Ukraine’s grain and poultry giant MHP has reported a net loss of $8m for the third quarter of 2016 after a profit of $24m. Read more...
On Nov. 9, the World Bankreleasedits latest forecast for the Russian economy. The prediction was better than expected, showing the Russian economy shrinking by 0.6 percent in 2016, then rising by 1.5 percent in 2017 and by 1.7 percent in 2018. In June, the World Bank predicted that Russia’s GDP would fall by 1.2 percent in 2016. The latest World Bank forecast is close to the most recentestimatesby Russia's Ministry of Economic Development, which show the country's GDP shrinking by between 0.5 percent and 0.7 percent in 2016. According to the Bank’s report, Russia’s economic decline has slowed considerably due to growth in such. Read more...
Morgan Stanleyhas estimateda 35 percent chance the U.S. lifting sanctions against Russia in 2017-2018, in connection with the election of Donald Trump as President of the United States. Bloomberg reported about it in an analytical review of the banking company. In case of such a scenario, politicians may find it harder to keep European Union sanctions in force, the agency reported, citing the opinion of analysts at Morgan Stanley. The victory of Republican candidate Donald Trump in the U.S. presidential elections may well benefit Russia – many analysts had already predicted that Trump's candidacy was more preferable for the Russian establishment. After Trump. Read more...
The global Food Price Index from the UN's Food and Agriculture Organisation (FAO) averaged 172.6 points in October, up 0.7 per cent for the month and 9.1 per cent from a year earlier, with the staple grains' index rising for the first time in three months. The Food Price Index, which has risen continuously throughout 2016 except for a brief dip in July, is a trade-weighted index tracking international market prices for five major food commodity groups. October's rise was driven primarily by jumps in sugar and dairy prices.The FAO Dairy Price Index rose 3.9 per cent from September, led by rising prices of cheese and in particular butter, as a result. Read more...
Conflicts can be solved diplomatically, militarily or economically. Russia has had disputes with Turkey over tourism and Egypt over wheat exports. The Kremlin has even fought economic battles over fruits and vegetables. Moscow has criticized the West for its economic sanctions against Russia.But the Kremlin has demonstrated it is also willing to use an economic weapon: the embargo. The latest example came in a dispute over Russian wheat exports to Egypt, which over the past year has represented the most important foreign market for Russian grain. International standards allow up to 0.05 percent of the crop to contain ergot fungus. In 2016, Cairo. Read more...
Russia’s biggest industry has been oil productionhistorically, but the country appears to be trying to diversify that by putting more emphasis on agriculture. The former soviet state has been relying on the same tractors and silos for decades due to the apparent lack of opportunity for growth before 2013. With Russia’s increased production of wheat, farmers need to find alternative means of storage. As of this year, Russia has officially surpassed the United States in the exportation of wheat. Even though Russia has pulled ahead of the United States for wheat exports, the country’s farms are still years behind in regard to equipment. Equipment providers. Read more...
Russia’s veterinary watchdog Rosselkhoznadzor has launched an investigation into meat smuggling after it seized 92 tonnes (t) of meat and seafood. Read more...
Russian meat processor Cherkizovo Group has been given permission to export poultry products to the EU from its Vasilyevskaya poultry production facility. The EU Export Compliance Certificate confirms Vasilyevskaya’s compliance to the strict veterinary and sanitary requirements of the EU. This certificate is also recognised by many countries outside the EU, such as Serbia, Macedonia, Georgia and South Africa. Andrei Terekhin, Head of the Export Department of Cherkizovo Group, commented: “Receiving the EU Export Compliance Certificate is a direct result of our ongoing investment into the quality and biosafety our products and marks a significant step in. Read more...
We have no interest to wade into the political debate and are fully cognisant of the fact that passions run high after a very heated election season. But the reality is that a Trump presidency was for the most part discounted as unlikely by the markets and, at least initially, we expect some panic trading to occur. The role of markets is, in part, to price risk and, until proven otherwise, market participants will look to price the risk of trade war(s) with some of our largest trading partners. A selloff is likely but may be tempered by the realisation that the immediate material impacts could be limited. In the short term, we think the currency shifts have the. Read more...
The government plans to tempt Russians with a complimentary hectare in one of the country’s most remote regions – but the initiative faces a number of problems that need to be solved if it is to become a success. Theoretically, there are about 600 million hectares in the Far East that can be given away. Source: Lori / Legion media Have you ever dreamed of acquiring land for your personal needs without paying for it? Now many Russian citizens can realize this dream. The only condition is that the land in question will be in the Far East – about 4,000 miles from Moscow – and in a zone of uncertain prospects for agriculture. According to. Read more...
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