WINNIPEG, Manitoba, Feb 1 (Reuters) – Nutrien Ltd, the world’s biggest potash miner, could boost production by up to 29 percent in coming years, depending on any sanctions facing rival producers in Russia and Belarus, the Canadian company’s interim CEO told Reuters. Prices of granular potash fertilizer are near 10-year highs in the United States […] Read more
Stories by Polina Devitt
Iran buying record volume of wheat after worst drought in 50 years – sources
LONDON/MOSCOW/HAMBURG, Oct 13 (Reuters) – Iran needs to buy a record 8 million tonnes of wheat in the current season, Iranian industry sources said, after its domestic crop was hit by drought, while the jump in imports will coincide with high global grain prices adding to pressures on the country’s finances. Bread is a staple […] Read more
Russian ministry seeks to limit grain exports
MOSCOW, (Reuters) – Russia’s agriculture ministry is looking to set a non-tariff quota for grain exports of 20 million tonnes in January-June, it said in a statement on Tuesday, adding the quota would be scrapped later in the most active part of season for trading. This follows comments last month by the ministry that Russia, the world’s […] Read more
Russia tightens grip over grain exports with state-led association
MOSCOW, (Reuters) – Major grain traders in Russia have agreed to create a new exporters’ association led by a state-controlled firm, increasing the government’s influence over supplies from the world’s biggest wheat exporter. Russia’s agriculture ministry has been meeting regularly with big exporters since September to monitor exports amid a lower 2018 crop. In February, […] Read more
Russian agricultural firms raided over suspected tax evasion
MOSCOW (Reuters) – Meat producer Cherkizovo and farming conglomerate Rusagro were among agricultural firms across Russia targeted in a sweeping investigation into suspected tax evasion on Wednesday. The Tax Service said so far five potential breaches had been uncovered in inspections carried out with the Federal Security Service (FSB) at agricultural holdings across 13 regions. […] Read more
Most global grain traders face losing access to major terminals in Russia’s Novo
MOSCOW/PARIS (Reuters) – Most major international grain houses have not been included in a draft list of exporters who will work with the two largest grain terminals in Russia’s Black Sea port of Novorossiisk in the new marketing season, sources familiar with the matter said. Competition for access to grain export infrastructure has intensified in […] Read more
