The Russian economy is very likely to experience monthly deflation in August, but consumer prices will be up 4.4-4.5% in year-on-year terms, the economy ministry said on Wednesday,accordingtoReuters.Deflation may come at 0.2-0.0% due to falling prices for vegetables and fruit, the ministry said. Annual inflation in Russia slowed down in July 2019 to 4.58% after 4.66% in June, the Economic Development Ministry said in a report on Wednesday. “In July 2019, annual inflation continued to slow down — to 4.58% after 4.66% a month earlier,” the report stated. An increase in consumer prices was mainly driven by adjustment of tariffs on housing and public. Read more...
While Washington and Beijing are still having a hard time finding a way out of their economic standoff, Moscow’s been busy with new opportunities that are opening up for its exporters on the Chinese market. The end of July brought good news to Moscow - Chinahad removedall restrictions on imports of soybeans from Russia, a decision that the Kremlin considers a “huge breakthrough”, as Beijing has long been restrictive towards Russian agricultural goods. Themediawas quick to tie this decision to the ongoing economic standoff between China and the U.S., who has been one of the main suppliers of soybeans to China over the past few years.. Read more...
The value of imported food in Russia has reduced by 31.2% in the five years since President Vladimir Putin imposed a ban on western imports as a response to U.S. and EU sanctions,RIA Novostireported. Russian food imports have dropped from $43.3 billion in 2013 to $29.8 billion in 2018, following an extensive import substitution program on all levels, the Agriculture Ministry said in a statement. “Thanks to the implementation of the import substitution policy, Russia has achieved and outstripped the threshold values of the Food Safety Doctrine for a number of key food products,” the ministry stressed. In particular, in the segment of grain and leguminous. Read more...
The ruble proved resilient to other emerging-market assets collapsing on Monday, after the latest round of U.S. sanctions proved less severe than investors feared,Bloombergreports. While developing-nation assets tumbled on Monday as the U.S.-China trade warescalated, the ruble climbed for the first time in seven sessions and bonds were flat. Russian markets slid on Friday after initial reports of the new restrictions, which for the first time extended to the official debt. “The draconian sanctions that many had in their negative scenarios weren’t realized,” said Valery Vaisberg, head of research at Moscow-based investment houseRegion. “The. Read more...
Russia is full of stories. From a visit to Cherkizovo’s brand new sow farm, called ‘Dankov Lipetsk 89’, a range of interesting tales came together. Today, part IV of a four-part series from pig-producing Russia: What are Cherkizovo’s aims for the future? In the previous episodes of the ‘On-farm in Russia’ series,Pig Progresslearnt about the motivations and size ofRussian swine integrator Cherkizovo, wentinside a modern swine farm near Lipetskand copied down the take-home messages fromCherkizovo’s experiences with ASF. Add all these ingredients together and an exciting cocktail comes into existence. A highly efficient. Read more...
With cost of production at about 65 Roubles ($1.03) for the best producers, the period of high profitability for the Russian pig industry rolls on and on. ig price in Russia is 113.50 Roubles per live kg (US$1.77). Goes to show what’s possible by restricting imports! Just like everywhere else in the world today, most of the talk in Russia is about China and the effects the dramatic loss of pig production in China will have on the Russian market. Currently pork can’t go from Russia to China as Russia is ASF positive as a country. Russia has not seen the recent rise in price seen in other countries that are exporting to China. Currently the. Read more...
The Indonesia-Russia Business Forum held in Moscow on Thursday has yielded 13 memoranda of understanding (MoU) between companies of both countries,Ramblerreports. Several government officials including Indonesian Ambassador to Russia and Belarus Wahid Supriyadi, Yogyakarta Governor Sultan Hamengkubuwono X, Central Java Governor Ganjar Pranowo, and Russian Deputy Minister of Trade and Industry Alexey V. Gruzdev bore witness to the inking of the agreements. “MoUs spanning some business sectors, including furniture, palm sugar, and other food products, were signed today,” Indonesian Ambassador to Russia and the Republic of Belarus Wahid Supriyadi stated on. Read more...
In 2019, Russian veterinary services anticipate that a total of 54 outbreaks of African Swine Fever (ASF) will be registered in the country, according to the Russian Agricultural Ministry. This is lower than in 2018 and 2017 when 56 and 188 outbreaks were registered, respectively, and is believed to be the lowest figure in the past decade. Yuri Kovalev, general director of the Russian Union of Pork Producers, told the Russian newspaper Agroinvestor that at least half of the industrial pork producers in Russia had been hit withASFwithin the past 10 years. He added that the pig industry had responded by implementing the highest safety standards, as well as. Read more...
Russian pig integratorCherkizovomay be applying a lot of US knowledge, but in terms of biosecurity it exceeds the US standards. For perfectly logical reasons though, given that Russia has to deal with outbreaks ofAfrican Swine Fever(ASF), a virus that never entered the USA and which is hoped will stay that way as well. Additional biosecurity measures by Cherkizovo Transportation • Investments in long-haul trucks, including heated trailers and filtered trailers for multiplication (almost US$ 10 million); • Strict movement control with GPS tracking in feed and live haul trucks; • Trucks are only allowed to. Read more...
German companyGebr Heinemannhas expanded its presence in Russia by acquiring Kapo Duty-Free, the country’s leading border-shop duty-free retailer,TRBusinessreported. Kapo operates 12 border shops as well as three smaller regional airport stores in Russia. It has been a Gebr Heinemann wholesale customer for over 20 years, Heinemann noted, referring to “a good, long-standing partnership between the two companies”. Kapo’s main border shops are in Torfjanovka and Svetogorsk (on the Russian/ Finnish border) and in Zabaikalsk (on the Russian/Chinese border). In the future, Gebr Heinemann will be represented in Russia with around 12 border shops. Read more...
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