Russia's online grain export quota was running out fast on Saturday as big traders rushed to get customs documents for future shipments, analysts said, adding that supplies from the world's biggest wheat exporter would continue nevertheless. Russia set a quota for grain exports of 7 million tonnes for April through June following the outbreak of the virus. Russia's online calculator showed that as of Saturday only 873,179 tonnes remained available for export based on the quota. Analysts said the speed at which the quota was being snapped up - almost 2 million tonnes in 24 hours - showed these were not real export orders but a consequence of getting. Read more...
Russian customers will have to cut down almost all expenses because of Covid-19 to a greater extent than customers in any other emerging markets of the world. Petfood segment is not an exception, a research conducted by the Boston Consulting Group showed. The anticipated economy turmoil in Russia caused by the nationwide holiday, introduced to slow down the spread of Covid-19 and the fall of the global oil price, makes the list of markets where turnover is expected to grow really short. In the foreseeable future, Russians will pay more only on their utility bills, for Internet and communications, over-the-counter medicines and fresh food, the research showed. In. Read more...
The poultry industry is facing extreme challenges around the world as a result of the global spread of COVID-19. Even processors in Russia are forced to overcome the hurdles that this pandemic has put throughout the food chain. To enable optimal service towards their customers, Meyn Poultry Processors has done thorough research on the influence of COVID-19 on the Russian poultry industry and the numbers of growth and decrease throughout the entire market during the past years. “We can only stand side by side with our customers if we are prepared for any shifts we foresee in the market. The only way to foresee the future is by learning your history inside. Read more...
Russian breeding farm Smena begun testing a new domestic poultry crossbreed named Smena-9. The test is done at 2 breeding farms in the Chelyabinsk Oblast. The company plans to register the new crossbreed in the 2nd half of 2020. This would pave the way to get government approval for commercialisation. According to the geneticists, Smena-9 has a superior performance compared to its predecessor Smena-8. This was already confirmed in preliminary field trials. The crossbreed was described as a fast-growing broiler with a high yield of pectoral muscles, a lower fat content, a high feed conversion and uniformity. In 2019, the Russian government adopted a domestic. Read more...
Russia may soon introduce zero import duties on agricultural products and raw materials with the aim of limiting price growth for essential goods on the domestic market. That was mentioned in theRussian Gazette, an official publication of the Russian government. In the publication, the Russian ministry of agriculture appealed to industry associations to prepare proposals for these zero import duties. Introduction of zero import duties The pig industry has been pushing for zero import duties on breeding materials, which is currently subjected to a 5% import duty. Yuri Kovalev, director of the Russian Union of Pork Producers (RUPP), expressed that in a statement. Read more...
The Belarusian Agriculture and Food Ministry in cooperation with the Belarusian Embassy in Vietnam has completed the certification process of Belarusian dairy companies in Vietnam, BelTA learned from the press service of the ministry. The appropriate government authorities of the two countries have harmonized all the necessary documents to expand supplies of Belarusian milk and dairy products to the Vietnamese market. “This step will enable Belarusian manufacturers to avoid the obligatory certification of every batch, which leads to substantial loss of time and financial expenses,” the Agriculture and Food Ministry explained. This will allow more. Read more...
The G20 ministerial video conference was focused on the effects of the coronavirus spread on the global agro-industrial complex. Russia was represented by the Deputy Minister of Agriculture Sergey Levin. According to him, the pandemic poses serious challenges for the global economy, and therefore for the agrisector. The current situation presupposes close attention and hard work to mitigate potential food security risks. “We believe that such conditions urge keeping the established supply chains of key food products. It is also necessary to avoid volatility and food market price speculations,” Sergey Levin emphasizes. Another important aspect is the. Read more...
The losses for Russia’s economic sectors which are worst-hit by the coronavirus pandemic could reach 17.9 trillion rubles ($239 billion), while up to 15.5 million people could lose their jobs, a new macroeconomic study by theNational Rating Agency(NRA) says, according toIzvestia. The crisis will deal a heavy blow to the service sector, while the food industry, agriculture, fishery, and forestry sectors will be the least affected, the study says. According to the experts, the government will try to prevent some of the damage by taking additional measures for helping the worst-hit parts of the economy. In its new forecast, the NRA relies on a basic scenario, where the. Read more...
In the early part of January, the outlook for the global pig industry was positive. The New Year forecast by market price expert Dr John Strak then was that pig farmers would share in good fortune in 2020 – but that was before Covid-19. The global outlook is very different now and it is time for a reboot. To be clear, Asia’s demand for pigmeat because ofASFhas not dramatically changed. However, there have been significant changes in one major pork exporting and consuming economy: the United States. This affects the global picture. I do not need to restate all the statistics that relate to Covid-19 here since it is obvious that the ‘lockdown’. Read more...
Cherkizovo Group, Russia’s largest meat producer, has provided 5,000sausages to mothers of large families in the Moscow Region. On April 16, Cherkizovo Group’s flagship facility, Cherkizovsky Meat Processing Plant, sent a batch of 5,000smoked sausages to mothers of large families across the Moscow Region. The Company provided this charitable aid after consultations with the region’s government and Minister of Agriculture and Food Andrey Razin. “We believe that it is Cherkizovo Group’s social responsibility to support people who find themselves in a difficult situation, especially during these testing times. Therefore, today we are. Read more...
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