SCO & BRICS latest news and insights
By Rhod Mackenzie
The weather this spring has been challenging for Russian farmers. Drought, floods and frosts have led to reduced grain and wheat yields. 900 thousand hectares of crops have been destroyed, and it is too late to replant wheat. Will Russian farmers be able to survive weather anomal...
By Rhod Mackenzie
Russia's share of Egypt's wheat imports has increased to 68%, up from just over 55% last year, according to Akram Hossein al-Shafei, a member of the board of the Egyptian Chamber of Commerce and Industry. He told RIA Novosti that Russia and Ukraine account for 80% of Egypt's tota...
According to the Russian Grain Union, the area dedicated to durum wheat cultivation is expected to nearly double this year. The Ministry of Agriculture reported that one million hectares will be sown with this high-quality and expensive wheat in the upcoming season.
It appears that the relevant dep...
By Rhod Mackenzie
On March 5, during a meeting with representatives of the agro-industrial complex in the Stavropol Territory, Russian President Vladimir Putin endorsed the proposal to establish a grain exchange under the BRICS framework.
He noted that stock speculation affects prices, which in t...
