Russia has already supplied products worth $9.4 bln overseas in this year The Russian Ministry of Agriculture keeps the forecast for exports of agricultural produce in the amount of $25 bln in 2020, Minister Dmitry Patrushev said on Wednesday. "We have already supplied products worth $9.4 bln overseas in this year. This is $1.5 bln more than as of the like date of the last year. The target for 2020 is $25. Read more...
China says it will buy more American barley and Russian beef as part of previously agreed trade deals in a blow for Australian exports facing restrictions due to political tensions between Beijing and Canberra. Barley imports from the United States to China would be effective from this week, according to a notice on the China Customs website. Australia's barley exports to China are under threat.James Davies The deal was part of China's agreement to buy an additional $US200 billion ($310 billion) in additional American goods and services under a trade deal. China is preparing toslap steep tariffs on Australian barley importsafter an. Read more...
PJSC Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces that its credit rating was affirmed by Moody’s at B1 level, outlook “stable”. Moody’s affirmed company credit rating at B1 level, outlook “stable”. In the press release, the credit rating agency states that the decision to confirm Cherkizovo’s rating reflects Moody's opinion that the company's business profile and strong market position will allow it to withstand the deteriorating domestic macroeconomic environment and maintain stable financial performance and sufficient liquidity. Moody’s. Read more...
The President stressed that it is important to fully use the potential of national research institutions for the needs of agricultural production Russian President Vladimir Putin has set the task for the domestic agriculture sector to increase competitiveness in world markets, to develop gardening, wine-growing, its own seed production, as well as using advanced scientific developments. "As in all sectors of the economy, ones should not overlook strategic issues here [in the agriculture sector] as well, it is necessary to increase the competitiveness of Russian agricultural products, making domestic products and food be in growing demand both in our. Read more...
The Covid-19 pandemic has not slowed down the expansion plans of Russian agricultural holding EkoNiva. The company continues to build new milk farms and dairy plants all over the country. It aims become the world’s largest milk producer by the end of 2020. The Covid-19-induced economy crisis has almost not affected EkoNiva, said Stefan Duerr, CEO of EkoNiva. “We continue our operation and to meet food demand of the [Russian] population,” said Duerr. “The consequences [of the pandemic] are substantial both for the economy and for ordinary citizens. I really hope that the measures taken by the government to stabilise the economy would help to. Read more...
Ukraine’s biggest poultry producer MHP had to reduce its export volume in the first quarter of 2020 because of the outbreak of highly pathogenic avian influenza (AI) in Vinnitsa Oblast. The negative impact of the disease on the export is lessening now the virus is under control, but the possibility is there that Covid-19 will affect MHP’s international operations in the second quarter of 2020. Avian influenzaled to sales restrictions imposed by the EU and MENA governments, which made MHP to redirect its sales volumes to the countries which remained open at the time. MHP stated that it became almost impossible to follow the strategy of market and product targeting.. Read more...
VTB Bank reported that purchases in offline stores decreased the most - by 35% in annual terms During the period of self-isolation in April, Russians reduced their spending by 34% compared to April last year, according to a press release from VTB Bank. According to the report, the volume of customers’ salaries in April did not change significantly, while card transactions decreased by 34%. Online orders also showed negative dynamics, primarily due to almost halving the cost of airline tickets and a decline of 1.5-fold for transport. At the same time, spending on food increased by 25%, and more than doubled on alcohol, the report said. At the same time,. Read more...
In January-April 2020, agricultural farms of all kinds (state-run agricultural enterprises, private farmers, subsidiary farms) produced Br4 billion worth of goods, which was 5.2% up year-on-year in comparable prices, BelTA learned from the National Statistics Committee. In January-April 2020, agricultural enterprises made Br3.9 billion worth of products, which was up by 5.7% over the same period of 2019 in comparable prices. The output of cattle and poultry (in terms of live weight) at farms of all kinds totaled 622,600 tonnes (5% up over January-April 2019), including 596,200 tonnes at agricultural enterprises. Milk production reached 2,463,200 tonnes (up. Read more...
The heads of the EAEU agricultural bodies discussed the food security matters in the context of global coronavirus outbreak at the online Council on Agro-Industrial Policy of the Eurasian Economic Union. The Russian Minister of Agriculture Dmitry Patrushev presupposes that joint work at the initial stage ensured taking all appropriate coordinated measures to keep food sustainability for the EAEU member states, in particular, the restrictions imposed on the export of essential goods to third countries and the reset of import duties on critical imports. According to the Minister, the results of these resolutions facilitate much the interplay between the Ministry of. Read more...
The volume of orders for grocery deliveries online surged in April and could more than triple this year, according to the data released by e-commerce consultancy INFOLine, released on May 13,bne IntelliNewsreported. INFOLine’s data for the first quarter this year and April’s trading results surged and could rise3.3x to RUB135bn ($1.8bn) in 2020, with the express delivery channel to top RUB30bn ($406mn), almost quadruple the RUB700mn of sales in the same period a year ago. “In March-April, the demand for online food shopping surged after lockdown restrictions were imposed, while client acquisition costs diminished. Express delivery mimics the. Read more...
© Inline LLC 2015-2024. Privacy Policy | Terms of Service