Latest news with #DmitryPatrushev
Reuters
10-06-2025
- Climate
- Reuters
Drought-hit Russian grain region Rostov declares state of emergency
MOSCOW, June 10 (Reuters) - Russia's largest grain producing region, Rostov, has declared a state of agricultural emergency in some drought-hit areas, the local governor said on Tuesday. The emergency regime, which enables farmers to seek compensation for losses, also serves as a signal for markets on prospects for this year's harvest. "This year farmers have to work under extremely unfavourable weather conditions. Today we are introducing a state of emergency in some districts of the region due to drought," governor Yuri Slyusar wrote on Telegram. The region had also been hit by spring frosts, though they were less severe than last year, when the Rostov grain harvest fell by more than a fifth owing to adverse weather events. Harvesting in the region is due to start in the second half of June. This year's grain harvest in Russia, the world's largest wheat exporter, is projected to reach 135 million metric tons, up from last year's 130 million tons, Deputy Prime Minister for Agriculture Dmitry Patrushev said earlier on Tuesday.
Business Recorder
03-06-2025
- Business
- Business Recorder
Russian new crop wheat export prices remain flat amid weak activity before new season's start
MOSCOW: Prices for new crop Russian wheat remained unchanged last week as trading in old crop supplies has nearly stopped and the market is waiting for the start of the new marketing season with possible changes in export regulations, analysts said. The price for new crop Russian wheat with 12.5% protein content for free-on-board (FOB) delivery in the second half of July was $225 per metric ton, same as a week ago, said Dmitry Rylko, head of the IKAR consultancy. IKAR upgraded its estimate of wheat exports in May to 2.1 million tons from 1.7-1.9 million tons a week ago. Wheat exports in June are estimated at 1.2 million tons. The Sovecon consultancy estimated prices for Russian old crop wheat with 12.5% protein content at $240-243 per ton FOB compared to $248-250 per ton FOB a week before. New crop offers are being discussed at $225–230 per ton. According to the agency, the price dynamics was affected by a potential change in the calculation of export duties announced last week by Russian Deputy Prime Minister Dmitry Patrushev. He said Russia will reduce exports to 44.5 million metric tons of wheat and 53 million tons of grain in the 2024/25 season. Sovecon upgraded the forecast for May wheat exports by 0.1 million tons to 1.9 million tons.
Business Recorder
31-05-2025
- Business
- Business Recorder
EU wheat stuck near contract lows
PARIS: Euronext wheat prices edged down on Friday to trade near contract lows as further signs of Russian export competition reinforced a bearish mood fuelled this week by improving global supply prospects. September milling wheat, the most active position on Paris-based Euronext, settled at 200.75 euros a metric ton, down 0.6%. It held close to a contract low of 200.25 euros set on Thursday but again remained above the psychological floor of 200 euros. December futures, also used as a benchmark for the 2025 crop, ended down 0.5% at 212.25 euros, near a contract low of 211.25 euros from early May. Russia needs to act swiftly to maintain its position as the world's top wheat exporter, Deputy Prime Minister Dmitry Patrushev said on Friday, acknowledging a sharp slowdown in wheat exports in the current season. Patrushev, who is responsible for agriculture in the government, said Russia will export 44.5 million metric tons of wheat in the 2024-2025 season. That was down sharply from last season but still above some analyst estimates for this season. On Thursday, agricultural consultancy Sovecon raised its forecast for Russia's wheat exports for the 2025-2026 season, citing improved weather conditions for the harvest. An upturn in Russian export activity could further dim Western European prospects after a slow season. 'With only June remaining in the season, a heavy EU wheat end-stock and a large incoming crop are anticipated,' British merchant Frontier Agriculture said in a note. Rain in parched areas of northern Europe in the past week has eased drought concerns. French wheat crop conditions declined in the week to May 26 but less sharply than in the previous week, data from farm office FranceAgriMer showed on Friday. Uncertainty over international trade relations also hung over the market. US President Donald Trump said on Friday that China had violated an agreement with the US to mutually roll back tariffs and trade restrictions for critical minerals. Volumes on Euronext were light, with some participants taking a long weekend after Thursday's Ascension Day holiday in some European countries.
Business Recorder
30-05-2025
- Business
- Business Recorder
Wheat down 1-2 cents, corn up 1-down 1, soy down 4-6
CHICAGO: The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Friday. Wheat - Down 1 to 2 cents per bushel CBOT wheat futures fell on expectations of a large global wheat crop. Agricultural consultancy Sovecon on Thursday raised its forecast for Russia's wheat exports for the 2025-2026 season by 1.1 million metric tons to 40.8 million tons, citing improved weather conditions for the harvest. Russia plans to export 53.0 million metric tones of grain, including 44.5 million tonnes of wheat, in the 2024-2025 season, Russian deputy prime minister Dmitry Patrushev said on Friday. The U.S. Department of Agriculture reported U.S. wheat export sales losses of 128,800 metric tons, in line with analyst expectations. CBOT July soft red winter wheat was last down ½ cent at $5.33-1/2 per bushel. K.C. July hard red winter wheat was last up 1/4 cent at $5.32 per bushel. Minneapolis July spring wheat was last up 3-1/2 cents at $6.19 a bushel. Wheat down 8-9 cents, corn down 1-2, soy up 5-6 Corn - Down 1 cent to up 1 cent per bushel Corn futures were mixed as traders weighed Brazil's large upcoming corn crop with large export sales reported on Thursday by the U.S. Department of Agriculture. The USDA reported export sales of corn for the current marketing year at 916,700 tons, in line with expectations. U.S. exporters sold 210,560 metric tons of corn to unknown destinations. CBOT July corn was last up 3/4 cent at $4.47-3/4 per bushel. Soybeans - Down 4 to 6 cents per bushel Soybean futures ticked lower to hold near Thursday's three-week low, curbed by expectations of ample supplies along with uncertainty over biofuel demand as the U.S. government considers waivers for oil refiners. Traders are assessing a Reuters report that the White House is considering a plan to clear a record backlog of requests from small refineries for exemptions from U.S. biofuel laws. The USDA reported export sales of soybeans clocked in at 146,000 tons, below a range of analyst expectations. CBOT July soybeans were down 4-3/4 cents at $10.47 per bushel.
Business Insider
23-04-2025
- Health
- Business Insider
Africa denied more support as Russia detaches itself from the idea of sending aid
Russia has said it doesn't wish to disburse aid to Africa, noting that it does not want its relationship with the continent to be based on that. This is in light of the recent cutback in USAID, which has been an interesting conversation for several African countries. Russia does not want to disburse aid to Africa, aiming for a mutually beneficial partnership instead of aid dependency Russia has announced plans to disburse aid to Niger to combat a disease affecting pregnant women The narrative of donor dependency in Africa is being challenged, with a focus on sustainability and self-reliance Very recently, Russia relayed its sentiments on giving aid to Africa, which centered around cutting it off in place of a mutually beneficial partnership rather than a system that creates aid dependency. Russia's recent approach to aid provides a stark contrast to Western support and hints at the future of international collaboration with Africa. In an interview with Sputnik Africa, Anna Popova, the director of Russia's Rospotrebnadzor (the country's human welfare authority), said that Russia's strategy for growing its influence in Africa is founded on mutual benefit and long-term empowerment. 'We share our knowledge, experience, technologies, and laboratories so that each country can recognize threats and learn to take the right steps to protect its people from danger. This is fundamentally important. We work for the host country, [...] unlike those who only act in their own interests,' she told Sputnik. This however, may not be all encompassing, given the fact that Russia very recently announced plans to disburse aid to Niger to help combat a disease that affects pregnant women. The NGO "Ensemble Main dans la Main Niger-Russie" (Together Hand in Hand Niger-Russia) has made a large grant to the National Reference Center for Obstetric Fistula in Niamey. The contribution, which includes drugs, food supplies, blankets, and vaccinations, is intended to improve care for women suffering from obstetric fistulas, a medical ailment that disproportionately affects women in impoverished and neglected communities. In 2023, according to Russia's agriculture minister, Dmitry Patrushev, Russia promised to deliver a free shipment of up to 200,000 tonnes of grain to six African countries, as initiated by President Vladimir Putin. For decades, foreign aid has been considered a lifeline for Africa's development, channeling billions of dollars annually into sectors like health, agriculture, and humanitarian support. However, the long-held narrative of donor dependency is increasingly being challenged, not only by African voices but also by international observers and aid partners themselves. A new era focused on sustainability, self-reliance, and mutual respect is gradually replacing. Recent global developments highlight this shift. On January 20, 2025, U.S. President Donald Trump signed an executive order suspending all USAID disbursements for 90 days. Early speculation warned of severe consequences for African countries, but many experts argue that the actual impact might be less drastic than presumed. Caitlin Burton, in an exclusive interview with Business Insider Africa, emphasized that the importance of U.S. aid has long been overstated. 'US-supported programs, they often cost 2 or 3 times or even 10 times what they should have cost to deliver just to feed the cottage industry of aid contractors around D.C,' she said. More critically, Burton questioned the effectiveness of many aid programs themselves. 'I think many of the programs weren't that effective, so what Africa is losing in terms of potential impact is also not as significant as it appears on paper,' she added.
