Russian largest retail chains recorded a sharp growth in demand for cereals, pasta, canned foods, detergents, and other durable commodities. Retailers believe such an increase in sales is due to the panic caused by coronavirus spread, as well as the ruble's collapse.The retailers deny the possibility of goods shortage and the introduction of purchase restrictions, reports TASS news agency. The companies started buying more basic food necessities in the wake of increased demand. We are working on placing more goods on the shelves of the stores so that the customers felt no discomfort, including by increase of the wholesale. Read more...
The outbreak of the novel coronavirus has caused a soar in online food orders, Izvestiareportedciting industry groups. Food sales showed the biggest growth in February, by almost 25% in monetary terms, according to the head of the Delovaya Rossiya (Business Russia) Trade Committee Alexei Fedorov. “The coronavirus scare has become another impetus for interest in purchasing food online, since many people are trying to avoid public places,” he said. For his part, Artem Sokolov, CEO of the Association of Internet Commerce Companies (AKIT), told the paper that food sales were one of the fastest growing segments. It enables customers not to show up in crowded. Read more...
The Minister of Agriculture of the Russian Federation Dmitry Patrushev and the Minister of Agriculture and Food of the Republic of Belarus Anatoly Khotko held a joint board meeting involving the agrarian departments of both countries. The event was also attended by the State Secretary of the Union State Grigory Rapota. The discussed covered agritrade cooperation results and priority areas for further joint work. According to Dmitry Patrushev, the trade turnover of agricultural products and food between Russia and Belarus are still on the rise. In 2019, it grew by 3.2% exceeding $ 5.5 billion in money terms. “By the turnover totals, the Republic of Belarus still. Read more...
The Deputy Minister of Agriculture Sergey Levin had a working meeting with the Ambassador of the Republic of Iraq to the Russian Federation Abdulrahman Hamid Al-Husseini. The parties discussed bilateral interplay in the agricultural sector, including prospects for further development of trade in agriproducts and food. According to Sergei Levin, Russia considers the Iraqi market as fairly promising in terms of extensive supplies of Russian grain, meat, dairy, oil & fat and confectionery products. The accessibility of agricultural products to the markets of both countries was also in point. The Rosselkhoznadzor activities aimed resuming Russian wheat exports of. Read more...
Spanish doctors have compiled a list of products that strengthen the immune system and protect the body from influenza, SARS, and some other similar diseases. Garlic, which is considered a natural antiviral, antibacterial, and antifungal agent, topped the list. It is followed by almonds that are rich in vitamin E and blueberries, which protect the respiratory tract. Doctors also advise giving preference to chicken or turkey broth in a daily diet, as they prevent the formation of mucus during cold. Sweet potatoes, rich in beta-carotene, and broccoli, which contains vitamins, minerals, antioxidants, and fiber, are also recommended for use. The list also. Read more...
The fall in the value of ruble is sure to bring higher prices of consumer goods, leaving Russians to prepare for higher inflation, the Moscow Timesreports. TheBank of Russiawas forced to halt planned interest rate cuts, as a period of muted price rises comes to an end. The regulator expects inflation to climb above its 4% target by the end of the year. “Taking into account the volatility in the foreign exchange market, the acceleration of inflation from the current low level may begin earlier than expected,” Russia’s Economy Ministry said Tuesday. The rate of inflation has halved over the last 12 months, coming in at just 2.3% in February, and the. Read more...
Accordingly, values of all other indicators will be lower, the head of the Accounts Chamber said. Economic growth rates in Russia may decelerate to zero under the current macroeconomic indicators, head of the Accounts Chamber Alexei Kudrin said on Thursday. "Economic growth rates will be close to zero in this year. Accordingly, values of all other indicators will be lower," he said. The Russian budget may not receive 3 trillion rubles ($39.8 bln) of oil and gas revenues against the oil price of $35 a barrel and the US dollar rate of 72 rubles, Kudrin said. "If we target current figures: the [oil] price of approximately $35 [a barrel] and the [dollar]. Read more...
Ukrainian poultry products are flowing back in to Europe this week following the decision by the European Union to lift most of its import and transit bans. It will allow Ukraine to effectively make use of the additional duty free quota of 50,000 tons of poultry meat per year that it obtained under the Agreement on Poultry concluded by the EU and Ukraine last year. The ban was originally introduced in January following the discovery of High PathogenicAvian Influenza(HPAI) in the western part of the country. In response to theoutbreak, Ukrainian authorities implemented a stamping-out policy to control and limit the spread ofHPAI. They also made use of Article 65. Read more...
Demand for long shelf-life products, household chemicals and personal hygiene items skyrocketed in Russia in February amid a global scare of the coronavirus,Vedomostireports citing a number of retail networks and manufacturers. Infoline AnalyticsDirector General Mikhail Burmistrov says that coronavirus fears are the main reason for the growing demand. Many Russians still remember the late Soviet period, when stores often had little to offer, while others fear that the country will be hit by a crisis like the ones it has seen in the past several years, when the price of certain goods – for instance, buckwheat – could suddenly rise, the. Read more...
Russian imports of pigmeat increased last year but remained at a much lower level compared to previous years. As reported by the umbrella organisation of the Danish agricultural and food industry (Landbrug & Fødevarer, L&F) on the basis of provisional customs data, Russia imported a total of 89,040 t of pork including by-products and bacon in 2019, which was 11.2% more than in the previous year. In 2011 and 2012 Russia still imported more than 1.1 mill. t of pork each. Thereafter, political and veterinary import bans and the strong expansion of domestic production through subsidies led to a massive drop in imports. In addition, the decline of the. Read more...
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