News
13.09.2016 08:10:00
Milling wheat price reduction was observed in Russian export market. Last week prices for milling wheat with 12.5% and 11.5% protein decreased by USD 1-2 to USD 171-172/MT FOB and USD 165-167/MT FOB in Novorossiysk port, respectively, for delivery in September.
13.09.2016 08:08:17
Russia is facing a lack of grain storage as it remains on track to produce the largest cereals crop in post-Soviet history, the head of Russia's Grain Union, a non-government farmers' lobby group, said on Tuesday. Arkady Zlochevsky, the head of the union, told a briefing in Moscow he expected a grain crop in a range of 114-118 million tonnes, including 69.5 million tonnes of wheat.
13.09.2016 08:07:17
The USDA raised Russia's production forecast on "excellent growing conditions throughout the country and harvest reports showing very high yields."
WASHINGTON, D.C., U.S. - Russia is expected to be the world's largest exporter of wheat in 2016-17, which, if realized, would mark the first time the nation has achieved the feat.
13.09.2016 02:14:22
Russia has become the world's biggest exporter of wheat, knocking Australia out of global top three ranking and posing a serious threat to the future of Australia's $12 billion grain industry.
28.07.2016 09:45:21
Evonik's new L-lysine production site in the Brazilian state of Parana is now operational, bringing an additional 80,000 metric tons (Mt) of capacity.
"The new [Biolys] plant in Castro is our first amino acid plant in Latin America. We will target the [pig and poultry] markets in Latin America in general and in Brazil in particular," said a spokesperson for the German group.
25.05.2016 14:01:16
"We are planning to harvest around 106 million tonnes thus year with favorable weather conditions," Tkachev said at a meeting with ministry's high-ranking officials.
25.05.2016 14:00:28
Russia exported 31.861 million tonnes of grain over the period from July 1, 2015 to May 18, 2016, a 12.8% rise as compared with the same period the season before (28.251 million tonnes), the Russian Agriculture Ministry has said, citing the Federal Customs Service's data.
25.05.2016 13:59:46
Russia, a major wheat exporter to North Africa and the Middle East, buys grain on the domestic market for state stocks every year in a scheme known as intervention purchases, pitting the government against exporters in years of high demand.
30.04.2016 13:07:47
The International Grains Council (IGC) on Thursday raised its forecasts for 2016/17 world wheat and corn crops, with total supply potentially reaching a record level. The IGC's monthly update increased the forecast for world wheat production by 4 million tonnes to 717 million tonnes, saying that beneficial weather was improving the outlook in both the European Union and Russia.
28.04.2016 16:50:23
According to the latest projections from Russian agriculture consultant's SovEcon, April's grain exports are set to reach a record 2.5Mt. On a season-to-date basis, Russian grain exports have already overtaken last year's record, aided by a favourable exchange rate (see below). Exports since February (including April's activity, if realised) see cumulative exports stretching further upwards from last year's level, with full season exports expected to hit 31.4Mt (30.8Mt in 2014/15).
