Latest news with #UAC
Arab News
12-06-2025
- Business
- Arab News
Ukrainian pea prices may rise amid expected exports to China, producers say
KYIV: Prices for Ukrainian peas may rise significantly by mid-summer on the back of expected significant supplies to China, which opened its market to Ukrainian peas this spring, Ukrainian producers union UAC said on Thursday. Farmers sowed 250,000 hectares of peas in 2025 compared with 212,000 hectares in 2024, farm ministry data shows. 'China has opened its market, and a significant part of the peas will probably go there,' UAC said in a statement. UAC said an increase in demand could push pea prices up to as much as 16,000 hryvnias ($385.33) per metric ton ex works (EXW) in late summer against the current 14,000 hryvnias. The farm ministry has said pea production in Ukraine could increase to 476,000 metric tons in the 2025/26 July-June season from 409,000 tons in 2024/25. Ukraine exports its peas mostly to Turkiye, India, Italy, Malaysia, the ministry said.
Zawya
05-06-2025
- Business
- Zawya
Wheat rises for 2nd session on Black Sea, China supply woes
SINGAPORE/PARIS - Chicago wheat futures rose on Thursday, supported by the escalating conflict between major grain suppliers Russia and Ukraine, a weak dollar, as well as dry weather threatening yields in top consumer China. Corn prices firmed, but soybeans edged lower. "Ukraine has hit Russia and there are fears of escalation which is supporting wheat prices," said one trader in Singapore. A weak dollar against major currencies was also supporting prices although it was not enough to keep soybean prices in green territory. The most-active wheat contract on the Chicago Board of Trade (CBOT) rose 0.5% to $5.46 a bushel, as of 1040 GMT. Corn added 0.7% to $4.41-3/4 a bushel, while soybeans gave up 0.2% to $10.42-1/2 a bushel. Parts of China's wheat belt in Shaanxi and Henan provinces have been hit hard by hot and dry weather, with near-record temperatures threatening to reduce yields. Ukraine has stepped up attacks on Russian targets, prompting Russian President Vladimir Putin to tell the U.S. President Donald Trump in a telephone conversation that Moscow would have to respond, escalating worries over grain supplies. Ukrainian corn exports are set to fall to 1 million metric tons in June from 2 million tons in May, as Ukraine-origin corn is uncompetitive compared to its American equivalent, producers' union UAC said on Wednesday. Corn and soybean prices are being capped by favourable weather in the U.S. Midwest, where farmers are wrapping up their planting. Commodity funds were net buyers of CBOT corn, wheat, soybean and soymeal futures contracts on Wednesday and small net sellers of soyoil futures. Prices at 1040 GMT Last Change Pct Move CBOT wheat 546.00 2.75 0.51 CBOT corn 441.75 3.00 0.68 CBOT soy 1042.50 -2.50 -0.24 Paris wheat 202.50 -0.50 -0.25 Paris maize 182.00 0.00 0.00 Paris rapeseed 479.50 1.00 0.21 Euro/dlr 1.14 0.00 0.10 Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne
Business Recorder
05-06-2025
- Business
- Business Recorder
Wheat rises for 2nd session on Black Sea, China supply woes
SINGAPORE: Chicago wheat futures rose on Thursday, supported by the escalating conflict between major grain suppliers Russia and Ukraine, as well as dry weather threatening yields in top consumer China. Corn prices firmed, but soybeans edged lower. 'Ukraine has hit Russia and there are fears of escalation which is supporting wheat prices,' said one trader in Singapore. The most-active wheat contract on the Chicago Board of Trade (CBOT) rose 0.6% to $5.46-1/4 a bushel, as of 0319 GMT. Corn added 0.3% to $4.40 a bushel, while soybeans gave up 0.1% to $10.44 a bushel. Parts of China's wheat belt in Shaanxi and Henan provinces have been hit hard by hot and dry weather, with near-record temperatures threatening to reduce yields. Ukraine has stepped up attacks on Russian targets, prompting Russian President Vladimir Putin to tell the US President Donald Trump in a telephone conversation that Moscow would have to respond, escalating worries over grain supplies. Wheat, corn and soybeans stay firm as war and tariff news monitored Ukrainian corn exports are set to fall to 1 million metric tons in June from 2 million tons in May, as Ukraine-origin corn is uncompetitive compared to its American equivalent, producers' union UAC said on Wednesday. Corn and soybean prices are being capped by favourable weather in the US Midwest, where farmers are wrapping up their planting. Commodity funds were net buyers of CBOT corn, wheat, soybean and soymeal futures contracts on Wednesday and small net sellers of soyoil futures.
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India.com
27-05-2025
- Business
- India.com
World Turns Cold On Su-57E: Will India Still Consider To Buy Russia's ‘Stealth Beast'?
New Delhi: Su-57E - Russia's fifth-generation stealth fighter - is under scrutiny once again. No country across the globe seems to be interested acquiring the fighter jet despite Moscow's consistent efforts to sell it to countries such as India, Algeria and Malaysia. Rosoboronexport, a Russian defence firm, said that it would put on display the aircraft at the LIMA 2025 International Maritime and Aerospace Exhibition in Malaysia. However, the fighter jet, as reported by the media, never made it to the exhibition. In an absence that raised many eyebrows, only a scale model of the jet was showcased at a booth of the United Aircraft Corporation (UAC) in the Malaysian exhibition. Malaysia's indifference towards Su-57E in its Multi-Role Combat Aircraft (MRCA), India's exit from the Fifth Generation Fighter Aircraft (FGFA) programme and the fighter aircraft's absence at LIMA 2025 all narrated the same saga - the Russian "Felon" is likely to turn out are a big "failure". Let's understand the Su-57E. It is an export variant of Russian Su-57 fighter jet, which is a fifth-generation stealth aircraft that is armed with cutting-edge missile systems and designed for multi-role operations and radar evasion. It is capable of carrying long-range air-to-air missiles such as R-37M and can strike targets up to 400 kilometres away. Without disclosing the name of the country, a confident Russia had earlier claimed that the first buyer of the jet would start operating it by this year (2025). Algeria was seen as the possible acquirer. But neither the countr nor Russia has so far confirmed the deal. Why is Malaysia delaying its fighter jet programme? Began in 2009, Malaysia's MRCA programme is aimed at replacing its aging MiG-29s. Earlier, the programme featured jets such as Boeing F/A-18 Super Hornet, Saab Gripen, Dassault Rafale and Eurofighter Typhoon, but the country's focus in recent years seems to have turned towards acquiring fifth-generation or near-fifth-generation fighter aircraft. Malaysia, despite this apparent shift, has not so far made any final decision. As a result, the role of Su-57E remains uncertain. Russia's Continued India Push Meanwhile, Russia continues to try pushing India to buy the Su-57E even after the latter's withdrawal from the FGFA project in 2018. India exited from the project, as reports suggest, because of unsatisfactory performance of the fighter jet and its high cost. Russia apparently has not given up and continues to pursue the deal. It is seeming attempting to capitalise on India's rising need for advanced fighter aircraft. Russia offered India a "Golden Deal" during Aero India 2025 - a mega aerospace and defence exhibition organised at Bangaluru's Yelahanka Air Force Station from February 10 to 14. Moscow offered New Delhi prompt delivery of Su-57E's, its local production in India and assistance in India's indegenous fifth-generation fighter aircraft program (AMCA). Moscow also told India that if it accepts the deal, Indian firms manufacturing the Su-30MKI can soon begin producing the Su-57E. New Approach Post Pakistan Conflict Following recent exchange of firepower with Pakistan in response to the April 22 deadly terror attack on tourists at Baisaran meadows in Jammu and Kashmir's Pahalgam, Russia has been aggressively making efforts aimed at promoting the Su-57E. In an interview with Sputnik, a Russian state-run news agency and radia broadcast service, a military observer from Moscow, Igor Korotchenko, said India should, without a second thought, go for acquiring the Su-57MKI that is especially designed for New Delhi and equipped with long-range missiles like the R-37M - keeping its requirements in mind. At the same time, a few Russian bloggers are trying to project Su-57 as superior to the Rafale. They are leaving no stone unturned to urge India to invest in it. New Delhi, however, has not so far respond to the suggestions, either unofficially or officially. It appears that the path for Su-57E's acquisition is not an easy one. It will be interesting to note that whether the fighter jet manages to find a place in the international defense market in the years to come.
News18
26-05-2025
- Business
- News18
Russia Wooing India With 'Rafale-Beater' Sukhoi Su-57E. Why Is The Deal Still Grounded?
Last Updated: At Aero India 2025, Russia proposed a "golden deal" offering early deliveries of the Sukhoi Su-57E, with domestic manufacturing under the 'Make in India' initiative. Russia's ambition to position its fifth-generation stealth fighter, the Sukhoi Su-57E, as a formidable player in the global defence market continues to face headwinds. Despite the country's ongoing efforts to market the aircraft to strategic partners like India, Malaysia, and Algeria, the aircraft's journey toward export success remains uncertain. At the recently concluded Langkawi International Maritime and Aerospace Exhibition (LIMA 2025) in Malaysia, the spotlight was expected to fall on the Sukhoi Su-57E. Rosoboronexport, Russia's state arms exporter, had announced with some fanfare that the aircraft would be showcased at the event. However, as images from the exhibition began circulating, observers noticed something missing: the jet itself. Only a scale model was displayed at the United Aircraft Corporation (UAC) pavilion; no actual Sukhoi Su-57E made it to the airshow. The Sukhoi Su-57E is the export variant of the Sukhoi Su-57, Russia's answer to fifth-generation platforms like the American F-22 and F-35. Engineered for stealth, supermaneuverability, and equipped with long-range air-to-air missiles such as the R-37M, with a reported range of up to 400 kilometres, the Sukhoi Su-57E represents Russia's bid to enter the elite club of next-generation fighter producers. Russia has long claimed that the jet would attract buyers from Asia and North Africa. It even hinted that the first foreign customer would begin operating the Sukhoi Su-57E by 2025, though it refrained from naming the country. Algeria is often speculated to be that partner, but no official confirmation has been offered by either side. India once stood as a close collaborator in Russia's fifth-generation fighter ambitions. As part of the now-defunct FGFA (Fifth Generation Fighter Aircraft) project, India had initially partnered with Russia but exited in 2018, citing concerns over cost, performance, and production delays. Despite that setback, Russia has kept the door open. At the Aero India show in February 2025, Russia had proposed a 'golden deal" offering early deliveries of the Sukhoi Su-57E, domestic manufacturing under India's Make in India initiative, and cooperation in India's indigenous Advanced Medium Combat Aircraft (AMCA) programme. Russian commentators even proposed an India-specific Su-57MKI variant outfitted with powerful long-range missiles. Still, India has yet to respond officially. With no visible movement on the deal, the pitch remains, at best, aspirational. Meanwhile, Malaysia's MRCA (Multi-Role Combat Aircraft) program, originally launched in 2009 to replace aging MiG-29 fighters, has yet to reach a final decision. The initial competition featured fourth-generation jets like the Eurofighter Typhoon and Dassault Rafale, but attention has gradually shifted toward more advanced platforms. Despite Russian efforts to position the Sukhoi Su-57E as a contender, the jet's absence at LIMA 2025 may further weaken its chances in Malaysia's defence planning. Though the Sukhoi Su-57E, nicknamed 'Felon" by NATO, remains a source of pride for Russia's defence industry, its export story is yet to be written. Defence analysts note that while the aircraft's theoretical capabilities are impressive, its limited deployment even within Russia's own air force, and its absence from major airshows, raises questions about its production scalability and operational readiness. Enthusiastic endorsements from Russian defence circles and social media influencers continue. Some even compare the Sukhoi Su-57E favourably to other fighter jets like France's Rafale. Watch India Pakistan Breaking News on CNN-News18. Get breaking news, in-depth analysis, and expert perspectives on everything from geopolitics to diplomacy and global trends. Stay informed with the latest world news only on News18. Download the News18 App to stay updated! First Published: May 26, 2025, 12:56 IST
