange rate, caused by the recent events, may push up the costs of dairy products due to the imported inputs. The National Feed Union informed VML that none of the foreign suppliers refused to perform their obligations under the contracts, however some transportation issues arose.
The Fish Union believes that the new package of mutual sanctions and restrictions will impact the supply chain, while the Union of Animal Industry Enterprises is concerned by the future imports of veterinary medicines and feed.
On food safety
The Ministry of Agriculture of Russian Federation stated that.
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Russia and Ukraine export a lot of wheat. Russia supplies about 20% of world wheat exports, and Ukraine about 10%, according to the Food and Agriculture Organization (FAO) of the United Nations. Together, they account for approximately 13% of total global wheat production.
Wheat prices were already inching up in anticipation of the Russia-Ukraine conflict. As of Feb. 24, wheat futures prices on the Chicago Board of Trade hit $9.35, the highest point since July 2020. “It’s incredible, frankly, that this is likely the most anticipated invasion in history and yet it seems like it has taken the markets by surprise,” said Jake Hanley, managing director.
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Neither Russia or Ukraine trade red meat directly with the UK, but they do have mutual trade partners for beef and pork. Any impacts from the conflict are therefore likely to be indirect and probably only minimal. Let’s look at the trade figures in more detail.
WhileRussiais a large producer of red meat, its trade volumes are moderate in comparison to other nations. Russia mostly imports beef and exports pork, with virtually no trade done with European countries.
According to trade figures from IHS Maritime & Trade, in 2021 Russia imported 214,000 tonnes (product weight) of beef, mostly from Belarus, Paraguay and Brazil. For context, this is slightly less.
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