Reuters — Cargill Inc. on Thursday became the latest large agribusiness to report disappointing quarterly results as one-time charges and slowing economies in key emerging markets stung the privately held global commodities trader. Minnesota-based Cargill said it lost a net $51 million in the fiscal fourth quarter ended May 31, compared with a profit of […] Read more
Cargill posts Q4 loss on one-time charges, revenue down
Ukraine opens to more Canadian beef imports
Agriculture Minister Gerry Ritz and International Trade Minister Ed Fast have announced the Ukrainian market has opened for beef from cattle under 30 months of age and ready-to-eat meat. In 2014 Ukraine lifted a ban on imports of other Canadian beef products imposed after Canada reported a case of bovine spongiform encephalopathy in 2003. A […] Read more
Talks wrap on Canada/Ukraine free trade pact
Canada’s crop and livestock producers expect to benefit soon from a free trade agreement with Ukraine, on which the two countries’ governments have now formally completed talks. Prime Minister Stephen Harper announced Tuesday, during a visit from Ukraine’s Prime Minister Arseniy Yatsenyuk, that trade negotiations between the two countries wrapped up in Kiev on July 9, and […] Read more
Russia, Ukraine may cut grain crop forecasts as temperatures rise
Moscow/Kiev | Reuters — Major Black Sea wheat exporters Russia and Ukraine may cut their official 2015 grain crop forecasts as recent hot weather has raised the risks to plants and rains elsewhere have delayed the harvest and dented quality, farmers and officials said. Russia and Ukraine’s agriculture ministries have said if hot weather persists […] Read more
Russia to extend ban on Western food imports to early 2016
Moscow | Reuters — Russia plans to extend a ban on Western food imports for six months starting from early August, after the European Union extended its own sanctions against Moscow, Russian officials said Monday. European Union foreign ministers extended economic sanctions against Russia until Jan. 31 on Monday, keeping up pressure on Moscow to […] Read more
Ukrainian N plants to shut, government pressure cited
Kiev | Reuters –– A company controlled by Ukrainian tycoon Dmytro Firtash said Thursday it was closing down its last two nitrogen fertilizer plants in Ukraine because of “unprecedented pressure” from the government which had deprived the plants of gas. A statement by his Group DF said the closure of the Cherkassky Azot and Rivneazot […] Read more
Russia may allow food imports from three EU states
Moscow | Reuters –– Russia may allow around 20 firms from Hungary, Cyprus and Greece to return to its market after it orders the lifting of an embargo on food imports from the European Union, Interfax news agency quoted a senior official as saying on Tuesday. Russia banned foods from the 28-nation EU last year […] Read more
Crop tour in Russia, Ukraine finds mid-sized farms under pressure
Conflict in Ukraine has left the country’s farmers in a tight spot, as they’ve told agronomist Mike Lee. Lee, who grew up in the U.K. but has managed large farms in Ukraine and worked in Kazakhstan, Uzbekistan and Russia, traveled 5,000 km through Ukraine and Russia in late March, evaluating winter crops and talking to farmers. […] Read more
Russia looks set to extend import ban on Western food
Moscow | Reuters –– Russia looks likely to extend a ban on Western food imports beyond an Aug. 7 deadline, with a lack of incentive to lift its embargo due to the prospect of extended European sanctions. With President Vladimir Putin supporting moves to boost Russia’s “food security,” officials have promised to invest more in […] Read more
Guenther: ‘Full story’ sought on crop health in Ukraine, Russia
Given the ongoing conflict in eastern Ukraine, the country might seem like a risky place to conduct a 10-day crop tour. But Mike Lee’s confident he can pull it off. “A lot of people think we’re completely nuts for going there. But to me, it’s not that crazy. It’s a fairly normal, straightforward place if […] Read more
Cyber-Savvy Farmer
