The difficult economic conditions have forced Russian businesses to reassess, which could be a good thing in the long run. Sanctions hurt, but low oil prices hurt more. Source: Shutterstock / Legion-Media Sanctionsimposed by Western nationson Russia over its involvement in the Ukraine crisis and absorption of Crimea have hurt the country’s economy, but not mortally wounded it. The collapse of oil prices and the subsequent devaluation of the ruble have done far more damage. But faced with this double whammy, the Kremlin is in crisis mode and trying to stitch together a rescue package. In the long run, the current squeeze may end up being a boon for Russian. Read more...
Analysts have reacted to the latest collapse of oil prices with varying forecasts. Some believe oil prices are on their way down to the critical level of $35, which would keep the Russian economy in recession. Others, however, including Western analysts, are of the opinion that 2016 may see the first shoots of recovery. The collapse of oil prices in December has divided officials and analysts into pessimists and optimists, with Russian Finance Minister Anton Siluanov predicting on Dec. 12 that the price of oil in 2016 will fall below $30 per barrel in some periods, according to the TASS news agency. According to Siluanov, demand and the price of oil will continue. Read more...
Moscow is keen to increase food exports to Asia-Pacific countries. Special economic zones in the Russian Far East could host joint agricultural projects. Grain harvesting in the Krasnoyarsk Territory. Source: Alexandr Kryazhev/RIA Novosti The Russian government has decided to significantly increase food exports to countries in the Pacific Rim. At the APEC-2015 Summit in Manila in November, Russian Prime Minister Dmitry Medvedev said that Russian companies would double their grain supplies to Asia-Pacific countries by 2020. “The increase of economic influence in the Pacific Rim region, particularly with the increase of agricultural exports, is. Read more...
The EU has published a medium-term Agricultural Outlook for the years up to 2025.The report suggests population and economic growth in developing countries are expected to support higher meat demand and contribute to higher EU meat exports. World meat consumption is expected to increase by 15 per cent between 2015 and 2025, less than in the previous decade, but still equivalent to a year's total meat production in the EU. Thanks to economic recovery and slightly lower prices, overall per capita meat consumption in the EU recovered by a staggering 1.8 kg in 2014. The rise is expected to pick up to 2016, to 67.6 kg (retail weight), before resumption of. Read more...
I have been receiving numerous calls about low sow prices and if there is any relief in sight. My response has been, “You can count on death, taxes, and poor sow prices in December!” Demand and holidays interfere, so in return sow processors cut their kill numbers, writes Alan Bentley, Genesus. I am hearing bids on boars this week of 1 cent and sows around 10 cents per pound. The good news is that market always seems to improve as we head into February and March. Many people charge for marketing advice, but if I could offer some free advice, stockpile your cull sows for 6- 8 weeks and there is a good chance you will double your money, and at these low. Read more...
Over 350 peacocks died on a farm in Hunan province in China, after an outbreak of H5N6 highly pathogenic avian influenza.Another 5433 birds were destroyed to prevent. Read more...
The final sprint before Christmas has begun on the European pig slaughter market. Christmas trade is running at full blast. Extensive quantities are reported on being sold on the meat markets. Yet, although the market is quite brisk, the prices remain on the level already achieved in most of the countries participating. Thus, with its corrected €1.32, Denmark ranks first among the five EU member countries most significant in pig farming. Austria, Belgium and the Netherlands are also following the unchanged German quotation. Great Britain alone corrected its quotation down to €1.55, nonetheless still exceeding the corrected price levels throughout Europe. In. Read more...
Former Deputy Finance Minister and former deputy governor of the Russian Central Bank Sergei Alexashenko speaks about the economic challenges currently facing Russia, including sanctions, crisis management, the need for reform, and the country’s dependence on oil. Sergei Aleksashenko. Source: PhotoXPress RBTH: Recently economic experts have been speaking about a thaw in relations between Russia and the West. Does this mean the situation will now improve? Sergei Aleksashenko:I personally don’t see any rapprochement. There is some limited dialogue on Syria, but the problems in relations are much more profound. And until the Minsk Agreements [on resolving. Read more...
In the past two years, the Russian government has introduced sanctions against a number of countries, including the U.S., Australia, the EU member states, and now Turkey. Why is Moscow restricting imports and how is this embargo affecting Russia itself? Authorities removed 44.8 tons of banned goods from stores in the first half of 2015 and are destroying sanctioned products seized at the border. Source: Ria Novosti/Viktor Tolochko In August 2014, Russia introduced sanctions for the first time in modern history, responding to measures against Moscow undertaken by certain countries because of its role in the Ukrainian crisis. The EU and the U.S. took action. Read more...
There was big news from Genus this week after it announced that it has produced the first ever pigs resistant to Porcine Reproductive and Respiratory Syndrome (PRRS), in collaboration with the University of Missouri, US. Precise gene editingwas used to breed pigs that do not produce a specific protein necessary for the PRRS virus to spread in the animals. The early stage studies conducted by the University demonstrate these PRRS resistant pigs, when exposed to the virus, do not get sick and continue to gain weight normally. Also in the news this past week, the World Trade Organisation (WTO)announced the amountthatCanadaandMexicocan claim from theUSin retaliatory. Read more...
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