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Russian wheat export prices steady as stronger rouble helps

5/17/2021 MOSCOW, May 17 (Reuters) - Russian wheat export prices for the old crop were mostly stable last week, supported by a stronger rouble and lower wheat prices in Chicago and Paris, analysts said on Monday. Russian wheat with 12.5% protein loading from Black Sea ports for supply in June was at $278 a tonne free on board (FOB) at the end of last week, unchanged from the previous week, the IKAR agriculture consultancy said. Prices for the new crop, which will arrive this summer,...
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UPDATE 1-Russian economy ministry says it is concerned about strong food exports

5/13/2021 (Adds quotes, detail) MOSCOW, May 13 (Reuters) - The Russian economy ministry is studying possible measures to address the issue of strong food exports amid globally higher prices for food and commodities, Economy Minister Maxim Reshetnikov said on Thursday. Russia, which competes for the rank of the worlds largest wheat exporter with the European Union, imposed some grain export curbs this year in an attempt to rein in domestic food inflation. The economy ministry will now study the ...
Orlovskaya Oblast Maxim Reshetnikov Jan Harvey Polina Devitt Andrey Ostroukh European Union

Russian economy ministry says it is concerned about strong food exports

Article content MOSCOW — The Russian economy ministry is studying possible measures to address the issue of strong food exports amid globally higher prices for food and commodities, Economy Minister Maxim Reshetnikov said on Thursday. Russia, which competes for the rank of the world’s largest wheat exporter with the European Union, imposed some grain export curbs this year in an attempt to rein in domestic food inflation. We apologize, but this video has failed to load. Try refreshing your ...
Orlovskaya Oblast Maxim Reshetnikov Jan Harvey Polina Devitt Andrey Ostroukh European Union

UPDATE 1-Strong demand for diamonds, rough and smooth, boosts Alrosa sales

UPDATE 1-Strong demand for diamonds, rough and smooth, boosts Alrosa sales Reuters 1 hr ago MOSCOW, May 12 (Reuters) - Russias Alrosa, the worlds largest producer of rough diamonds, said on Wednesday its April sales of rough and polished stones rose by 12% month-on-month to $401 million after demand for diamond jewelry strengthened in the main markets. Global demand for precious stones has been recovering from the impact of the COVID-19 pandemic since the second half of 2020. Sales by the sta...
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Source: msn.com

Russia produces first batch of COVID-19 vaccine for animals -regulator

Russia produces first batch of COVID-19 vaccine for animals -regulator 04/30/2021 7:31 MOSCOW (Reuters) - Russia has produced the worlds first batch - 17,000 doses - of COVID-19 vaccines for animals, its agricultural regulator said on Friday. Russia registered Carnivac-Cov in March after tests showed it generated antibodies against COVID-19 in dogs, cats, foxes and mink. The first batch will be supplied to several regions of Russia, the regulator Rosselkhoznadzor said in a statement. It sa...
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Russia may limit buckwheat exports to keep national staple at home

4/29/2021 MOSCOW, April 29 (Reuters) - Russia is considering limiting exports of buckwheat for some time to keep domestic prices stable, its agriculture ministry said on Thursday. Many Russians see buckwheat as a national staple that they have stockpiled to get through multiple crises in their history. Every spike in domestic prices gets the attention of the public and officials concerned about social stability. Exports of buckwheat from Russia are up significantly since November, the ministry ...
Orlovskaya Oblast Andrei Belousov David Evans Polina Devitt Agriculture Organization United Nations Food

Russian ministries agree to reduce fuel tax, raise extraction tax for oil firms

By Reuters Staff 1 Min Read MOSCOW, April 20 (Reuters) - Russia’s energy and finance ministries have agreed to reduce fuel tax from May 1, cutting 350 billion roubles ($4.5 billion) from the state budget in 2021-2023, they said on Tuesday. The finance ministry said earlier in April that Russia planned to tackle rising fuel costs by changing taxes and paying more compensation to companies for holding down prices. To offset half of the budget losses, the government will hike the mineral extract...
Orlovskaya Oblast Olesya Astakhova Mark Potter Vladimir Soldatkin Polina Devitt Thomson Reuters Trust Principles

Nornickel to boost output of nickel products in Finland for EV battery market

By Polina Devitt and Anastasia Lyrchikova MOSCOW (Reuters) - Russian metals producer Nornickel said on Tuesday it will boost output of nickel products at its Harjavalta plant in Finland as it bets on the expanding market for battery materials needed for electric vehicles (EV). Finlands state mining investment firm Finnish Minerals Group, German chemicals giant BASF and Finnish utility Fortum are among companies currently forming an EV battery cluster in Finland. Nornickel, one of the worlds...
Satakunta Region Polina Devitt Susan Fenton Anastasia Lyrchikova Finnish Minerals Group Anton Berlin
Source: wkzo.com

Nornickel to supply nickel, cobalt to Johnson Matthey for battery materials

<div class="at-above-post addthis_tool" data-url="https://www.metro.us/johnson-matthey-fmg-to/"></div>By Polina Devitt MOSCOW (Reuters) -Johnson Matthey and state investor Finnish Minerals Group (FMG) have agreed to build a plant to produce cathode materials used in electric vehicle (EV) batteries. The plant will have a capacity of 30,000 tonnes of cathode materials and be powered by renewable energy, Johnson Matthey said in a statement, adding […]<!-- A...
Satakunta Region Maxim Rodionov Edmund Blair Polina Devitt Finnish Minerals Group Johnson Matthey
Source: metro.us

Johnson Matthey, FMG to build Finland EV materials plant

Article content MOSCOW — Johnson Matthey and state investor Finnish Minerals Group (FMG) have agreed to build a plant to produce cathode materials used in electric vehicle (EV) batteries. The plant will have a capacity of 30,000 tonnes of cathode materials and be powered by renewable energy, Johnson Matthey said in a statement, adding that construction is expected to start this year. We apologize, but this video has failed to load. Try refreshing your browser, or Johnson Matthey, FMG to buil...
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