Despite government protectionism and stiffer import duties on poultry imports, chicken producers in Zimbabwe are still constrained and failing to meet demand, while other producers in South Africa and across Africa have also seen profits decline. Sub-saharan Africa is facing a severe drought that is projected to span to the end of this year. The drought has led to power shortages and high prices for feed-stocks and other key inputs. Poultry producers in the region are reeling under these constraints, with most having to scale down operations and others merely maintaining operations at break-even. Those that are still making profits have seen revenues decline and. Read more...
The European Commission has confirmed that it has made little headway in talks with Russia to restore pork trade, after being accused of “not doing enough”. Read more...
JSC International Rabbit Company and China Nuclear Industry 23 Construction Co are to join forces to build Russia’s. Read more...
Following up on recent initiatives taken by the Russian and Thai governments, an increasing number of Russian companies are looking to cooperate with their Thai counterparts. Sistema Group is looking for joint ventures with Thai companies in farming, seafood production, spa management and hospitals, Thai Commerce Minister Apiradi TantraporntoldThe Nationon May 23. Hypermarket chain Lenta plans to import Thai fruits and vegetables as well as hold in-store promotions for Thai food products, Tantraporn told the paper. Russia and Thailand have set an annual bilateral trade target of. Read more...
EU farming body Copa-Cogeca has called on the European Commission (EC) to step up efforts to reopen trade with Russia, as Europe’s pork. Read more...
The first quarter of 2016 has seen Russian purchases from foreign internet stores total $1 billion as gains by the ruble in the last six months have seen consumer confidence pick up. But domestic internet retail growth lags more than 100% behind. Source: Vostock-Photo In the first quarter of 2016 Russians' purchases from foreign online stores totaled 70 billion rubles ($1 billion), which is 106 percent more in comparison with last year, according to AKIT, the Association of Internet Commerce Companies. In total the number of purchases increased almost threefold, by 182 percent. Surprisingly, the volume of purchases made from Russian online stores increased. Read more...
By 2020, Russia’s Far East should be self-sufficient for major agricultural projects, which includes pork. That was a promise made by Russian agriculture minister Alexandr Tkachyov when discussing future development ofRussia's Far Eastern Federal District. The aim can be reached with unprecedented levels of state support, as well as relatively advantageous climate conditions. Historically, Russia's Far East has been importing pork from other regions of the country. The area consists of 9 regions in the east of Russia. The district is the largest within Russia, covering 6.1 million km2 or 36% out of total Russian territory. The area's overall. Read more...
A consortium comprising of Thai conglomerate Charoen Pokphand Group (C.P. Group), China’s Banner Infant Dairy Products (Banner Dairy) and the Russian Direct Investment Fund (RDIF) will invest about $1 billion for the establishment of a dairy complex in Russia, RFID said on May 18. The complex, which will be Russia's largest integrated dairy complex, will be located in the Ryazan Region. A memorandum to establish the complex was signed on May 18 in St. Petersburg in the presence of Russian Prime Minister Dmitry Medvedev and his Thai. Read more...
Rising poverty levels due to a decline in real income are increasingly forcing Russians to go without non-essential goods. Experts do not see any potential for improvement in the situation in the near future. The number of poor Russians who had begun economizing on goods and services had increased to 89%. Source: Alexander Ryumin/TASS As real incomes continue to contract in Russia amid an ongoing economic slump, spending on foodstuffs is taking up a larger and larger part of the average citizen’s budget. In February 2016, for the first timein eight years, food and alcohol, along with tobacco products, were the main part (50.1 percent). Read more...
One French entrepreneur has combined Danish technology with government subsidies to create a high-tech pig breeding farm in central Russia. RBTH spoke to Hoffman and found out how he took advantage of a state program aimed at developing Russia’s agricultural sector. According to Hoffmann, Russia will become one of the world's largest pork exporters in just five years. Source: David Maddison/Flickr.com In 2005, Patrick Hoffmann, an investment banker from France, decided to start a pig farm in Russia. Hoffmann had moved to the country in 2001 at the invitation of the French company Belgogen, which was engaged in breeding pigs in central Russia’s. Read more...
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