The introduction of sanctions against the Moscow Exchange by the United States and Great Britain may temporarily complicate foreign trade in agricultural products and food - both export and import, experts in the Russian agricultural market believe. As reported, on Wednesday OFAC (Office of Foreign Assets Control, a division of the US Treasury Department responsible for enforcement in the field of sanctions) added the Moscow Exchange, the National Clearing Center (NCC) and the National Settlement Depository (NSD) to the sanctions list. The UK joined the sanctions on Thursday. As stated in the commentary of the Union of Grain Exporters posted on its Telegram channel,. Read more...
Since the beginning of this month, Russia has seen a slight increase in the price of meat products, mainly ranging from 0.5% to 3%. This phenomenon, according to the Ministry of Agriculture, is explained by seasonal factors. With the arrival of warm weather, more and more people go outdoors, where picnics and barbecues become popular pastimes. This increase in demand for meat leads to some increase in prices. At a meeting with major meat producers and industry unions, Deputy Head of the Ministry of Agriculture Maxim Titov called for control over the cost of meat, preventing sharp price hikes. He also emphasized the importance of taking into account the policies of retail. Read more...
In 2023, the level of agricultural exports to Africa increased by a quarter and amounted to almost $6 billion. This was announced on Thursday, June 6, by Deputy Minister of Agriculture of the Russian Federation Sergei Levin during the “Russia – Africa” session at the St. Petersburg International Economic Forum (SPIEF). “Our exports to Africa grew by a quarter last year to nearly $6 billion, 80% of which was wheat,” Levin said. He noted that Russia is now increasing food purchases in Africa; last year alone “they have already crossed the level of $2.1 billion.” “The dynamics of this year emphasize this, because in. Read more...
China has expressed interest in importing live reindeer from Russia. This issue was discussed at the 12th meeting of the Russian-Chinese permanent working group on cooperation in the field of veterinary supervision, phytosanitary control and food safety, Agroexpert reports, citing a source familiar with the progress of the negotiations. Rosselkhoznadzor promised to provide its Chinese colleagues with all the necessary information to assess the risk of supplying these farm animals to the Chinese market by the end of this month. In turn, the Chinese side, according to the source, promised to promptly provide feedback on this issue. Previously, our country has. Read more...
For settlements with BRICS partner countries, Russia proposes to use the BRICS Bridge platform. Finance Minister Anton Siluanov told Vedomosti about this. It is planned that the mechanism will work like this: Central banks issue digital financial assets (DFAs), which are similar to tokens. Their cost is tied to the national currency (one of the options). Companies use this infrastructure as an alternative payment method. Siluanov emphasized that the platform will not become a single settlement instrument for the BRICS countries, but will simplify the procedure for making payments. The project is under development. Implementation dates have. Read more...
Against the backdrop of strengthening diplomatic relations between the Philippines and Russia, the Philippine Ambassador to Russia, Igor Bailen, announced his country's desire to buy meat from Russia and supply seafood in the opposite direction. This move opens up a new perspective for the development of trade and agriculture between the two countries. Russia, with its vast territory, is truly a leader in agriculture. Its potential in producing quality meat is attracting the attention of not only the Philippines but also other countries around the world. The Philippines, in turn, specializes in seafood and is ready to offer its products on the Russian. Read more...
The St. Petersburg International Economic Forum (SPIEF) has ended; it has become very fruitful for the Russian agro-industrial complex: thanks to the signed agreements, serious projects have been launched.Earlier, the Agroanalytics Center already reported on the first results of the forum for agriculture.Let's talk about several more large-scale investment projects. The Egg-Land company (part of the Tavros Group of Companies) plans to build a complex for the production and processing of chicken eggs with a capacity of 2 billion pieces in the Nizhny Novgorod region in 2024–2025.in year. The total investment in the project will exceed RUB 27. Read more...
The Xiang Mahan company from China, which built an enterprise in Elista for the deep processing of meat and meat products worth over 1.5 billion rubles, intends to additionally invest 1 billion rubles in the project to increase production volumes. The head of the region, Batu Khasikov, reported this to TASS on the sidelines of the St. Petersburg International Economic Forum (SPIEF). “Our republic occupies a leading position in the number of small and large livestock in Russia, so the choice of Kalmykia as an investor is logical. Together with Chinese partners, we are completing the Xiang Makhan investment project for the deep processing of meat and meat products.. Read more...
Russia continues to strengthen its position in the global production of meat products. Recently at the St. Petersburg International Economic Forum (SPIEF-2024) it was announced that our country ranks fourth in the world in terms of meat production. Russia produced about 16 million tons of meat from large and small ruminants, pork and poultry last year, which exceeded 11 million tons in slaughter weight. It is interesting to note that domestic meat consumption continues to rise, reaching a record 80 kilograms per person per year. This figure exceeds the world average by 37 kilograms. It is predicted that this year meat consumption will increase to 83 kilograms per. Read more...
Rosselkhoznadzor has received requests for supplies of chicken eggs from Iran, Vietnam and Thailand. According to the head of the department, Sergei Dankvert, the process of admitting new exporters to the domestic market is not proceeding too quickly. He clarified that as of Thursday, June 6, Russia imported 400 million food eggs duty-free. 300 million came from Belarus, 100 million from Azerbaijan and Turkey. Azerbaijani egg suppliers gained access to the Russian market in November 2023. Since December 29, six Turkish companies have received permission to export. Last year, chicken eggs in Russia rose in price by 61.35% - to 132.45 rubles per dozen. In this regard, the. Read more...
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