Tag: Russia

• Thursday, November 18th 2010 - 21:48 UTC

  Russia plans to collect 33 billion USD in three year privatization plan

  

  The Russian government approved a three year (2011/2013) privatization plan paving the way for a sale of federal assets which could yield 1 trillion roubles (33 billion US dollars), Economic Development Minister Elvira Nabiullina said in Moscow following a cabinet meeting.

• Monday, October 18th 2010 - 00:35 UTC

  Russia agrees to build 500MW nuclear power station in Venezuela

  

  President Hugo Chávez announced a deal for Russia to build a nuclear power station in Venezuela and establishing a bi-national bank.

• Sunday, September 12th 2010 - 06:50 UTC

  USDA cuts forecast for global wheat 2010/11 harvest, 5.5% down from last year

  

  US Department of Agriculture (USDA) has cut its forecast for global wheat production in 2010-11, but by less than expected. USDA now predicts total output of 643 million tonnes for the current agricultural year, down from its August forecast of 645.7 million.

• Wednesday, September 1st 2010 - 19:08 UTC

  Wheat prices drive FAO food prize index at its highest since September 2008

  

  Surging wheat prices drove international food prices up 5% last month in the biggest month-on-month increase since November 2009, FAO announced. The FAO Food Price Index (FPI) averaged 176 points in August, up nearly nine points from July, FAO said in its latest update on the global cereals supply and demand situation.

• Tuesday, August 24th 2010 - 05:07 UTC

  Russia admits crop loss of 38%; self sufficient in 2010 but no reserves for 2011

  

  Russia has enough grain to cover its domestic needs after harvesting this year 38% less than the previous crop, a senior official said Monday. However markets believe Russia could be forced to import several million tons to ensure grain reserves until the following 2011 harvest

• Wednesday, August 18th 2010 - 04:24 UTC

  Wheat futures advance as Ukraine follows Russia and imposes export quota

  

  Wheat futures advanced for the first time in four sessions in Chicago trading after Ukraine, the second-largest exporter in the former Soviet Union last year, said it will probably limit overseas sales, following Russia’s restrictions on trade.

• Thursday, August 12th 2010 - 20:31 UTC

  Russian drought and fires catches the US with record crops of corn and soybeans

  

  Russian President Dmitri Medvedev says a full one-quarter of Russia's grain crops have been destroyed by weeks of drought and wildfires, leaving many Russian farmers close to bankruptcy.

• Friday, August 6th 2010 - 03:01 UTC

  Wheat futures soar as drought-stricken Russia halts grain exports

  

  Wheat futures soared on Thursday after the world’s number three exporter the Russian Federation said it would temporarily halt grain shipments. The worst drought on record have devastated crops in parts of Russia and caused international grain prices to spike as markets anticipate a drop in global supplies.

• Wednesday, August 4th 2010 - 01:21 UTC

  Uruguay’s exports in seven months increase 23% and reach 3.9 billion USD

  

  Uruguayan exports increased 22.78% during the first seven months of 2010 compared to the same period a year ago, according to Uruguay’s Union of Exporters. Sales totalled 3.9 billion US dollars while in the seven months of 2009, they reached 3.2 billion USD.

• Tuesday, August 3rd 2010 - 15:04 UTC

  Wheat prices at 22 month high; fears about drought and fires in Russia

  

  International wheat prices hit a 22-month high Monday after a severe drought and ensuing wildfires in Russia devastated crops. Chicago Board of Trade (CBOT) wheat for September delivery broke through the $7-a-bushel level in US trade for the first time since September 2008 but have since falling back.