News

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.

Russia exports over 4.2 mln tonnes of wheat in 1Q 2010

23.05.2010 11:33:11

According to data of the Bank of Russia, during the first quarter of 2010, the foreign trade turnover of Russia totaled 138.1 bln USD (144.2% to the first quarter of 2009), including exports - 92.6 bln USD (161.6%), imports - 45.6 bln USD (118.4%).

Russia seeks ways to dispose grain stocks

23.05.2010 11:32:16

Russian budget suffers huge losses because of the surplus of grain the state granaries have to keep, Moscow's business daily Kommersant reported on Wednesday. Prime Minister Vladimir Putin ordered his deputy Victor Zubkov "to think about the very daring ideas" on where to dispose those excessive stocks.

Russia's gross grain harvest to be at 95-97 mln tons in 2010 - ministry

23.05.2010 11:31:04

Experts have forecasted that Russia's gross grain harvest in 2010 will be at the level of 2009, or at about 95-97 million tonnes. In 2009, Russian farmers harvested 97 million tonnes of grain, an official at the Russian Agriculture Ministry reminded on Tuesday.

News

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

Russia exports over 4.2 mln tonnes of wheat in 1Q 2010

Russia seeks ways to dispose grain stocks

Russia's gross grain harvest to be at 95-97 mln tons in 2010 - ministry

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