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Tengelmann starts with discount stores in Russia
Russia opens borders for Moldovan apple
Moldova exported more grapes to Europe last year than in 2013. For the upcoming season, Moldova wants to increase this volume even further. Russia is opening its borders for Moldovan apples, ending the boycott of Moldovan apples that lasted for over half a year. This is initially a trial period. The prices.....
Russian import 2014 down 670,000 tonnes
The import of fruit and vegetables in Russia turned out lower last year than in 2013. All in all, 8 million tonnes was imported, 6% below the 2013 level, when nearly 8.5 million tonnes was imported. That means the import returns to a level comparable to 2012, when around 8 million tonnes was imported as.....
Russia sells American government bonds
Exchange rate rouble big impact on imported products
Once again, statistics show that prices of imported products in Russia are generally on the rise. Bananas, pears and apples became more expensive. The main cause is the exchange rate. To help get the economy going, the Russian government recently sold 22 billion in American government bonds. Moldovan.....
Magnit safe haven investors
Russia finds no alternative for Conference
Russian importers are having problems finding alternatives for the Dutch and Belgian Conference pears. For apples, other partners have been found, but this is turning out to be a lot more difficult for pears. Investors are pinning their hopes on Russian supermarket Magnit. Magnit’s discount formula is.....
Poland wants to take more off the market
No exotics and organic produce in Russia
Russia, Ecuador and Venezuela were all hit hard by the lower oil price. The countries met last week in Moscow. The relationship between the countries has improved lately. Iran still has plans to increase its market share in Russia, with particularly big expectations for apples. Prices in Russia have gone up.....
Bonduelle sees increase in sales in Russia
The food embargo and plummeting rouble have increased demand for canned vegetables, leading to a 20-65% growth in sales for the sector’s leaders. French group Bonduelle, specialising in frozen and canned vegetables, were the first to announce a clear increase in sales. In Bonduelle’s report of the first.....
Export EU not less, but value decreased
Russia and Egypt let go of dollar
Russia and Egypt report they will soon let go of the dollar, using the rouble and Egyptian pound to trade instead. Rating agency Moody's lowered the credit rating of districts and companies in Russia. Moscow and St Petersburg were among those being downgraded. In Russia, prices increased because of the.....
Looming potato shortage for Russia
When Putin announced the boycott in the summer of 2014, he knew he could count on a good harvest. Local fruit and vegetables were available in abundance, and the country generally succeeded in finding new suppliers, for instance in China, Turkey, Israel, Morocco and the southern hemisphere. For the coming.....
China invests in export facilities on border
South Africa main citrus supplier to Russia
This weekend, the presidents of France, Ukraine and Russia and the chancellor of Germany agreed to meet on Wednesday in Minsk, to discuss a solution for East Ukraine. The starting point is the ceasefire, which was agreed upon in September last year, but hasn't been observed. The chance of the talks resulting.....
Weak rouble could cost Metro 200 million
Russia postpones lifting sanctions
The Russian phytosanitary service reports postponing plans to lift the sanctions. The service wanted to relax the restrictions on meat and potatoes, but blames the EU for not appreciating this step. The EU denies that there have been talks. The inspection does visit Moldovan apple growers. Afghanistan.....
Serbia and Russia partner against illegal import
EU extends sanctions Russia
The European ministers of Foreign Affairs have reached an agreement on extending the sanctions against Russia. There was some uncertainty on the Greek point of view beforehand, but in the end the Greek minister acceded. The government leaders still need to have their say on the agreement. Moldova, meanwhile,.....
"Junk status Russia unjustified"
Egypt seeks free trade zone with EEU
Egypt is said to be on the verge of signing a free trade agreement with the EEU, the union of former Soviet republics. The ties between Russia and Syria are also being strengthened. According to Russia, the downgrade to junk status is unjustified, with the Russian economy's strengths not being taken into.....
No end to boycott if European sanctions remain
Prices Russia up to +654%
As long as Europe doesn't tone down its sanctions, Russia will maintain its boycott, the Russian government reports. A study in Russian supermarkets in Samara, Central Russia, shows that prices for vegetables have gone up significantly. And if a proposal by the government is voted through, Russia will be a.....
Greek peach growers threaten actions
Partial end boycott on Russian terms
Following a summit meeting between the EU and Russia on trade last week in Berlin, a deal was struck on the end of the boycott. Russia is allowed to determine what products and from what countries export will be allowed again. It is not yet known for what products the borders will open up again. And in case.....
Potato prices Romania significantly lower
Majority of Russians support boycott
The Russian inspection service has once again sent back a shipment of fruit to Belarus. It consisted of 137 tonnes of oranges, mandarins and apples, of which the included documents weren't in order. In Romania, potato prices are 36% lower because of overproduction and the boycott. The Chinese apple export to.....
Fewer plums in Russia due to boycott
Positive signals EU and Russia on sanctions
From both European and Russian sides, careful signals are being heard about relaxation of the sanctions. Russia is convinced that the sanctions will be lifted, but doesn't mention a time schedule. President Hollande says he's willing to discuss the sanctions, if the talks this week in Kazakhstan about the.....
Russian crisis negative for European ports
Turkish export to Russia decreased
Early this week, the rouble recovered a bit after the rapid fall last month. Its value increased by almost 3% compared to the euro and the dollar. The economic situation in Russia may have consequences for logistical parties and ports in Europe. The port of Hamburg saw the export to Russia go down by 5.9%.....
“We all need to do something to compensate for Russia”
Frank Döscher 2nd from left and Björn Wieneke on the right from Elbe-Obst:Exploring new markets in the Middle EastThe import ban from Russia for European fresh produce hits the growers in the European Union pretty hard. Growers of fruit and vegetables are affected. The European countries face considerable.....
Russia stops 200 tonnes of fruit and veg
During the first few days of the New Year, the Russian Federal Service for Veterinary and Phytosanitary Surveillance has stopped more than 200 tonnes of fruit and vegetables. The produce has been returned to Belarus.The "Rosselkhoznadzor" reported that it stopped more than 90 tonnes of Polish and Moldavian.....
Oligarchs profit from boycott
German fruit and vegetable growers have had a couple of tough months. Because of the boycott and a good harvest, the prices decreased and the warehouses are full. At the Russian side of the trade war, prices for fruit and vegetables are expected to increase for the coming months. Additionally, the.....