Sales in Russia last year amounted to 55 million euros
Dairy cooperative Arla Foods said on Monday it would suspend its business in Russia after the country's invasion of Ukraine,reported Reuters.
This would include imports to Russia and local operations in the country, where Arla operates one dairy and employs 70 people, it said in a statement.
"The impact and consequences of Russia's invasion of Ukraine are tragic ... We are now taking action to suspend our operations in Russia," Chief Executive Peder Tuborgh said.
Arla, owned by more than 9,400 farmers in Denmark, Britain, Sweden, Germany, Belgium, Luxemburg and the Netherlands, had sales of.
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The state news agency TASS reported Russia’s Ministry of Industry and Trade has called for a temporary halt to shipments of fertilisers from the country.The ministry has reportedly pointed to the moves by some international logistics companies to pause services to and from Russian ports.
According to TASS, the ministry has proposed a halt “until normal transportation is resumed and supplies are guaranteed”.
Russia is a major producer and exporter of fertilisers. According to the agri analytics group Gro Intelligence, Russia is the world’s largest exporter of nitrogen fertilisers.
In recent months, a global shortage of nitrogen fertiliser.
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Vladimir Padalko, Vice President of the Russian Chamber of Commerce and Industry, spoke about the desire to preserve and not lose the accumulated Russian-American ties in business despite high geopolitical turbulence. He made these remarks on March 2 at the meeting with the President of the American Chamber of Commerce in Russia (AmCham Russia)Robert Agee.
While a number of large Western investors have decided to leave Russia, one should not panic and think about the future, said the Vice President of the Chamber. Between the chambers of commerce, there is an understanding if all ties are destroyed overnight, it will be very difficult to restore them, and it is now.
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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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