Moscow | Reuters –– Russia’s Uralkali will invest US$4.5 billion over the next five years to raise production capacity by 30 per cent, aiming to remain the world’s largest potash company despite a setback at a major mine. Uralkali’s capacity to produce potash, a crop nutrient, came into focus after it halted production at the
Russia’s Uralkali to invest US$4.5B to stay potash No. 1
Russia starts spring seeding with raised hopes for harvest
Moscow | Reuters –– Russian farmers have started their spring seeding campaign with prospects for the 2015 crop brighter than first thought, the agriculture ministry said on Wednesday. Russia, one of the main key wheat exporters to North Africa and the Middle East, needs a good crop after a sharp drop in the rouble has
Russian grain exports seen reviving as informal curbs ease
Moscow | Reuters –– Russian grain exports have picked up again after a decision to impose official export duties reduced informal curbs that had all but stopped sales abroad, SovEcon agriculture consultancy said on Saturday. Russia, the world’s fourth-largest wheat exporter, introduced informal grain export controls last week to try and cool domestic wheat prices
Russia’s grain exports stop: farm lobby
Moscow / Abu Dhabi / Reuters — Russia’s grain exports have stopped due to curbs brought in to protect domestic supply, putting big deals at risk, an influential farm lobby group said on Wednesday. Russia’s main wheat buyers are Turkey, Iran and, very vulnerable to supply disruption, Egypt. Moscow imposed informal grain export controls with
Russia’s new grain export duty sows confusion
Moscow / Reuters — Russia stiffened its bid to curb grain exports on Monday with plans for a duty on shipments, to defend domestic bread supply against a crumbling rouble. Russia, one of the world’s top wheat exporters to North Africa and the Middle East, has been exporting record volumes of grain this year as
Russian grain exporters stop buying
Moscow / Reuters — A Russian grain exporters’ group that accounts for about three-quarters of the country’s shipments said on Friday it had stopped buying for export until domestic prices cool down. The move follows informal government measures to restrict exports as Moscow tackles a currency crisis, including through toughening of quality controls and a
Russia curbs grain exports to cool domestic prices
Moscow | Reuters — Russia, one of the world’s main wheat exporters, is taking steps to restrict grain exports in an attempt to cool domestic prices, as it tackles a financial crisis linked to plunging oil prices and Western sanctions. In a meeting with grain exporters on Wednesday, Deputy Prime Minister Arkady Dvorkovich said the
Russia surprises peers with early wheat export market exit
London/Moscow | Reuters — Russian wheat has made a surprise early exit from key global export markets, despite the country’s near-record crop, after domestic prices rose in the fallout from the Ukraine crisis. With a bumper crop and the rouble close to historic lows, Russia could reasonably be expected to actively supply wheat to key
Food ban, population influx seen boosting Russia grain demand
Moscow | Reuters — Russia’s ban on most Western food, the assimilation of the disputed Crimea region and people fleeing conflict in Ukraine are set to boost Russian grain demand this year, SovEcon, one of the country’s leading agriculture consultancies, said. Russia, expected to be the world’s third-largest wheat exporter this year, is harvesting a
Russia shuts four McDonald’s restaurants amid Ukraine tensions
Moscow | Reuters — Russia ordered the temporary closure of four McDonald’s restaurants in Moscow on Wednesday, a decision it said was over sanitary violations but which comes against a backdrop of worsening U.S.-Russian ties over Ukraine. The four restaurants ordered to suspend operations by the state food safety watchdog included the first ever McDonald’s
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