The St Petersburg International Mercantile Exchange (SPIMEX) has said it will set a new record for the sale of timber and its processed products in 2024 of around 5.3 million to 5.5 million cubic meters, amounting to about ₽10 billion (US$97.2 million) in monetary terms, SPIMEX Managing Director Alexei Ryzhikov has said, in a year […]
Russian Timber Exchange Logs Record Trade Volumes Read More »
The Russian Fishery Shipowners Association (FSA) has said that Russia exported more than 1 million tonnes of frozen fish in 9M 2024, accounting for 17.4% of global exports compared to 16.2% at the end of 2023, following an analysis of global fish export statistics. The FSA said that “Frozen fish remains the main product of
Russia Splashes Ahead As World’s Largest Frozen Fish Exporter Read More »
Russia’s Ministry of Agriculture Agroexport Center has said that Russia exported dairy products worth US$370 million in 11M 2024, up 20% year-on-year. More than 30% of these export revenues came from cheeses and cottage cheese, 22% from fermented dairy products, 14% from ice cream, 11% from powdered milk, 9% from milk and cream and 6%
Russia’s Baltika beer brand, which was sold to its Russian management team for US$320 million in December last year following Carlsberg’s exit from the Russian consumer market, have launched 11 new online stores on popular internet platforms in China, and plans to open a trading house in Shanghai by the end of 2024. Baltika Brewery
Russia’s Baltika Beer To Open A Trading House In Shanghai Read More »
Russia’s state energy giant Rosneft has agreed to supply up to 500,000 barrels a day of various crude oil grades, under a ten year contract, to Indian private refiner Reliance. Worth roughly US$13 billion a year at current prices, the energy deal is the biggest-ever between Moscow and New Delhi. Under the decade -long agreement,
Russia, India Agree Massive Ten Year Oil Refining Contract Read More »
Russia’s Uralchem Group has delivered a humanitarian shipment of 55,000 tonnes of fertiliser to Sri Lanka. The shipment arrived in Colombo on December 12, and has been handed to the Sri Lankan government for distribution to its agricultural sector. The country has faced agricultural shortages since a previous administration inexplicitly banned the importation of fertilizer
Russia has increased its exports of wheat to Africa by 35% in 10M this year, reaching over 21 million tonnes, according to the Russian Agriculture Ministry’s Agroexport center. Egypt, Algeria, and Kenya were the main importers of Russian wheat in Africa, but supplies also increased 6-fold to Morocco, and by 3.7 times to Nigeria. Of
Russia’s FESCO Transportation Group has established a marine container service between Novorossiysk and the Kenyan port of Mombasa on the East African coast. The first consignment of FESCO containers is already being loaded in Mombasa to ship Kenyan tea to Russia. The overall transit time between Mombasa and Novorossiysk is around 43 days. The bulk
Russia Launches Shipping Service Between Novorossiysk and Mombasa Read More »
The Eurasian Economic Union (EAEU) has reached an agreement on a draft document regarding e-commerce in goods within the EAEU territory which sets unified requirements for the operations of EAEU marketplaces. The EAEU includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia and fits the geographic space between Eastern Europe and Western China. It has a population
Eurasian Economic Union Reaches Agreement on Unified E-Commerce Read More »
Russia has boosted exports of honey 43% year-on-year to achieve an all-time high of 4,000 tonnes in the eleven months January-November 2024, the Agriculture Ministry’s Agroexport center has stated. The main importers of Russian honey during 2024 have been Slovakia at 26% of the overall supply, Serbia at 21%, and China at 16%. There are
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