News

Over 60% of harvested grain - bread-grain

12.08.2010 18:56:05

Approximately 60-65% of grain harvested in Ukraine is bread-grain and by its quality it complies with the second and third class indexes, Vice Prime Minister Viktor Slauta told journalists during a working visit to Chernihiv region. According to the government member, in the majority of Ukrainian regions, bread-grain has better indexes against the previous year, and in some eastern regions first class grain was threshed - with 35% gluten.

Medvedev promises billion dollars for farmers, urges change in crop insurance system

12.08.2010 18:54:56

Russian President Dmitry Medvedev promised to grant Russian farmers 35 billion rubles ($1.15 billion) in state support, following the heat wave that has destroyed nearly one-quarter of the country's crops this summer. "About one-quarter of grain crops have been scorched in the country. Unfortunately, many farms are in a pre-bankruptcy status. The situation is severe, I would even say extraordinary," Medvedev said. The 35 billion ruble support would augment regional aid to victims of the country's worst heat wave, he said.

World Markets and Trade June 2010

21.06.2010 08:23:22

Foreign consumption is currently projected to outpace production as exportable supplies in the EU and Russia fall, and production shortfalls in Turkey and Syria are boosting import demand, according to the USDA Foreign Agricultural Service. A last-minute agreement by Brazil to suspend that country's pending tariffs against the United States gives the domestic wheat industry hope that it can meet Brazil's needs for Hard Red Winter wheat.

Russia's state-run grain trader, the United Grain Co.

11.06.2010 10:10:15

Russia's state-run grain trader, the United Grain Co (UGC) estimates investments in infrastructure necessary to raise the country's grain export capacities by 2015 at $1.79 billion, a UGC report showed on Tuesday. "The increased efficiency and competition on the infrastructure services market will permit cutting grain costs by up to $20 per tonne," said the report by UGC CEO Sergei Levin, prepared for the International Grain Council in London, a copy of which was obtained by Reuters.

Putin says govt needs to ensure growth of Russian agricultural exports

11.06.2010 10:08:50

Russian Prime Minister Vladimir Putin has called on the government to make sure conditions are in place for Russia to increase its agricultural export potential, and to continue efforts to create an effective mechanism for smoothing-out seasonal price fluctuation on agricultural products. "We need to provide conditions for our export potential to increase, to develop domestic market infrastructure. I have grain in mind, our potential is growing, but we need to move toward opening markets for other kinds of agricultural products. It's possible," Putin said as he opened a Friday meeting dealing with issues of budget-spending planning for 2011-2013.

Ukrainian agroindustrial complex fears strengthening of Russia's competitiveness on foreign grain markets

11.06.2010 10:07:26

Transit stocks of grain in Ukraine and Russia are rather large and they can influence the prices of a new yield, Agrarian Policy Minister Mykola Prysiazhniuk told a briefing in Kyiv. While answering questions regarding plans for the new yield, he noted that no urgent measures regarding the spring cultures yield were taken by the government. For today, 15 million ha have been sown, the forecasted yield of spring cultures is 46-47 million tons, he said

Russia Lowers 2010 Grain Harvest Forecast To 90 Mln Tons

11.06.2010 10:06:13

Russia is likely to harvest this year 90 million metric tons of grain and not 97 million tons as was forecast earlier, the agriculture ministry said Monday. The ministry said about 15% of winter grains had been destroyed by bad weather, resulting in winter grain harvest forecast this year going down to 42 million tons whereas the harvest last year was 46 million tons. Spring grain harvest is forecast at about 48 million tons.

Russian Federation : Russia. Pava seeks to raise $100 mln in share offering

11.06.2010 09:51:11

Russian agricultural company Pava is seeking to raise over U.S. $100 million in a private share offering, RBC Daily reported Monday citing sources on the financial markets. The company is seeking to raise funds for the implementation of two projects - construction of a plant for deep processing of grain and purchase of land, one of the sources said.

Black See and European grain market

10.06.2010 12:30:48

European Market: The markets have retreated yesterday following beneficial rains in recent days. Note that the decline was yesterday more about the futures market than on the physical transactions the latter being smaller and less volatile.

Black Sea grain market

07.06.2010 08:15:10

After the recent rains last week, summer moved in Ukraine, with a gradual rise in temperatures to 30 degrees next week. A return of rainfall is expected in the second half of June but remains uncertain.

Russian wheat traded at $ 178 /t FOB Novorossiysk, unchanged from last day.
Corn traded at $ 180 /t FOB Odessa, -4 $/t from last day.
Sunseed traded at $ 341 /t Ex Work, unchanged from last day.

News

Over 60% of harvested grain - bread-grain

Medvedev promises billion dollars for farmers, urges change in crop insurance system

World Markets and Trade June 2010

Russia's state-run grain trader, the United Grain Co.

Putin says govt needs to ensure growth of Russian agricultural exports

Ukrainian agroindustrial complex fears strengthening of Russia's competitiveness on foreign grain markets

Russia Lowers 2010 Grain Harvest Forecast To 90 Mln Tons

Russian Federation : Russia. Pava seeks to raise $100 mln in share offering

Black See and European grain market

Black Sea grain market

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